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Council of the EU Announces Adoption of DAC8 Crypto Tax Reporting Rule

eurotrader | 2023-10-19 11:24

Abstract:A press release was issued by the Council of the European Union on October 17, announcing the adoption of a directive that modifies the EU regulations pertaining to administrative cooperation in the field of taxation. The directive primarily focuses on enhancing the reporting and automated exchange of information concerning income generated from transactions involving cryptocurrency assets, as well as advance tax rulings specific to high-net-worth individuals.

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A press release was issued by the Council of the European Union on October 17, announcing the adoption of a directive that modifies the EU regulations pertaining to administrative cooperation in the field of taxation. The directive primarily focuses on enhancing the reporting and automated exchange of information concerning income generated from transactions involving cryptocurrency assets, as well as advance tax rulings specific to high-net-worth individuals.

They want to enhance cooperation between national taxation authorities (DAC8), as well as strengthen the existing legislative framework. The authorities want to expand the scope for registration and reporting obligations and overall administrative cooperation of tax administrations.

“Additional categories of assets and income, such as crypto-assets, will now be covered. There will be a mandatory automatic exchange between tax authorities of information which will have to be provided by reporting crypto-asset service providers,” reads the press release.

They want to build on the definitions established in the MiCA regulations and cover a wide scope of cryptocurrency assets, including stablecoins, e-money tokens, as well as certain non-fungible tokens (NFTs).

DAC8 is interested in granting tax collectors jurisdiction for monitoring and evaluating crypto transactions carried out by individuals or entities within any other member state of the EU. DAC8 currently complies with the Crypto-Asset Reporting Framework (CARF) and the regulations specified in MiCA.

img_v2_b16b2b19-0b04-4bd6-9ba8-fbf10f93dacg.jpg
Forex trading

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Regulated
eurotrader
Company name:Eurotrade International Ltd
Score
6.55
Website:https://www.eurotrader.com/en/website-home
10-15 years | Regulated in Cyprus | Regulated in South Africa | Market Making License (MM)
Score
6.55

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FCA Warns EXOTICINVEST on 3 September 2026 with Seven Checks Before Paying

FCA warns EXOTICINVEST in a notice first published and updated on 3 September 2026. The UK regulator identifies EXOTICINVEST TRADING AND INVESTMENT FIRM and the website www.exoticinvest.ltd, stating that the firm is not authorised and may be targeting people in the UK. This is a dated regulatory warning, not a customer review or a confirmed loss report. Anyone approached through the named website should stop before paying, avoid sharing login credentials and verify the exact business independently through the FCA Firm Checker.

Original 2026-09-07 21:24

FTMO Global Markets Review for India: RBI FTMO Entry and Licence GB21027119

This FTMO Global Markets review starts with a naming problem. The RBI Alert List updated 22 October 2024 names FTMO and links to ftmo.com/en at item 13. FTMO's current contact page separately lists FTMO Global Markets in Mauritius, company ID C187370 and licence GB21027119. Its January 2025 privacy policy describes FTMO Global Markets Ltd as a Mauritius investment dealer. These records do not prove RBI authorisation for the broker domain, and they do not justify treating every FTMO-branded service as the same product or legal entity.

Original 2026-09-07 21:13

XMR Markets Review 2026: Allegations of Failed Withdrawals & Bonuses

XMR MARKETS, a South Africa-based brokerage entity, continues to face user allegations questioning the authenticity of its withdrawal processes. Some complaints also talk about bonuses failing to reflect in the traders' accounts. Users have reported these allegations on broker review platforms such as WikiFX. In this XMR MARKETS review, we have examined user complaints and provided a regulatory overview of the broker.

Original 2026-09-07 21:06

DMA Trading vs OTC Trading - Which Suits You?

Foreign exchange trading is basically of two types: Direct Market Access (DMA) and Over the Counter (OTC). Both come with their own pros and cons. It’s important to understand these two concepts before figuring out the differences between them. In this article, we will explain all of these.

Original 2026-09-05 16:30

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