Denmark’s parliament is reviewing draft bill L 151, submitted on 26 February 2025, to implement the EU’s DAC8 directive.
The bill introduces new reporting and due diligence requirements for crypto-asset service providers, aligning with the OECD’s Crypto-Asset Reporting Framework (CARF) and the revised Common Reporting Standard (CRS).
CARF is a new set of rules introduced by the OECD that provides guidance on how to report cryptocurrency transactions, as well as how to comply with anti-money laundering (AML) and counter-terrorist financing (CTF) regulations. This framework aims to achieve crypto-asset transparency through annual, automatic exchange of information related to crypto-asset transactions among participating jurisdictions whose tax residents engage in such activity.
EU Member States must adopt DAC8 by 31 December 2025, with most provisions taking effect from 1 January 2026, while some apply from 2028. The bill’s timeline aligns with these EU deadlines.