Crypto investors have long enjoyed an unusual advantage: the ability to trade assets without necessarily leaving the kind of reporting trail familiar to users of traditional financial markets. New EU rules are designed to change that.

From 2026, crypto exchanges face broader obligations to identify customers and report transaction data to tax authorities. For investors who have treated crypto as a tax blind spot, the message is straightforward: anonymity is becoming expensive.

Germany is implementing the EU’s DAC8 rules, requiring crypto service providers operating from Germany or serving German users to collect and report information about their customers and their transactions. The rules apply to major platforms including Bison,…