As of January 1, DAC8 is officially live across the EU — and it fundamentally changes how crypto activity is monitored.
If you live in an EU member state, regulatory visibility just increased big time.
Here’s what’s happening 👇
🔍 1) Mandatory Reporting
Crypto service providers (exchanges, brokers, platforms) must now report:
• Your identity
• Tax ID
• Transaction history
All of it goes directly to tax authorities.
🔄 2) Broader Transaction Coverage
Reporting now includes:
• Crypto ↔ Fiat
• Crypto ↔ Crypto
• Transfers involving custodial platforms
This significantly expands what regulators can see compared to before.
🪪 3) KYC Is Non-Negotiable
If required tax information isn’t provided, platforms may be forced to restrict or suspend accounts under EU compliance rules.
🌍 4) Global Reach
Non-EU exchanges serving EU residents must comply — or risk being cut off from the European market.
📊 What this really means
EU tax authorities are building a centralized reporting system for digital assets.
Data collection for 2026 tax years is already underway.
This isn’t about banning crypto.
It’s about full transparency and enforcement.
⚠️ Bottom line:
Crypto in Europe is moving from “self-reported” to institutionally monitored.
Privacy now depends on structure, awareness, and compliance, not ignorance.
If you’re not thinking about how regulation affects your crypto strategy —
you’re already late.
📉🇪🇺
FOLLOW • LIKE • SHARE