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EU’s DAC8 Crypto Tax Law Is Now in Force

EU’s DAC8 Crypto Tax Law Is Now in Force

Author:

Global Cryptocurrency

Published:

2026-01-19 13:59:01

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BTCCSquare news:

The EU's DAC8 crypto tax reporting mandate took effect January 1, eliminating anonymous transactions. Crypto exchanges must now collect and report user identities (name, address, tax ID) alongside transaction details to national authorities.

This applies to all major exchanges including Binance, Coinbase, and Bybit. The regulation covers major cryptocurrencies like BTC, ETH, and stablecoins but doesn't create new taxes—it enhances existing tax enforcement mechanisms.

Notably, transfers to private wallets (Ledger, MetaMask) now trigger reporting requirements. Market analysts anticipate this will accelerate institutional adoption while potentially dampening retail speculative activity.

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