Fake news. The DAC8 is very very bad, but the EU has not "officially ended crypto privacy with DAC8," and it is most certainly also not "the definitive end of anonymous crypto holdings for every resident in the member states." The DAC8's main risk stems from its automated international information exchange. This means that if you are a citizen of a country with a questionable human rights record, e.g. the UAE or Turkey, who are both signatories to CARF which governs DAC8, the UAE and Turkey will automatically be informed of all txs you have made abroad. Non-custodial software, which you should be using if you want privacy in the first place, remains completely unaffected. Many of the OP's claims have also already been in force in the EU since before DAC8, s.a. requiring CASPs to identify the owners of HWWs (implemented via the Travel Rule since Jan 2025), and requiring custodians to KYC their customers (via MiCA since July 2025, though grandfathering applies). DAC8 is absolutely not good – it *does* mean that your txs & HWWs etc will automatically get reported directly to tax authorities, which effectively makes it a dragnet surveillance regulation that sidesteps the already flawed AML/CTF reporting frameworks. But calling it the end of privacy is simply not true.

Heidi
@blockchainchick
01-07
THE EU HAS OFFICIALLY ENDED CRYPTO PRIVACY WITH DAC8 As of January 1, 2026, the DAC8 law is live across the European Union. This marks the definitive end of anonymous crypto holdings for every resident in the member states. What this means for you: Automatic Reporting: Every
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