Organisation for Economic Cooperation and Development (OECD) has proposed additional requirements for reporting crypto transactions and identifying customers in an effort to increase transparency for international tax authorities.

The OECD released a document for public consultation on Tuesday. OpenThe proposal, which would oblige crypto service providers better to identify users and provide reports on specific transactions, is open for public comment. According to the organization, under Current reporting requirements, tax authorities do not have “adequate visibility” for transactions dealing with crypto assets. According to the OECD, the crypto market posed a “significant risk” around tax transparency, claiming that any gains will eventually be lost without additional safeguards.