EU’s DAC8 takes effect Jan. 1, pulling crypto exchanges into cross-border tax reporting
The European Union’s newest tax transparency law for digital assets takes effect Jan. 1, marking a shift in how crypto activity faces scrutiny across the bloc.
Known as DAC8, the directive extends the EU’s long-running framework for administrative cooperation on taxation to crypto assets and related service providers. The rules require crypto-asset service providers, including exchanges and brokers, to collect and report detailed information on users and transactions to national tax authorities. Those authorities then share the data across EU member states.
The move matters because it closes a gap that left parts of the crypto economy outside standard tax reporting. Under DAC8, authorities gain a clearer view of crypto holdings,…
