EU DAC8 Crypto Tax Rules to Take Effect Jan. 1, 2026, Grant Cross-Border Enforcement Powers

The European Union's DAC8 digital asset tax transparency regime will take effect on Jan. 1, 2026, extending the bloc's administrative cooperation framework to crypto assets and service providers, CoinDesk reported on Dec. 24. Crypto service providers including exchanges and brokers must collect detailed user and transaction data and report it to domestic tax authorities, which will share the information across EU member states. DAC8 grants local regulators cross-border enforcement powers to act against suspected tax evasion with assistance from counterparts in other EU countries, including authority to freeze or confiscate crypto assets linked to unpaid taxes even when located outside the user's jurisdiction.