The Canada Revenue Agency is investigating 2,500 users of Dapper Labs, the company behind NBA Top Shot, for potential tax evasion. This marks the second time the CRA has pursued such a case, having previously obtained similar data from another crypto firm. Despite collecting over $72 million from tax evaders, the agency has yet to file any criminal charges.

The OECD's Crypto-Asset Reporting Framework (CARF) is now active in 48 countries, requiring crypto service providers to report user transaction data to tax authorities. This initiative aims to enhance tax transparency and reduce tax evasion by facilitating automatic information sharing among jurisdictions starting in 2027.

Japan is reclassifying certain cryptocurrencies to align them with their legal framework, which may facilitate the approval of cryptocurrency exchange-traded funds (ETFs) in the country. Additionally, there is a proposed shift in tax regulations that could impact crypto investments, making the environment more favorable for both investors and companies in the crypto sector.

The IRS has lost two key crypto initiative directors, Seth Wilks and Raj Mukherjee, who accepted voluntary resignation offers amid staff cuts. Both officials were involved in improving crypto taxation and compliance but are now on paid administrative leave after their departure from the agency.