Crypto: Defi Stays Outside The Rules As Regulators Tighten Elsewhere:...
Europe narrows crypto tax gaps, US lawmakers revisit market structure, and institutions push DeFi into compliance territory.
The European Union’s new crypto tax reporting regime under DAC8 is intentionally focused on enforceable targets, leaving decentralized finance (DeFi) outside its scope for now.
Colby Mangels, a former adviser to the Organisation for Economic Co-operation and Development (OECD) and now Taxbit’s global head of government solutions, said the rules prioritize identifiable intermediaries such as custodians and exchanges, which will be required to collect and report standardized user activity data under the OECD’s Crypto Asset Reporting Framework (CARF).
However, the DeFi carve-out may not last. Mangels said tax authorities are increasingly drawing on Anti-Money Laundering (AML) frameworks to define accountability in crypto markets, and regulators are closely watching whether DeFi platforms can be classified as virtual asset service providers.
Animoca Brands Japan partnered with RootstockLabs to bring Bitcoin-native DeFi tools to Japanese corporations, with a focus on treasury management.
The collaboration will localize Rootstock’s institutional program for Japan, enabling companies to manage their Bitcoin holdings and access onchain financial tools built on the Rootstock network, which is secured by Bitcoin's proof-of-work (PoW) through merged mining.
The move reflects growing interest among Japanese companies in using Bitcoin as a treasury asset, with companies exploring infrastructure beyond simple custody.
US senators are preparing to weigh amendments to the Digital Commodity Intermediaries Act (DCIA), a long-awaited crypto market structure bill, with decentralized finance emerging as one of the contested areas.
The bill would clarify regulatory roles between the Commodity Futures Trading Commission and the Securities and Exchange Commission, but lawmakers and industry groups have raised concerns over how provisions affecting DeFi could be implemented.
The debate signals that DeFi remains a fault line in US market structure talks, even as lawmakers pushed to advance a framework after years of delay.
Source: CoinTelegraph
