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Latvia has approved a draft law to implement DAC8, introducing new reporting and due diligence rules for crypto-asset service providers, aligning with EU Directive 2023/2226 requirements.
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DAC8 provisions, based on the OECD’s CARF and updated CRS, must be adopted by EU Member States by 31 December 2025, with most rules effective from 1 January 2026.
Source: Orbitax
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