- New regulation for information exchange of cryptocurrency and e-money in Europe called DAC8
- DAC8 involves automatic exchange of data between tax authorities of EU member states regarding cryptocurrency and e-money
- Cryptocurrency service providers must provide this information to tax authorities
- DAC8 does not require disclosure of cryptocurrency balances, only data exchange
- Expected to come into effect on January 1, 2026
Source: crop.nl
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
