As of 1 January 2026, the EU’s DAC8 directive officially entered in effect. 🇪🇺⚖️ The era of "under the radar" crypto-asset transactions for EU residents is closing. DAC8 introduces a mandatory exchange of information between tax authorities, targeting transparency across the board. What this means for #Fintechs and Crypto Asset Service Providers (CASPs): - Mandatory Reporting: You must now collect and report transaction data on all EU-resident clients. - Broad Scope: This includes bitcoin, other crypto-assets, e-money, and CBDCs. - Global Reach: It applies to service providers regardless of size if they serve EU customers. The goal is transparency, but the burden is on builders to ensure their systems meet these reporting standards. Don't wait for an audit. We offer DAC8 Gap Analysis and Consultation Sessions to help you identify what's missing in your data pipelines and get your operations ready. Interested in a deep dive into your firm's readiness? 👇 DM us to book a session. #DAC8 #TaxTransparency #Crypto #Fintech #Compliance #Regulation #Bitcoin #SimonConsulting