Bybit Revolutionizes Crypto Tax Compliance Through Strategic Partnership with Taxbit

Bybit has announced a groundbreaking partnership with Taxbit to automate crypto tax reporting across more than 70 jurisdictions. This collaboration integrates advanced compliance tools directly into Bybit's platform, ensuring adherence to global regulations like the Crypto-Asset Reporting Framework (CARF) and the EU's DAC8 directive. The move aims to eliminate manual errors and streamline tax reporting for users, marking a significant step forward in crypto regulatory compliance.

Bybit Partners with Taxbit to Automate Global Crypto Tax Compliance

Bybit has forged a strategic alliance with Taxbit to revolutionize crypto tax reporting across 70+ jurisdictions. The integration automates compliance with the Crypto-Asset Reporting Framework (CARF) and EU's DAC8 directive, eliminating manual errors while maintaining regulatory rigor.

The collaboration embeds tax reporting directly into Bybit's platform architecture. Users benefit from seamless compliance without additional paperwork—trading activity automatically generates tax-ready documentation. This institutional-grade solution positions Bybit at the forefront of regulatory technology in digital assets.

Taxbit's proven automation tools now power Bybit's backend systems, creating an audit trail that satisfies global tax authorities. The partnership reflects crypto's maturation as exchanges proactively bridge the gap between decentralized finance and traditional compliance frameworks.

Bybit Explores Acquisition of South Korea's Korbit in Strategic Expansion Move

Global cryptocurrency exchange Bybit is reportedly in preliminary discussions to acquire Korbit, South Korea's fourth-largest digital asset trading platform. The potential deal centers on SK Planet's 31.5% stake in Korbit, with NXC—Nexon's holding company—retaining majority ownership at 60.5%.

Market observers view this as a calculated expansion play by Bybit into Asia's tightly regulated crypto markets. South Korea's evolving regulatory framework, set for significant updates by October 2025, adds complexity to foreign exchange operations in the jurisdiction.

The rumored acquisition has ignited debate within crypto circles about international platforms navigating Korea's unique market dynamics. Korbit's established position offers Bybit immediate access to one of the world's most active retail trading communities.