END OF CRYPTO PRIVACY IN EUROPE 🚨
From January 1st, DAC8 is officially in force across the entire EU, and it's a true revolution. If you live in a member state, the days of going unnoticed with your wallets are officially over.
What's at stake:
1) Reporting is Mandatory: All exchanges are now legally required to send your name, tax identification, and all your transactions directly to the government.
2) No Place to Hide: They're tracking crypto-to-fiat transfers, crypto-to-crypto transfers, and even those transfers to your "private" Ledger or Trezor. They see everything.
3) KYC or Leave: If you don't provide your tax identification, exchanges must freeze your account and block your funds immediately!
4) Global Enforcement: Even exchanges outside the EU must cooperate or risk being banned from the European market.
Basically, tax authorities have just gained a high-tech dashboard to track your entire wealth in real time. Data collection for 2026 is already underway.
If you're not already thinking about privacy, you're already behind. This is the new reality. 📉🇪🇺
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