According to a report by CoinDesk on December TechFlow, the EU's new tax transparency regulation DAC8 will officially come into effect on January 1, 2026, requiring all crypto asset service providers (including exchanges and brokers) to report detailed user and transaction data to national tax authorities. This directive operates in parallel with the MiCA regulatory framework and aims to eliminate tax loopholes in the crypto economy.
Crypto businesses must complete compliance adjustments by July 1, 2026, or face penalties. It's worth noting that this regulation grants tax authorities cross-border cooperation powers, allowing them to freeze or seize related crypto assets upon discovering tax evasion, even if these assets are located outside the user's home country's jurisdiction.
