First announced: DAC8 adopted Oct 17, 2023; Member States must transpose it by Dec 31, 2025; measures apply as of Jan 1, 2026.
Submitted by: NYBACS Compliance Desk
DAC8 introduces EU-wide reporting for crypto-asset transaction data — adopted Oct 17, 2023.
EU countries must transpose DAC8 by Dec 31, 2025; provisions apply from Jan 1, 2026.
Crypto platforms and service providers should build reporting and identity checks now.
What changed: The EU adopted DAC8 (a further amendment to the administrative cooperation directive) to bring crypto-asset transaction reporting and related automated exchanges into the EU transparency framework. DAC8 was adopted in October 2023; Member States are required to transpose the Directive into national law by 31 December 2025, with most provisions applying from 1 January 2026.
Who’s affected: Crypto-asset service providers, virtual asset platforms, custodians, exchanges and any intermediary facilitating crypto transactions in the EU.
Immediate actions
- Assess which services fall under DAC8 definitions and capture required identity data (KYC/TIN).
- Upgrade reporting systems to meet the expected exchange schema and retention rules.
- Coordinate with finance, legal and IT teams to test exports and secure APIs for data exchange.
Practical notes: National transposition quality and timing vary; some Member States may publish draft bills late — but platforms cannot wait until national law is final. Begin technical scoping and stakeholder mapping immediately.
