Luxembourg Council of Ministers Approves Bill to Implement DAC8 Crypto-Asset Reporting Obligations

Luxembourg Council of Ministers has approved the draft law on 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…
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