Austria Gazettes Law Implementing DAC8, Crypto-Asset Reporting Framework Provisions

The Austrian Official Gazette Dec. 23 published Law No. 96, implementing the reporting, due diligence, and registration obligations for crypto-asset service providers under Directive 2023/2226/EU (DAC8), the amended common reporting standard (CRS), and the Crypto-Asset Reporting Framework (CARF). The law includes measures: 1) specifying which entities are subject to the obligations; 2) clarifying the reporting and recordkeeping obligations for crypto-asset service providers and users; 3) expanding the automatic exchange of information (AEOI) under the CRS to cover electronic financial products and central bank digital currencies; 4) extending the AEOI rules to non-custodial dividends and exchanges of advance cross-border rulings; 5) ...