Bybit partners with Taxbit to boost global tax compliance for users
Crypto Briefing
Bybit has partnered with Taxbit to automate tax information reporting for users globally to comply with CARF and DAC8 regulations.Summary
Crypto exchange Bybit has announced a partnership with Taxbit to enhance tax compliance for its users worldwide, specifically addressing the requirements of the Crypto-Asset Reporting Framework (CARF) and the EU’s DAC8 directive. This integration aims to automate tax information reporting across more than 70 jurisdictions, ensuring compliance without requiring extra steps from users beyond basic onboarding information. Robert MacDonald, Bybit's Chief Legal and Compliance Officer, stated the collaboration meets new international tax standards while simplifying the process. Lindsey Argalas, CEO of Taxbit, praised Bybit's proactive approach to making regulatory compliance accessible for digital asset users globally.
(Source：Crypto Briefing)