EU's New Crypto Rules: What You Need to Know

Starting in 2026, Crypto Companies in the EU Will Gather Tax Details

Many believe this marks the end of crypto privacy, but that's not entirely accurate.

Key Dates and Implementation

• January 1, 2026: Data collection begins.
• September 2027: First full reports due.

2026 is primarily about setting up systems and collecting data. Significant enforcement changes will likely come later when reports can be compared across countries.

What DAC8 Covers

• Crypto-to-fiat exchanges
• Crypto-to-crypto exchanges
• Withdrawals to personal wallets

Even if you move crypto to a personal wallet, the exchange will still report it.

What Gets Reported?

• Not all user transaction history.
• Annual reports with aggregated data.
• The information trail no longer ends at personal wallets.

Impact on Users

• Tax identification numbers must be provided during onboarding.
• Failure to comply could disrupt trading and withdrawals after two reminders and 60 days.

Impact on Crypto Platforms

• Higher costs and stricter rules.
• Smaller providers may struggle, while larger ones can absorb costs.
• Rules align with global trends, as many countries plan crypto data exchanges in 2027.

Conclusion

DAC8 doesn't end crypto privacy but makes it harder to avoid reporting. The focus shifts to onboarding and compliance, affecting both users and providers.