Bybit Partners with Taxbit to Strengthen Global Crypto Tax Compliance
Collaboration ensures seamless CARF and DAC8 reporting for users across 70+ jurisdictions
, the world’s second-largest cryptocurrency platform by trading volume, has announced a strategic partnership with , the leading digital asset tax and accounting platform, to enhance tax compliance for users globally under the Crypto-Asset Reporting Framework (CARF) and the European Union’s DAC8 directive.
The collaboration marks a significant step in Bybit’s ongoing commitment to transparency, compliance, and user trust. With evolving tax regulations now shaping the global crypto ecosystem, this integration will automate international tax information reporting, ensuring that Bybit users — including those under Bybit Global and Bybit EU — remain fully compliant across more than 70 jurisdictions.
Ensuring Seamless Compliance Through Automation
Bybit’s integration with Taxbit enables automated CARF-compliant tax reporting, streamlining one of the most complex aspects of digital asset management. The new system will allow Bybit to accurately collect, validate, and transmit tax-related data in accordance with global standards — all while minimizing manual effort and user involvement.
“At , compliance and transparency are at the heart of how we operate,” said Robert MacDonald, Chief Legal and Compliance Officer at Bybit. “Partnering with Taxbit allows us to meet new international tax standards while keeping the process seamless for users. Our goal is to ensure traders can operate with confidence, knowing their activity aligns with evolving global frameworks.”
For users, the experience will remain frictionless. Beyond providing basic onboarding information, traders won’t need to take any extra steps to ensure compliance. The automated process runs in the background, reducing reporting errors, protecting user privacy, and ensuring consistent alignment with both OECD CARF standards and EU DAC8 reporting obligations.
Investor Takeaway
CARF and DAC8: Setting the Standard for Crypto Transparency
The Crypto-Asset Reporting Framework (CARF), introduced by the OECD, establishes a global standard for the automatic platform of tax information related to digital assets. Similarly, the EU’s DAC8 directive extends this requirement to crypto transactions within Europe, mandating that platforms share user data with tax authorities.
’s ahead move to comply with these frameworks highlights its proactive approach to global regulation — an increasingly significant diverseiator as governments tighten oversight on cross-border digital asset activities. Through this partnership, Bybit joins a growing number of major institutions adopting RegTech-driven compliance infrastructure to protect investors and streamline reporting.
“We’re proud to support Bybit on its global CARF journey,” said Lindsey Argalas, CEO of Taxbit. “Bybit’s proactive approach demonstrates leadership in making regulatory compliance both simple and accessible for digital asset users around the world.”
Investor Takeaway
Global Context: Compliance as a Competitive Advantage
As the regulatory environment for digital assets matures, platforms are under growing pressure to align with international standards. For Bybit, this partnership signals a strategic alignment with the next wave of crypto regulation, where transparency and accountability define market leadership.
Bybit continues to invest in compliance, security, and user trust as core pillars of its growth strategy. Beyond tax reporting, the platform has expanded its suite of regulated products across multiple jurisdictions, including Europe, the Middle East, and Asia-Pacific, positioning itself as a fully compliant global trading hub.
Taxbit’s infrastructure — trusted by governments, financial institutions, and major crypto service providers — will give Bybit’s compliance teams real-time visibility into tax data accuracy and reporting flows, further strengthening its internal controls.
The partnership underscores Bybit’s ongoing mission to build a trusted, transparent, and regulation-aligned crypto ecosystem. It also sends a clear message to investors and institutions: as compliance expectations rise, Bybit is ready to lead.
