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European Parliament Approves New Transparency Rules Concerning Crypto-Asset Transaction Reporting (DAC8)

|Proposed Changes|European Union
European Union

On 13 September 2023, the European Parliament approved a resolution on the proposal for a Council directive amending Directive 2011/16/EU on administrative cooperation in the field of taxation to introduce new reporting requirements in relation to crypto-assets that are used for payment or investment purposes (DAC8). The proposal is meant to improve Member States' ability to detect and counter…

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