DAC 8 – Mandatory disclosure of information on crypto-assets

On December 8 2022, the European Commission published a proposal by which crypto-asset or e-money service institutions become obligated to share the crypto assets of their users to European tax authorities.


When implemented, DAC 8 will be the seventh revision of the European Directive on Administration Cooperation (DAC). As a result of this directive, reportable entities/persons are obligated to exchange information regarding taxpayers to tax authorities within the EU. This information is then also shared with other tax authorities within the EU. For example, as result of DAC 2, financial institutions within the EU are obligated to exchange information with regard to account holders. With the emergence of crypto-assets and e-money, DAC 8 is intended to modernize the scope of the current directive.


Following DAC 8, crypto-asset service providers such as crypto exchanges will be obligated to carry out know-your-client due diligence procedures with EU-clients, regardless if they themselves are located in a European jurisdiction. The proposal describes EU-clients as individuals or entities making use of crypto-asset service providers. Furthermore, crypto-asset service providers have to exchange information regarding domestic and cross-border exchanges transactions and transfers of reportable crypto-assets with the relevant tax authorities.

Next steps

The commission proposed for the directive to be applied as of January 1, 2026. A public consultation period of 8 weeks started on December 8, 2022, where stakeholders can give feedback on the proposal.

Click here to download this newsletter in pdf.

For more information, please contact:

HVK Stevens Logo

HVK Stevens professionals have legal, tax and financial knowledge and experience

HVK Stevens logo


HVK Stevens
Prins Bernhardplein 200
1097 JB Amsterdam
+31 (0)20 76 30 900


HVK Stevens Rotterdam
Westerkade 7D
3016 CL Rotterdam
+31 (0)10 32 25 200


HVK Stevens
4, Avenue Jean-Pierre Pescatore,
L-2324 Luxemburg,
Grand Duchy of Luxembourg


HVK Stevens
Landhuis Joonchi Kaya Richard
3014 Beaujon Willemstad