As cryptocurrencies and other digital assets become more
prominent in the financial landscape, the EU has introduced DAC8 to
increase transparency and combat potential tax fraud. Organisations
active in this sector now need to ensure they are ready for this
new regulation.
Cryptocurrencies and decentralised finance (DeFi), a
blockchain-based form of finance that bypasses central financial
intermediaries, have been making headlines around the world.
Whether it's the price of Bitcoin surging to a record high
of $63,000 or El Salvador adopting the cryptocurrency as legal
tender, there seems to be a new story each day. It's
estimated that the crypto market is now worth some $2 trillion.
