Crypto anonymity under threat: DAC8 directive takes effect in 2026
Starting January 1, 2026, the EU will implement the DAC8 directive, requiring cryptocurrency exchanges and brokers to report users’ transaction data and personal information to tax authorities. This marks a shift toward full control and transparency in crypto taxation.
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Under this directive, tax authorities across EU member states will automatically share the collected information with each other, significantly reducing anonymity in cryptocurrency transactions. Companies operating in the crypto market will have a transitional period until July 1, 2026, to implement the necessary monitoring and reporting systems.
As a result, DAC8 dramatically alters the regulatory landscape for the crypto industry in Europe by increasing transparency and oversight. This is likely to impact both user behaviour and business practices as they adapt to the new compliance requirements.
