The EU's new Crypto Asset Tax Transparency Directive DAC8 will come into effect on January 1, 2026, requiring crypto asset service providers, including exchanges and brokers, to collect and report user identity information and transaction data to their national tax authorities. The relevant information will then be shared among EU member states to address the previous tax reporting gaps in the crypto economy. According to the directive, crypto companies will have a transition period and must complete compliance adjustments to their reporting systems, customer due diligence processes, and internal control mechanisms by July 1 at the latest. (CoinDesk)