The Government of the Slovak Republic has approved a draft bill for the Implementation of Council Directive (EU) 2023/2226 of 17 October 2023 (DAC8), including new reporting and due diligence obligations for crypto-asset service providers. Approved by the European Council in October 2023, the provisions of DAC8 are largely based on the Crypto-Asset Reporting Framework (CARF) developed by the OECD and the amended Common Reporting Standard (CRS) for the automatic exchange of financial account information in tax matters. EU Member States need to adopt and publish the laws, regulations, and administrative provisions necessary to comply with DAC8 by 31 December...