If one tax agent can already leak names and addresses to criminals, just wait until DAC8 turns Bitcoin activity into a neatly indexed spreadsheet. What could possibly go wrong?
DAC8 stands for βDirective on Administrative Cooperation 8β. Itβs part of a series of EU directives (DAC1 through DAC8) that aim to improve tax transparency and information exchange between countries. Specifically, DAC8 extends the EUβs reporting requirements to crypto-assets.