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Swedish Ministry of Finance Submits DAC8 Crypto-Asset Reporting Proposal for Review

  • The Swedish Ministry of Finance referred a draft bill to the Legislative Council to implement DAC8, aligning crypto-asset reporting obligations with the OECD’s CARF and amended CRS standards.

  • DAC8 introduces reporting and due diligence obligations for crypto-asset service providers to enhance transparency and facilitate automatic exchange of tax information, effective following European Council approval in October 2023.

Source: Orbitax

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