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Some U-card users received the CRS reporting notice from Fiat24 and need to submit tax information.
ME News Report, April 15 (UTC+8), according to a post by crypto KOL AB Kuai.Dong, and based on widespread community feedback, those who registered for U Card with a passport last year have recently received CRS reporting synchronization notices from the upstream issuer of U Card, Fiat24. The email mentioned that, according to new regulatory requirements CRS/DAC8, all financial platforms need to collect users’ tax residency information; failure to do so may result in account restrictions. Currently, only the upstream issuer Fiat24 for U Card is involved. Additional: CRS is an international tax information exchange, with China as a member. (Source: PANews)