The era in which digital assets operated with limited regulatory oversight is rapidly coming to an end. The introduction of DAC8 and the Crypto-Asset Reporting Framework (CARF) marks a significant regulatory shift for both financial institutions and Crypto-Asset Service Providers (CASPs). These frameworks are set to redefine reporting obligations by placing greater emphasis on data accuracy, traceability, and cross-border exchange of information, driving the industry toward enhanced tax transparency.
The 8th amendment to the EU Directive on Administrative Cooperation (“DAC8”) expands on existing tax transparency frameworks, such as CRS, to encompass crypto-assets. Closely aligned with the OECD’s Crypto-Asset Reporting Framework (CARF), DAC8 establishes a standardized mechanism for the cross-border exchange of information relating to crypto-asset transactions between participating jurisdictions.
With the new rules already effective from January 1 2026, the focus is no longer on whether firms must comply, but on how effectively and efficiently they can do so. While these reporting requirements may appear complex and operationally demanding, they should not become an obstacle to your firm’s growth and strategic objectives.
Finmatek is pleased to announce the launch of its DAC8/CARF reporting services, designed to support clients throughout every stage of the compliance process.
Our services include:
- Data classification and mapping
- End-to-end reporting solutions
- Ongoing advisory and regulatory monitoring
Our cross-functional team combines deep expertise in regulatory reporting and digital asset compliance, enabling us to deliver timely, accurate, and fully compliant reporting solutions tailored to your needs.
