As far as I understand, under CARF, crypto exchanges will essentially have to report most crypto transactions.
How is it going to work with OTC providers?
For example, suppose I use Kraken OTC to swap some BTC for ETH. Instead of depositing the BTC into my Kraken account first, I use their feature where no prior deposit is required. In this case, I simply inform them that I want to execute the trade at a specified rate, transfer the BTC to their address within the next 24 hours, and then they send the ETH to my address.
Would this type of transaction be considered a reportable crypto transaction under CARF?
How is it going to work with OTC providers?
For example, suppose I use Kraken OTC to swap some BTC for ETH. Instead of depositing the BTC into my Kraken account first, I use their feature where no prior deposit is required. In this case, I simply inform them that I want to execute the trade at a specified rate, transfer the BTC to their address within the next 24 hours, and then they send the ETH to my address.
Would this type of transaction be considered a reportable crypto transaction under CARF?
