Netherlands Gazettes Law Implementing DAC8 Crypto-Asset Reporting Framework

The Dutch Official Gazette April 10 published a law implementing EU Council Directive 2023/2226 on administrative cooperation (DAC8) and the Crypto-Asset Reporting Framework (CARF). The law includes measures: 1) applying reporting obligations to crypto-asset service providers beginning with reportable transactions in the period from Jan. 1; 2) correcting omissions in the transposition of EU Council Directive 2021/514 (DAC7); 3) requiring reporting for reportable domestic crypto-asset transactions, for crypto-asset service providers on residents of non-EU countries, and on crypto-asset service providers operating in or from the Netherlands; 4) requiring the collection and verification of transaction and user data on reportable transactions, ...