🇪🇺 The European Union has launched DAC8 - a mechanism for the automatic exchange of tax information on crypto assets between EU countries.
What does this mean in reality - without embellishments and extra words:
🔍 Now tax authorities will automatically receive information without requests and shows:
your balances;
transaction history;
profits / losses;
transfers between wallets and platforms;
identification of the owner.
This will work through exchanges, fintech platforms, wallet providers, even DeFi infrastructure.
That is, if you trade, hold, exchange, withdraw in Europe — this is now as transparent as glass.
❓ Who does this concern?
✔ EU residents — obviously.
✔ Non-residents using European exchanges or services.
✔ Ukrainians who have accounts, businesses, or operations in the EU.
And so, the integration of Ukraine with the European financial space is just a matter of time, so preparation should not be 'later', but right now.
🧨 Why is this a problem for many?
Because the old reality is ending:
❌ “I'm on Binance, who will find me?”
❌ “I have a cold wallet, everything is fine”
❌ “Well, it's crypto, not banks”
Now it looks like this:
👉 Automatic data transfer
👉 Without your consent
👉 In 'no hiding' mode
⚠️ Ukraine: the road in the same direction
I have already written in this series "Cryptocurrency as a path to financial freedom" that:
an automatic exchange of tax information is being prepared;
digital platforms are already 'under the lid';
the crypto market is moving towards legalization = towards transparency
DAC8 is a mirror of Ukraine's future.
Whoever prepares will survive.
Those who play 'invisibility' will face problems.
🛡 What should a crypto enthusiast do right now?
Do not panic — act.
✔ 1️⃣ Start living 'legally'
If you have a history of transactions — keep, structure, prepare.
The best protection today is honest reporting.
✔ 2️⃣ Keep records
Documents, history, screenshots, statements — now this is not paranoia, but survival.
✔ 3️⃣ Do not flaunt crypto wealth
Once again:
📢 “I am a crypto millionaire!”
📢 “Tax office, hello, I'm here!”
✔ 4️⃣ Diversify
One wallet? One tax jurisdiction? One response scenario?
This is already dangerous.
🎯 The conclusion is simple
Europe told crypto:
“Welcome to the civilized world. Transparent. Managed. Taxed.”
This is not the end of crypto. This is the end of the wild crypto frontier.
Now those who are strong, disciplined, and prepared will survive.
I will continue to explain this new reality and help the community not just survive — but win. Therefore:
👉 subscribe to @MoonMan567
👉 follow the series 'Cryptocurrency as a path to financial freedom'
👉 do not get caught off guard
