TechFlow news, according to CoinDesk, EU finance ministers on Tuesday formally adopted new rules allowing tax authorities to share individuals' cryptocurrency holdings data. The document will be published in the Official Journal of the European Union and enter into force 20 days later. Known as the eighth Directive on Administrative Cooperation (DAC8), this law mandates crypto firms to report customer holding information, which will then be automatically shared among tax authorities.
DAC8, first proposed last year, applies to various digital assets including stablecoins, NFTs, DeFi tokens, and crypto staking rewards.




