Nov 12, 2025

Bybit Partners with Taxbit for Global Tax Compliance Key Takeaways Bybit has partnered with Taxbit to automate tax-information reporting under CARF and DAC8 across more than 70 jurisdictions. The integration aims to minimise manual steps for users Aligning early with CARF and DAC8 positions Bybit as a compliance-forward exchange Bybit , the world’s second-biggest crypto exchange, just teamed up with Taxbit—a top player in digital asset tax and accounting. They’re working together to boost Bybit’s tax compliance around the world, especially with new rules like the Crypto-Asset Reporting Framework (CARF) and the EU’s DAC8 directive. This move shows Bybit’s seriousness about staying compliant and making things easier for traders, even as tax laws keep changing. The best part? Once users finish the usual sign-up, the whole tax compliance process runs quietly in the background. Traders don’t have to do anything extra. It’s all handled for them. Regulatory Background and Significance CARF lays out the rules for sharing tax info about crypto transactions across borders. DAC8, on the other hand, puts the spotlight on exchanges in the EU, making them report user data straight to tax authorities. For Bybit , getting in line with these rules early shows they’re serious about compliance, especially as regulations get tighter and the industry grows up fast. Bybit emphasised its commitment to transparency and regulatory compliance. At Bybit, compliance and transparency are at the heart of how we operate,” said Robert MacDonald, Chief Legal and Compliance Officer of Bybit. “Partnering with Taxbit allows us to meet new international tax standards while making the process as seamless as possible for our users”. This collaboration ensures our community can trade confidently, knowing that we at Bybit take safety and customer compliance seriously.” Taxbit has built a solid reputation for its tax automation and accounting compliance tools in the digital asset world. Big crypto service providers, payment processors, and even government agencies rely on their systems. Lindsey Argalas, Taxbit’s CEO, put it like this: “We’re proud to support Bybit as they take on CARF globally. Bybit’s proactive attitude really shows what leadership looks like when it comes to making regulatory compliance simple and accessible for digital asset users everywhere.” What This Means for Users If you use Bybit anywhere in the world—even in the EU—you’ll have an easier time handling your tax stuff thanks to this new partnership. No extra paperwork, just the usual verification. The system handles everything automatically. It grabs your tax info, checks it, and sends it off as needed to fit CARF and DAC8 rules. For traders, that means way less hassle, fewer mistakes, and a smoother experience overall. Now that Bybit and Taxbit have announced they’re working together, they’ll share more about the rollout and how users can get started soon. As CARF and DAC8 rules get stricter through 2026 and beyond, exchanges have to step up their game on tax reporting. For Bybit, teaming up like this is part of a bigger plan—to build trust, move confidently into regulated markets, and just make things simpler for everyone who trades on the platform. I'm a crypto writer with 4+ years of experience passionate about turning big, technical ideas into content anyone can understand. From blockchain to stablecoins to everything in between, I enjoy helping readers stay informed in a space that never stops moving. Disclaimer VentureBurn is a media platform covering the latest in cryptocurrency, artificial intelligence, venture capital, and the startup ecosystem. Opinions expressed on VentureBurn are for informational purposes only and do not constitute investment advice. Before making any high-risk investments in digital assets or emerging technologies, readers should conduct their own due diligence. All transactions and financial decisions are made at your own risk, and any losses incurred are solely your responsibility. VentureBurn does not endorse or recommend the buying or selling of any digital assets and is not a licensed investment advisor. Please note that VentureBurn may participate in affiliate marketing programs. Editor's Choice