DAC8: EU's New Crypto Tax Transparency Law

DAC8, the EUs new tax transparency law for crypto assets, goes live on January 1st, requiring crypto exchanges and brokers to share user data with national tax authorities. This closes a loophole in the system, ensuring crypto activity is as transparent as traditional finance. Crypto providers have until July 1st to update their reporting systems, with penalties for non-compliance. This marks a new era of accountability for crypto users, with cross-border enforcement and potential asset seizure for tax evasion.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.