A total of 48 jurisdictions have signed a joint statement commiting to an expansion of the automatic exchange of information (AEOI) on tax to include cryptoassets.

The AEOI refers to an international agreement for tax authorities to share tax information with other jurisdictions in order to combat tax evasion.

In October, Switzerland, which is a signatory to the joint statement on crypto asset tax reporting, increased the number of countries it shares financial data with...