Important information

Important information:

The above information is for informational and general purposes only. It does not constitute tax or legal advice. For complete and individual information on how DAC8 affects your personal situation, we recommend that you contact a tax or legal advisor.
 

More info:

The European Union is introducing new tax transparency rules known as DAC8, which will impact the European crypto-asset industry. DAC8 is a new EU-wide directive aimed at increasing tax transparency for crypto-assets. Its purpose is to create a uniform reporting standard for Crypto-Asset Service Providers. To comply with DAC8, we will be legally required to collect and report information about our users who are residents in the EU. The information we will need to report to your national tax authority includes your personal identification details, such as your name, address, and Taxpayer Identification Number (TIN), a summary of your transaction activity for the year, grouped by the type of crypto-asset. This includes totals for your purchases, sales, and transfers of crypto-assets. This is a new standard requirement for all regulated crypto platforms operating within the European Union.

These new rules will take effect on January 1, 2026. This means the first reporting period will cover all transactions made during the 2026 calendar year.

Link: Details on DAC8 can be found on the European Commission website: https://taxation-customs.ec.europa.eu/taxation/tax-transparency-cooperation/administrative-co-operation-and-mutual-assistance/directive-administrative-cooperation-dac/dac8_en