Bybit Partner with Taxbit to Strengthen Global Crypto Tax Compliance Under CARF and DAC8

Key Highlights

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  Bybit partners with Taxbit to automate tax compliance under CARF and EU’s DAC8.
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  Integration streamlines global reporting across over 70 jurisdictions.
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  Partnership strengthens Bybit’s transparency and regulatory alignment.

Bybit has announced a strategic collaboration with Taxbit, a leading digital asset tax and accounting platform, to enhance global tax reporting and compliance for users across its global and EU platforms.

The partnership will support Bybit’s adherence to the Crypto-Asset Reporting Framework (CARF) and the European Union’s DAC8 directive, both designed to improve transparency and ensure regulatory oversight in digital asset transactions. This move reflects Bybit’s continued push to integrate advanced compliance tools amid tightening global financial regulations.

Automated Compliance for Global and EU Users

Through Taxbit’s infrastructure, Bybit will automate CARF-compliant tax reporting for users across more than 70 jurisdictions. The integration minimizes manual reporting, reduces errors, and ensures users remain compliant without needing to take additional steps beyond standard onboarding.

Robert MacDonald, Chief Legal and Compliance Officer at Bybit, stated that the initiative aligns with the exchange’s goal of maintaining transparency and security. He said, "Partnering with Taxbit allows us to meet evolving international tax standards while ensuring a seamless experience for our users."

Bybit users will now benefit from enhanced compliance coverage that operates in the background, assuring that their trading activities meet global regulatory standards without disrupting their trading experience.

Enhancing Global Trust and Transparency

Taxbit CEO Lindsey Argalas described the partnership as a major step toward simplifying crypto tax compliance. Argalas noted, "Bybit’s proactive adoption of CARF standards reflects real leadership in making global compliance accessible for digital asset users."

Bybit’s collaboration with Taxbit underscores its commitment to aligning with international tax regimes while maintaining its reputation for reliability and user protection. As global regulatory frameworks evolve, the exchange continues to position itself as a compliance-first trading platform bridging innovation with transparency.

Notably, Bybit recently announced the integration of the uMint tokenized fund, a digital asset product launched by global banking giant UBS. This partnership underscores Bybit’s ongoing efforts to bring regulated, institutional-grade investment products to the crypto ecosystem.