DAC8 is transforming the landscape of cryptocurrency, with #DeFi positioned centrally within this evolution. The DAC8 directive seeks to address reporting deficiencies, facilitate the collection of tax data, and dispel the notion that decentralized platforms operate beyond governmental oversight. The reality of the situation is more complex, and in many instances, the regulatory framework is more stringent than users typically anticipate.Will #DeFi be Affected by DAC8?Indeed, the applicabilit...

DAC8 is transforming the landscape of cryptocurrency, with #DeFi positioned centrally within this evolution. The DAC8 directive seeks to address reporting deficiencies, facilitate the collection of tax data, and dispel the notion that decentralized platforms operate beyond governmental oversight. The reality of the situation is more complex, and in many instances, the regulatory framework is more stringent than users typically anticipate.Will #DeFi be Affected by DAC8?Indeed, the applicabilit...