Deep Tide TechFlow news, on December 24, according to CoinDesk, the EU's new tax transparency regulation DAC8 will officially take effect on January 1, 2026, requiring all crypto asset service providers (including exchanges and brokers) to report detailed user and transaction data to national tax authorities. This directive operates in parallel with the MiCA regulatory framework, aiming to eliminate tax loopholes in the crypto economy.

Crypto businesses must complete compliance adjustments by July 1, 2026, or face penalties for late compliance. Notably, this regulation grants tax authorities the power for cross-border cooperation, allowing them to freeze or seize relevant crypto assets upon discovering tax evasion, even if these assets are located outside the jurisdiction of the user's home country.