On December 8, 2022, the European Commission presented its proposal for the new tax transparency law, called DAC 8. This law, which supplements the MiCa crypto-asset regulation, would require all service providers facilitating crypto-asset transactions for EU customers to report crypto transactions of EU clients. DAC 8 would cover both domestic and cross-border transactions, and in some cases, it would also cover nonfungible tokens. Financial institutions would be required to report on e-money and central bank digital currencies.
Source: fiscal-requirements.com
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