The post Latvia Approves New Crypto Tax Bill, Sets 2026 Deadline for DAC8 Compliance appeared first on Coinpedia Fintech News
On June 3, the Latvian Cabinet approved Bill No. 24-TA-3148, a major step toward aligning the country’s tax laws with the Crypto Asset Reporting Framework (CARF) and the EU’s DAC8 directive. The new legislation introduces stricter reporting and due diligence rules for crypto asset service providers and will come into effect on January 1, 2026.
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The new crypto bill aims to increase transparency and cooperation across the EU by ensuring all crypto transactions, including indirect investments, fall under international reporting standards.
CARF also expands CRS coverage to include digital wallets and stablecoins, aligning with the OECD’s global push for crypto regulation.
Latvia is rapidly emerging as a hub for crypto and blockchain innovation. According to the Ministry of Economics:
With a clear regulatory roadmap, Latvia is positioning itself to lead in Web 3.0 development, attracting global talent and investment in blockchain technology.
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