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 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