The EU Has Officially Ended Crypto Privacy With DAC8
The EU’s DAC8 law took effect, expanding tax reporting rules to cover crypto in full. For everyday users and investors, this marks a turning point.
Anonymous crypto holdings are no longer a realistic option for anyone living in the European Union’s 27 member states, home to more than 450 million people. DAC8 brings crypto into the same reporting world as bank accounts.
What DAC8 Changes for Crypto Users
At its core, DAC8 requires automatic reporting. Crypto exchanges, brokers, and service providers must now collect and send user data directly to national tax offices. This includes your name, Tax Identification Number, and a detailed record of transactions.
The scope is wide. Reporting covers crypto to fiat…
