DAC8 reporting explained: what it means for crypto users and why self-custody matters
DAC8 is a new EU regulatory framework that introduces mandatory crypto transaction reporting for centralized service providers to improve tax transparency. It applies mainly to exchanges, custodial wallets, and intermediaries, requiring them to collect user data, track activity, and share it with tax authorities. Self-custodial wallets operate differently, giving users full control over their assets while leaving tax reporting responsibility with the individual.
