The End of Anonymity in Europe: DAC8 is Live! 🇪🇺🔍
As of January 2026, the DAC8 regulation has been fully implemented across the European Union, making digital asset transactions more transparent than ever.
What’s Changing?
All Crypto Asset Service Providers (CASPs) are now required to automatically report user data and transaction details to tax authorities.
This doesn't just apply to Bitcoin; NFTs and staking rewards are also covered under this framework.
My Take: While this might seem frustrating for users seeking total anonymity, these regulations help crypto shed its "underground economy" label. Major banks and funds have been waiting for this level of transparency to enter the regulated market.
Do you think this will decrease the number of users in Europe, or increase trust? 👇
#Eu #DAC8 #cryptotax #transparency #Web3News $ETH
