- New EU regulations on crypto-asset transactions start in 2026, requiring mandatory reporting.
- Affected entities include platform operators, token issuers, wallet providers, and crypto exchanges.
- DAC8 is the eighth amendment to Directive 2011/16/EU, focusing on tax information exchange.
- Previous amendments aimed to prevent tax evasion and ensure accurate taxpayer liability.
- DAC8 extends reporting obligations to crypto-asset market entities.
- Affected parties include crypto exchanges, wallet providers, token platforms, and intermediaries.
- DAC8 introduces the term Reporting Crypto-Asset Service Provider with a broad scope.
- Non-EU providers serving EU residents must register in an EU Member State.
- Reportable activities include crypto acquisition, exchange, transfers, and intermediary transactions.
- Both cross-border and domestic transactions are reportable.
- Entities must submit annual reports with user identification and transaction data.
Source: mddp.pl
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.
