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Title: EU Council Adopts DAC 8 Directive to Enhance Tax Oversight on Crypto Transactions.
The Council of the EU has adopted the DAC8 directive to enhance administrative cooperation among national tax authorities concerning crypto-asset transactions and tax rulings for high-net-worth individuals. The directive broadens the scope of assets covered, mandates automatic information exchange, and aligns with global standards set by the OECD and G20 to address challenges posed by the digital economy.
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Kazakhstan Seeks to Improve Cryptocurrency Trading Framework
DATF framework supports "AFSA's Strategy for 2022," which includes crypto framework development as one of three regulatory goals.
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World Economic Forum Releases GSMI Global Blockchain Standards
The World Economic Forum (WEF) has released blockchain standards dubbed the Global Standards Mapping Initiative (GSMI).