EU’s DAC8 law brings crypto under tax scrutiny starting Jan. 1
On December 24, the EU confirmed that the release of its new transparency regulation will only apply to digital assets and will take effect on January 1, 2026. Additionally, it will impact the current method used to examine cryptocurrency activities across the EU.
The EU report also highlighted that the Directive on Administrative Cooperation (DAC8), the new regulation, expands the existing EU system for partnering on tax issues to include crypto assets and related services.
Under these regulations, firms responsible for offering crypto-related services, such as exchanges and brokers, are required to collect and report comprehensive data regarding all their users and transactions carried out to the national tax authorities….
