Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has teamed up with Taxbit, a leading provider of digital asset tax and accounting solutions, to strengthen its global tax compliance capabilities. This collaboration comes as part of Bybit’s commitment to adapting to new international regulations, including the Crypto-Asset Reporting Framework (CARF) and the EU’s DAC8 directive.
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Through this partnership, Bybit aims to make tax compliance simpler and more transparent for its global users. Taxbit’s advanced infrastructure will automate CARF-compliant tax reporting across more than 70 jurisdictions, ensuring that both Bybit EU and Bybit Global users remain fully aligned with evolving global standards.
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“At Bybit, compliance and transparency are core to our mission,” said Robert MacDonald, Chief Legal and Compliance Officer at Bybit. “By partnering with Taxbit, we’re not only meeting new international tax requirements but also making the process effortless for our users. This collaboration allows our community to trade with confidence, knowing that we take compliance and safety seriously.”
For Bybit users, the integration means a smoother and stress-free experience. There’s no need for extra steps — once users complete their basic onboarding, the system works automatically in the background. This reduces manual effort and reporting errors, allowing traders to focus on what they do best: trading.
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Bybit’s choice of Taxbit reflects the latter’s proven expertise in crypto tax automation for both individual traders and institutions. “We’re thrilled to support Bybit in its global CARF compliance journey,” said Lindsey Argalas, CEO of Taxbit. “Bybit’s proactive approach shows true leadership in making compliance easy and accessible for crypto users worldwide.”
This partnership reinforces Bybit’s mission to build a trusted, transparent, and regulation-aligned ecosystem one that empowers users to trade confidently in an increasingly complex digital asset landscape.
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