TechFlow news, December 24 — According to CoinDesk, the EU's new tax transparency regulation, DAC8, will officially take effect on January 1, 2026, requiring all crypto-asset service providers (including exchanges and brokers) to report detailed user and transaction data to national tax authorities. The directive operates alongside the MiCA regulatory framework and aims to close tax loopholes in the crypto economy.
Crypto firms must complete compliance adjustments by July 1, 2026, or face penalties. Notably, the regulation grants tax authorities powers for cross-border cooperation, allowing them to freeze or seize relevant crypto assets when tax evasion is detected, even if those assets are located outside the user's home jurisdiction.
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