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Europe’s Tax Hunt: What You Need to Know About DAC8 and the End of "Crypto Anonymity" in the EU
The "Wild West" era of the European crypto space is officially over. As of January 1, 2026, the key provisions of the DAC8 directive have come into full effect. If you thought blockchain transactions remained invisible to tax authorities—it’s time for a reality check.
🔍 What is DAC8?
DAC8 is the eighth amendment to the EU Directive on Administrative Cooperation. Its goal is simple: to make the crypto market as transparent to tax authorities as the traditional banking sector.
Now, all RCASPs (Reporting Crypto-Asset Service Providers, including exchanges and brokers) are required not only to perform KYC but also to automatically report data on your transactions to tax authorities annually.
📋 What exactly is being reported?
Tax authorities will now see almost everything:
Fiat-to-Crypto: Buying BTC, ETH, or other assets with EUR/USD.Crypto-to-Crypto: Swapping one coin for another (yes, in many jurisdictions, this is a taxable event!).Transfers to "Cold Storage": Withdrawals to non-custodial wallets (like Ledger, Trezor, or Trust Wallet) are now under close supervision.
🪪 What data are platforms collecting?
Be prepared for exchanges to request and verify:
Your country of tax residence.Tax Identification Number (TIN) — the primary marker for automatic data exchange.For legal entities: Data on Ultimate Beneficial Owners (UBOs)—hiding behind offshore shells is no longer an option.
⚠️ Risks for the "Forgetful" Investor
The data exchange system is automated. Any discrepancy between your tax filing and the data provided by the exchange is a "red flag" for the authorities. This could lead to:
Back Taxes and Penalties: You will have to pay taxes for past periods along with heavy financial sanctions.Account Freezes: Suspicious activity (e.g., mass withdrawals to unidentified wallets) may lead to account locks.Criminal Liability: In significant amounts, tax evasion can be reclassified as money laundering.
💡 What should an investor do?
Keep Records: Use crypto tax software or regularly export your trade history.Verify Your Status: Ensure your exchange profile has the correct TIN and residency info.Don't Panic: Transparency is a sign of market maturity. It paves the way for institutional capital and better investor protection.
Summary: DAC8 isn't the end of crypto; it's the end of the illusion that crypto is a tax haven in Europe. Play by the rules to keep your assets safe.
#DAC8 #CryptoTax #EU #BinanceSquare #Regulation
{spot}(USDEUSDT)
🔍 What is DAC8?
DAC8 is the eighth amendment to the EU Directive on Administrative Cooperation. Its goal is simple: to make the crypto market as transparent to tax authorities as the traditional banking sector.
Now, all RCASPs (Reporting Crypto-Asset Service Providers, including exchanges and brokers) are required not only to perform KYC but also to automatically report data on your transactions to tax authorities annually.
📋 What exactly is being reported?
Tax authorities will now see almost everything:
Fiat-to-Crypto: Buying BTC, ETH, or other assets with EUR/USD.Crypto-to-Crypto: Swapping one coin for another (yes, in many jurisdictions, this is a taxable event!).Transfers to "Cold Storage": Withdrawals to non-custodial wallets (like Ledger, Trezor, or Trust Wallet) are now under close supervision.
🪪 What data are platforms collecting?
Be prepared for exchanges to request and verify:
Your country of tax residence.Tax Identification Number (TIN) — the primary marker for automatic data exchange.For legal entities: Data on Ultimate Beneficial Owners (UBOs)—hiding behind offshore shells is no longer an option.
⚠️ Risks for the "Forgetful" Investor
The data exchange system is automated. Any discrepancy between your tax filing and the data provided by the exchange is a "red flag" for the authorities. This could lead to:
Back Taxes and Penalties: You will have to pay taxes for past periods along with heavy financial sanctions.Account Freezes: Suspicious activity (e.g., mass withdrawals to unidentified wallets) may lead to account locks.Criminal Liability: In significant amounts, tax evasion can be reclassified as money laundering.
💡 What should an investor do?
Keep Records: Use crypto tax software or regularly export your trade history.Verify Your Status: Ensure your exchange profile has the correct TIN and residency info.Don't Panic: Transparency is a sign of market maturity. It paves the way for institutional capital and better investor protection.
Summary: DAC8 isn't the end of crypto; it's the end of the illusion that crypto is a tax haven in Europe. Play by the rules to keep your assets safe.
#DAC8 #CryptoTax #EU #BinanceSquare #Regulation
{spot}(USDEUSDT)
How To Cash Out Crypto In Dubai, TAX FREE #Taxes
CHAPTERS
00:00 Intro
00:20 Option No1
02:48 Option No2
03:52 Option No3
04:53 Outro
$BTC $ETH $XRP
CHAPTERS
00:00 Intro
00:20 Option No1
02:48 Option No2
03:52 Option No3
04:53 Outro
$BTC $ETH $XRP
BeInCrypto DE
--
Japanese Investors Leave Crypto – Not Due to Volatility, but for This Reason
A recent survey shows that Japanese investors are withdrawing from the crypto market, not due to price volatility, but because of complex tax requirements.
The Japanese financial planning platform 400F surveyed 894 participants nationwide in November regarding their cryptocurrency habits. Among former crypto holders, 22.2 percent stated that difficulties with the tax system were the main reason for their exit. This surpassed price fluctuations, as only 19.4 percent of former investors cited volatility as the primary reason for leaving the crypto space.
The Japanese financial planning platform 400F surveyed 894 participants nationwide in November regarding their cryptocurrency habits. Among former crypto holders, 22.2 percent stated that difficulties with the tax system were the main reason for their exit. This surpassed price fluctuations, as only 19.4 percent of former investors cited volatility as the primary reason for leaving the crypto space.
💸 Billionaire Bill Miller IV is like, "Hold up, taxing Bitcoin? 🤔 No way, José! 😂" He's all, "It doesn't make a ton of sense" 🙅♂️. Guess he's a Bitcoin believer 💻! Bill's got the $$$ to know a thing or two about taxes 💸.
$BTC
#Bitcoin❗ #Taxes #Billionaires 🤓
$BTC
#Bitcoin❗ #Taxes #Billionaires 🤓
#XRPETF Tariffs are taxes on imports/exports imposed by governments to regulate trade. #Tariffs #Trade #Economy #ImportExport #GlobalTrade #Taxes
How is government gonna find out about my Crypto and how much profit I made from it?
Governments track #crypto via KYC exchanges, bank transfers, and blockchain analysis. P2P trades & creative loopholes (like skins/gift cards) offer some privacy but aren't foolproof. Stay informed, diversify, and stay compliant! 🌐💰 #Cryptocurrency #Blockchain #Taxes
$BTC $ETH $XRP
$BTC $ETH $XRP
🚨 Trump’s economic agenda heats up:
🔹 Major tariffs incoming
🔹 Historic tax cuts in the works, per WH’s Karoline Leavitt
🇺🇸 2025 is shaping up to be a pivotal year for U.S. markets!
#Trump2025 #Taxes #Crypto #Finance #BreakingNews
🔹 Major tariffs incoming
🔹 Historic tax cuts in the works, per WH’s Karoline Leavitt
🇺🇸 2025 is shaping up to be a pivotal year for U.S. markets!
#Trump2025 #Taxes #Crypto #Finance #BreakingNews
See original
Cryptocurrencies? What the tax agency doesn't want you to know. Taxation 2024
Author:
Marco Musumeci D'Agata
Economist and DeFi Specialist
5 minute read - March 21, 2024
Starting in 2024, the Tax Agency requires that you inform it about the balance of your cryptocurrencies and if you do not do so, it will fine you.
In this article we are going to discuss tax obligations within a centralized economy (our daily life) and their total absence within decentralized finance, providing the reader with the necessary information to avoid making mistakes.
Marco Musumeci D'Agata
Economist and DeFi Specialist
5 minute read - March 21, 2024
Starting in 2024, the Tax Agency requires that you inform it about the balance of your cryptocurrencies and if you do not do so, it will fine you.
In this article we are going to discuss tax obligations within a centralized economy (our daily life) and their total absence within decentralized finance, providing the reader with the necessary information to avoid making mistakes.
WeFi’s CEO says it’s Japan’s rigid and slow crypto regulations, not taxes, that are pushing developers and capital abroad.
#Wefi #JapanCrypto #CryptoRegulationBattle #Taxes #CEO
#Wefi #JapanCrypto #CryptoRegulationBattle #Taxes #CEO
In Italy, cryptocurrency transactions are subject to taxation. As of January 1, 2025, capital gains from crypto assets are taxed at a rate of 26%, with the exemption for gains under €2,000 removed.
The European Union's Markets in Crypto-Assets (MiCA) regulation, effective from December 2024, introduces comprehensive rules for crypto assets, including stablecoins. MiCA aims to enhance transparency and consumer protection across member states.
Converting cryptocurrencies into DAI is currently permitted in Italy because DAI is a decentralized stablecoin, pegged to the US dollar and backed by overcollateralized assets through the MakerDAO protocol. The MiCA (Markets in Crypto-Assets) regulation, effective in late 2024, will standardize the treatment of stablecoins across Europe. Until then, DAI remains compliant as a non-custodial stablecoin under current Italian regulations.
It's essential to comply with tax regulations and report all crypto-related activities accurately. Consulting with a tax professional can provide personalized advice tailored to your situation.
#Taxes #italy
The European Union's Markets in Crypto-Assets (MiCA) regulation, effective from December 2024, introduces comprehensive rules for crypto assets, including stablecoins. MiCA aims to enhance transparency and consumer protection across member states.
Converting cryptocurrencies into DAI is currently permitted in Italy because DAI is a decentralized stablecoin, pegged to the US dollar and backed by overcollateralized assets through the MakerDAO protocol. The MiCA (Markets in Crypto-Assets) regulation, effective in late 2024, will standardize the treatment of stablecoins across Europe. Until then, DAI remains compliant as a non-custodial stablecoin under current Italian regulations.
It's essential to comply with tax regulations and report all crypto-related activities accurately. Consulting with a tax professional can provide personalized advice tailored to your situation.
#Taxes #italy
#TrumpTaxCuts
BREAKING:
Donald Trump just dropped a BOMB on U.S. taxes and markets — and it’s HUGE!
Here’s what you need to know:
(THREAD) 🧵🚨
1/
Trump announced MASSIVE income tax cuts today.
For millions of Americans, income tax could be ZERO!
(Yes, zero.)
🇺🇸💸
2/
How’s he paying for it?
➡️ New TARIF system!
Foreign goods = higher tariffs
American paychecks = WAY LESS tax
📈🛍️
3/
Market Reaction?
🔥 $TRUMP-backed assets are SURGING
🔥 Political-themed tokens are on fire
🔥 Sentiment = ULTRA bullish
4/
People are losing it online:
"Zero taxes? I’m quitting my job and trading $TRUMP full time!"
"Best announcement EVER!"
😂💬
5/
Summary:
New tariffs fund giant tax cuts
Millions could owe NO federal taxes
$TRUMP assets blasting off 🚀
6/
Love him or hate him — Trump just flipped the script.
Are you ready for ZERO income tax?!
👀💥
(END)
#Trump
#Taxes
#Crypto
#BreakingNews
BREAKING:
Donald Trump just dropped a BOMB on U.S. taxes and markets — and it’s HUGE!
Here’s what you need to know:
(THREAD) 🧵🚨
1/
Trump announced MASSIVE income tax cuts today.
For millions of Americans, income tax could be ZERO!
(Yes, zero.)
🇺🇸💸
2/
How’s he paying for it?
➡️ New TARIF system!
Foreign goods = higher tariffs
American paychecks = WAY LESS tax
📈🛍️
3/
Market Reaction?
🔥 $TRUMP-backed assets are SURGING
🔥 Political-themed tokens are on fire
🔥 Sentiment = ULTRA bullish
4/
People are losing it online:
"Zero taxes? I’m quitting my job and trading $TRUMP full time!"
"Best announcement EVER!"
😂💬
5/
Summary:
New tariffs fund giant tax cuts
Millions could owe NO federal taxes
$TRUMP assets blasting off 🚀
6/
Love him or hate him — Trump just flipped the script.
Are you ready for ZERO income tax?!
👀💥
(END)
#Trump
#Taxes
#Crypto
#BreakingNews
#TrumpTaxCuts
BREAKING:
Donald Trump just dropped a BOMB on U.S. taxes and markets — and it’s HUGE!
Here’s what you need to know:
(THREAD) 🧵🚨
1/
Trump announced MASSIVE income tax cuts today.
For millions of Americans, income tax could be ZERO!
(Yes, zero.)
🇺🇸💸
2/
How’s he paying for it?
➡️ New TARIF system!
Foreign goods = higher tariffs
American paychecks = WAY LESS tax
📈🛍️
3/
Market Reaction?
🔥 $TRUMP-backed assets are SURGING
🔥 Political-themed tokens are on fire
🔥 Sentiment = ULTRA bullish
4/
People are losing it online:
"Zero taxes? I’m quitting my job and trading $TRUMP full time!"
"Best announcement EVER!"
😂💬
5/
Summary:
New tariffs fund giant tax cuts
Millions could owe NO federal taxes
$TRUMP assets blasting off 🚀
6/
Love him or hate him — Trump just flipped the script.
Are you ready for ZERO income tax?!
👀💥
(END)
#TRUMP #Taxes #cryptouniverseofficial #breakingnews
BREAKING:
Donald Trump just dropped a BOMB on U.S. taxes and markets — and it’s HUGE!
Here’s what you need to know:
(THREAD) 🧵🚨
1/
Trump announced MASSIVE income tax cuts today.
For millions of Americans, income tax could be ZERO!
(Yes, zero.)
🇺🇸💸
2/
How’s he paying for it?
➡️ New TARIF system!
Foreign goods = higher tariffs
American paychecks = WAY LESS tax
📈🛍️
3/
Market Reaction?
🔥 $TRUMP-backed assets are SURGING
🔥 Political-themed tokens are on fire
🔥 Sentiment = ULTRA bullish
4/
People are losing it online:
"Zero taxes? I’m quitting my job and trading $TRUMP full time!"
"Best announcement EVER!"
😂💬
5/
Summary:
New tariffs fund giant tax cuts
Millions could owe NO federal taxes
$TRUMP assets blasting off 🚀
6/
Love him or hate him — Trump just flipped the script.
Are you ready for ZERO income tax?!
👀💥
(END)
#TRUMP #Taxes #cryptouniverseofficial #breakingnews
🚨 LOTTERY REALITY CHECK 💰😳
A $2.04 billion jackpot sounds like instant billionaire status. The reality is very different.
With a lump-sum payout and taxes deducted, the winner reportedly received only about $628 million. That is less than one-third of the headline prize.
• Advertised jackpots are based on annuity values
• Lump-sum cash options are far lower
• Federal and state taxes take a massive cut
Big wins still change lives, though the “billionaire” label rarely survives the fine print.
#Lottery #MarketRebound #Finance #wealth #Taxes
A $2.04 billion jackpot sounds like instant billionaire status. The reality is very different.
With a lump-sum payout and taxes deducted, the winner reportedly received only about $628 million. That is less than one-third of the headline prize.
• Advertised jackpots are based on annuity values
• Lump-sum cash options are far lower
• Federal and state taxes take a massive cut
Big wins still change lives, though the “billionaire” label rarely survives the fine print.
#Lottery #MarketRebound #Finance #wealth #Taxes
🚨 KUDLOW: "President Trump is cutting taxes, slashing regulations, boosting energy, and lowering costs!" 🇺🇸
📊 Will this fuel economic growth or spark new debates?
#Trump #Economy #Taxes #FairTrade #TrumpTariffs
📊 Will this fuel economic growth or spark new debates?
#Trump #Economy #Taxes #FairTrade #TrumpTariffs
Florida: The Leader in Cryptocurrency Tax Friendliness in the USA
Florida has emerged as the most tax-friendly state in the USA for cryptocurrencies. Thanks to the absence of state income tax and pro-cryptocurrency policies, Florida surpasses other states, including New York, which has one of the highest income tax rates at 10.9% and requires a BitLicense.
Florida Named "Best State" for Cryptocurrency Tax Purposes
According to a recent study by CoinLedger, Florida ranks as the most tax-friendly state for #cryptocurrencies in the United States, while New York is positioned at the opposite end of the spectrum.
Key Factors to Florida's Success
The study, published on January 22nd, revealed that Florida achieved this status through a combination of no state income tax and policies supportive of cryptocurrencies. These policies include a pilot program that allows businesses to pay state fees in cryptocurrencies.
How Other States Compare with Florida
Following Florida are Texas and Wyoming, which also have no state income tax and support crypto-friendly policies, including allowing banks to act as crypto custodians. Nevada and Arizona also rank high, with zero and low tax rates on cryptocurrencies, respectively.
The Importance of Understanding Local Tax Policies for Investors
David Kemmerer, CEO of CoinLedger, emphasizes the importance of being aware of local tax regulations for crypto investors, who could lose thousands of dollars due to different state tax rates.
California and Other States with Higher Tax Rates
California is the second-worst state for cryptocurrency tax purposes, followed by Hawaii, Massachusetts, and New Jersey, with high income tax rates. Hawaii also requires all exchanges in the state to obtain a special license.
Recent Changes in IRS Policy
The IRS (Internal Revenue Service) recently announced that it will temporarily postpone some of its cryptocurrency tax rules, including exempting businesses from reporting #crypto transactions over $10,000, until an updated framework is issued.
#taxes
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Florida Named "Best State" for Cryptocurrency Tax Purposes
According to a recent study by CoinLedger, Florida ranks as the most tax-friendly state for #cryptocurrencies in the United States, while New York is positioned at the opposite end of the spectrum.
Key Factors to Florida's Success
The study, published on January 22nd, revealed that Florida achieved this status through a combination of no state income tax and policies supportive of cryptocurrencies. These policies include a pilot program that allows businesses to pay state fees in cryptocurrencies.
How Other States Compare with Florida
Following Florida are Texas and Wyoming, which also have no state income tax and support crypto-friendly policies, including allowing banks to act as crypto custodians. Nevada and Arizona also rank high, with zero and low tax rates on cryptocurrencies, respectively.
The Importance of Understanding Local Tax Policies for Investors
David Kemmerer, CEO of CoinLedger, emphasizes the importance of being aware of local tax regulations for crypto investors, who could lose thousands of dollars due to different state tax rates.
California and Other States with Higher Tax Rates
California is the second-worst state for cryptocurrency tax purposes, followed by Hawaii, Massachusetts, and New Jersey, with high income tax rates. Hawaii also requires all exchanges in the state to obtain a special license.
Recent Changes in IRS Policy
The IRS (Internal Revenue Service) recently announced that it will temporarily postpone some of its cryptocurrency tax rules, including exempting businesses from reporting #crypto transactions over $10,000, until an updated framework is issued.
#taxes
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
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