EU Tax Authorities to Monitor Crypto Transactions Under CARF
EU to enforce DAC8 directive in 2026, requiring crypto exchanges to report transactions.
From January 1, 2026, the European Union will enforce the DAC8 directive, implementing the Crypto-Asset Reporting Framework (CARF). Cryptocurrency exchanges, brokers, and custodial services will begin reporting user transaction data to tax authorities.
As of December 4, a total of 75 jurisdictions have committed to adopting the standard, according to a report by the Organisation for Economic Co-operation and…
