EU Adopts DAC8 – New Cryptocurrency Tax Reporting Rule To Take Effect Soon
European Union (EU) finance ministers approve new regulations requiring cryptocurrency firms to share data on customer cryptocurrency holdings with tax authorities. On October 17, the EU adopted the Eighth Directive on A...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
On October 17, the EU adopted the Eighth Directive on Administrative Cooperation (DAC8), which is set to go into force in 2024. The directive will be published in the Official Journal, the European Union's gazette of legal acts, and enter into effect on the 20th day following publication....
Read More: EU Adopts DAC8 – New Cryptocurrency Tax Reporting Rule To Take Effect Soon
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Strategy, Metaplanet Face Exit From MSCI Indexes as the Index Provider Adopts New Test
MSCI will stop handling crypto treasury companies under a separate set of rules. The index provider announced on Oct. 15 that it i...
Crypto Regulation: Firms Face AI Controls Before Dedicated Rules Arrive
In crypto regulation news, the rise of AI has led financial supervisors to shift from broad concern to concrete expectations for h...
Thailand crypto ETFs may see slow start despite new rules: CoinShares
Thailand’s new Bitcoin and Ether ETF rules take effect Friday, but CoinShares expects modest initial inflows as existing investmen...
VanEck Pulls Plug on Lido Staked ETH ETF After Yearlong Wait
VanEck Digital Assets asked the SEC last night, UK time, to withdraw the registration for its proposed Lido Staked Ethereum ETF, n...
SEC Crypto: What do the Coinbase and MARA Binary Options Mean?
In SEC crypto news, the commission has reportedly approved standardized binary options that pay a predetermined cash amount if a s...
VanEck Pulls Lido Staked Ethereum ETF After 1 Year, Ending stETH Fund Plan
Key Takeaways: VanEck has suggested to the Securities and Exchange Commission that it remove its proposed Lido Staked ETH registra...