EU Ends Crypto Privacy With DAC8 Requiring Automatic Transaction Reporting to Authorities

TL;DR:

The European Union has removed cryptocurrency privacy for residents across member states with the implementation of DAC8 on January 1, 2026. The directive is the eighth amendment to the Directive on Administrative Cooperation in Direct Taxation, expanding automatic information exchange requirements...

Key Points:

Background:

Cryptocurrency markets continue to evolve with new developments affecting the broader digital asset ecosystem.

Why It Matters:

This development could influence MATIC price action and market sentiment in the near term.