Starting from January 1, 2026, crypto companies serving EU residents will begin collecting tax data in accordance with DAC8 regulations. However, the rumors circulating on social media claiming that the EU has “ended crypto privacy” are exaggerated.
According to the European Commission’s guidelines, 2026 will mainly be a phase of system development and data collection. The first full report is only due in 2027, with a deadline of September 30, 2027. DAC8 focuses on expanding tax monitoring capabilities within the scope of regulated crypto service providers, without banning self-custody.
The regulation requires reporting of crypto–fiat, crypto–crypto transactions, and transfers, including withdrawals from exchanges to self-custody wallets. However, DAC8 does not mandate real-time detailed transaction histories but applies periodic annual reports with a certain level of aggregation.
The greater enforcement impact is expected to occur when large-scale cross-border data reconciliation begins in 2027.
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