On 17 October 2023, the Council of the European Union announced the adoption of a new Council Directive amending Directive 2011/16/EU on administrative cooperation in the field of taxation for the introduction of new reporting and exchange of information rules concerning crypto-asset transactions and advance tax rulings for high-net-worth individuals (DAC8 Directive). The DAC8 Directive will enter into force 20 days after its publication in the Official Journal of the European Union. EU Member States will need to adopt and publish the laws, regulations, and administrative provisions necessary to comply with the Directive by 31 December 2025, and must apply...