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The DAC8 directive has come into effect in the EU, introducing full tax transparency for the crypto market and the automatic exchange of information on crypto assets between member countries. What this means in practice: ▪️ Mandatory reporting. All crypto exchanges must provide user data to tax authorities: full name, address, TIN/IPN, tax ID, and transaction details. ▪️ Full transparency. All transactions are tracked—purchases, sales, transfers, crypto-to-fiat exchanges, crypto-to-crypto exchanges, and even transfers to "private" wallets like Ledger. ▪️ Strict KYC. Without a tax ID, exchanges are required to freeze accounts and freeze funds. ▪️ Global pressure. Exchanges outside the EU are also required to comply with DAC8, otherwise they risk being excluded from the European market. Data collection for 2026 has already begun.
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AICX ⚔️ HUB S1 · ARENA Season 1 has kicked off with a $2,000,000 prize pool. It runs until February. Don't miss out! Team code: 99DEGS Entry and project completion are $0.
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