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…