OECD to Help Build Framework for Blockchain

 

Governments, developers and other stakeholders are creating a universal framework that guides the development of cryptocurrencies and blockchain trade after the Organization for Economic and Co-operation (OECD) confirmed that it is developing tools to assist in the evaluation of taxation on new technologies.

The OECD is an intergovernmental organization whose mandate includes fostering and stimulating economic growth and world trade among member countries. The OECD sent a report to finance ministers and central bank regulators of the G20 member countries explaining that development of the framework will commence immediately, and it will be part of the Inclusive Framework the organization is working on.

The participation of the OECD in blockchain technologies helps accelerate the pace at which the industry will benefit. At the moment, governments have many different regulatory approaches of the cryptocurrency market, and it would be a huge gain for the industry to have a universal global framework.

As one of the leading emerging products, Saifu is registered in the Czech Republic, one of Europe’s most crypto-friendly nations. For the sake of the system’s security and the safety of traders and their products on the platform, Saifu’s security system was developed in conjunction with Thales, a world-renowned banking cyber security expert.

 

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