EU Tightens Grip on Crypto Privacy with New Reporting Rules
TLDR
- EU introduces strict crypto reporting, raising major Crypto Privacy fears.
- DAC8 mandates tracking from 2026, retaining user data post deregistration.
- Travel rule extends to self wallets, demanding ID for transfers above €1,000.
- Centralised EU supervision expands, boosting control but alarming operators.
- New reporting duties deepen monitoring, cutting into Crypto Privacy further.
The European Union has introduced strict digital asset reporting rules that will reshape how crypto firms operate across the bloc. The measures highlight growing concerns around Crypto Privacy, as authorities prepare to monitor trading data more closely. Regulators aim to prevent tax avoidance and financial crime, but the framework…
