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Report all relevant information for taxation purposes in line with the reporting standards of the EU (DAC8) and OECD (CARF). Comply with the EU-wide reporting requirements of 27+ member states and their respective regulatory needs.

DAC8: Overview & Commentary

Dr.Max Bernt

Chief Legal Officer, Blockpit AG
Download DAC8 Overview

EU Obliges Exchanges and Crypto Asset Service Providers to Share Their Users' Tax Data​

What is DAC8?

DAC8 is the eight amendment of the “Directive on Administrative Cooperation” and aims to better regulate the tax aspects of crypto assets within the EU. A main objective of DAC8 is to create uniform tax transparency between Member States through coherent disclosure obligations for providers and issuers of crypto-assets and e-money.

What do I need to do?

As a first step, you need to carry out an assessment to determine whether your business qualifies as a Crypto Asset Service Provider and falls under the scope of DAC8. The next step is to identify your obligations under the new legislation, and the impact on your day-to-day operations.

Who is affected?

All organizations that service customers in the EU by processing crypto transactions, such as crypto exchanges, broker intermediaries and crypto ATMs. Also non-EU based organizations that operate in Europe, might be affected by the DAC8 directive. Please check our FAQ section for a detailed legal definition.

How can Blockpit help?

Our experts help you to identify the impact of DAC8 on your business and how you can benefit from the Blockpit DAC8 solution.

Why Blockpit?

We bring confidence to the financial system of the future


Blockpit has been in the virtual asset reporting market since 2017 to provide clarity and certainty to people and institutions.

Ease of Integration

We offer a well documented single-call API, real-time calculation and high scalability.

Made in Europe

Closed server-system in Austria with State-of-the-art encryption methodologies and GDPR measures applied.

Close Regulatory Ties

We are leading the DAC8 working group at INATBA working directly with policy makers of the EU.

Make Your Business Ready for DAC8​

EU legislation on the tax reporting of customer transactions is constantly evolving. Blockpit helps you understand and implement DAC8 requirements.

Frequently Asked Questions

Find answers to your most burning questions about DAC8

Who is considered a crypto asset service provider (CASP)?

Any natural person, legal entity or undertaking (i) whose occupation or business is the provision of one or more cryptoasset services to third parties on a professional basis, (ii) that has been authorised within the EU, and (iii) has a registered office in a Member State where they carry out at least part of their crypto-assets services.
Such ‘crypto-asset services’ incude:
(a) the custody and administration of crypto-assets on behalf of third parties;
(b) the operation of a trading platform for crypto-assets;
(c) the exchange of crypto-assets for funds;
(d) the exchange of crypto-assets for other crypto-assets;
(e) the execution of orders for crypto-assets on behalf of third parties;
(f) placing of crypto-assets;
(g) the reception and transmission of orders for crypto-assets on behalf of third parties
(h) providing advice or portfolio managament in cryptoassets;
(j) providing transfer services for crypto-assets on behalf of third partiesFor clarity, CASPs that provide crypto-asset services on a cross-border basis are not required to have a physical presence in the territory of every host Member State.

What is the difference between a crypto asset service provider (CASP) and a virtual asset service provider (VASP)?

The term Virtual Asset Service Provider (VASP) is defined by the Financial Action Task Force (FATF) which is an independent inter-governmental body within the OECD that develops and promotes policies to protect the global financial system against money laundering and corruption. The EU is a member of the FATF and implements its regulations.
On the other hand, the term Crypto Asset Service Provider (CASP) is defined in the Markets in Crypto-Assets Regulation (MiCA) and is similar but broader in scope than the definition of a VASP to ensure it covers more use cases of crypto-asset services. Providers of crypto-assets in the EU will be subject to the defintion of CASPs.

What is the difference between the markets in cryptoassets regulation (MiCA) and DAC8?

While MiCA constitutes the legal framework for the regulation of crypto-assets and as a Regulation is directly applicable in the EU member states, DAC8 is primarily intended to regulate the exchange of tax-relevant information between CASPs and national tax authorities and, as a Directive, requires implementation through national laws in each member state.