On December 24, CoinDesk reported that the EU's new digital asset tax transparency regulations will officially come into effect on January 1, 2026, marking a significant shift in the way crypto activities are regulated across the EU.
This regulation, known as DAC8, expands the scope of the EU's long-standing tax administration cooperation framework to include crypto assets and related service providers. Under the new rule, crypto asset service providers (including trading platforms and brokers) must collect and report detailed information about users and their transactions to their national tax authorities, and this data will be shared among member state tax authorities.
For crypto users, the enforcement consequences of the new regulations are more severe. Once tax authorities discover tax evasion or avoidance, DAC8 allows local regulators to take action with the assistance of corresponding departments in other EU countries. This cross-border cooperation also includes the power to freeze or confiscate crypto assets related to unpaid taxes, even if the assets or platforms are not located in the user's jurisdiction.
