2025-12-24 17:24:26

The EU regulatory authorities have recently introduced new rules. Cryptocurrency service providers operating within the EU (such as centralized exchanges, certain wallets, etc.) must now take action.

What are the specific requirements? First, these platforms must collect and verify users' real identities and tax residence. This is not optional; it is a mandatory requirement.

More importantly, starting from 2026, exchanges will be required to automatically report users' entire year's trading details to the tax authorities of each member state. Moreover, this data will be shared and exchanged among EU member countries.

What does this mean? Users' trading activities on these platforms will be brought into the view of tax authorities in various countries. For exchanges operating within the EU, compliance pressure will significantly increase. For users, the demand for tax transparency will also rise.

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ParallelChainMaxi

· 3h ago

The EU is at it again, by 2026, transaction data must be reported automatically... This means on-chain privacy is really saying goodbye I'm not surprised if exchanges start to run away, after all, compliance costs are right here What’s the deal, now even buying a coin requires real-name verification? It feels like the meaning of the chain is fading 2026 is still early, but the EU’s move is indeed ruthless, and other places will probably follow suit Wallets and exchanges all have to cooperate, ordinary users really have no privacy anymore... unless operating entirely on-chain This regulation hurts small retail investors the most, large funds have long found ways to evade it Automatic reporting of transaction details? A good idea, but it feels like it could be bypassed again someday Is the EU going to become the least suitable place for crypto trading?

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PrivacyMaximalist

· 3h ago

By 2026, there will be no privacy left. The EU's approach is truly brilliant. --- Here we go again. Might as well shut down the entire chain. --- It's over. My transaction records are going to be thoroughly exposed. --- Interconnection of tax authorities? This is just the beginning of comprehensive surveillance. --- The day of leaving EU exchanges is not far off. Who would want to be watched like this? --- KYC is already annoying enough, now I have to report automatically every year. I'm done. --- Privacy is bankrupt. European users, start migrating.

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PoetryOnChain

· 3h ago

Hurry up and shift your position before 2026. The EU is going to report all our transactions to the tax authorities.

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DisillusiionOracle

· 3h ago

Is there still a chance before 2026?

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PuzzledScholar

· 3h ago

Starting from 2026, transaction data must be reported. The EU's approach is indeed tough; there's no longer a way to hide from tax authorities. --- Here we go again, this time there's really no escape. The EU is determined to scrutinize all our transaction records thoroughly. --- I just want to know what people in EU exchanges are thinking. Anyway, I have to start calculating my accounts seriously. --- Mandatory requirements, no room for negotiation. This is the power of regulation, I suppose. --- Sharing transaction data from 2026 onwards makes privacy feel increasingly distant. It's a bit frustrating. --- With this combined approach from the EU, a truly transparent tax era has arrived. There's no way to hide anymore. --- So, trading on EU exchanges in the future is basically under tax authority surveillance. You need to be very careful with your trades. --- Member states will also share data with each other. The network is so tight that tax evasion is basically impossible. --- Again, identity verification and transaction reporting. Regulatory authorities are relentless, putting industry under immense pressure. --- But on the other hand, compliance at least allows exchanges to survive longer. It's clear what the EU's plan is.

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AirdropF5Bro

· 3h ago

Starting in 2026, the EU will require reporting of user transaction data for trading income? This is really coming, privacy is gone. Wait, if that's the case, I need to plan my holdings strategy in advance, or I might get audited and end up with nothing left but my underwear. The EU is really tough this time, pushing crypto towards traditional finance, it feels like the freedom is just gone. Damn, does that mean all my small previous trades will be exposed? Should I quickly move to an African exchange? Just kidding haha. Now centralized exchanges are even more competitive, they have to spend money on compliance, and user fees will definitely increase. Hold on, user identity information must be verified with real names? Then those who registered with fake info need to update their identities quickly, 2026 is really a death sentence. The EU is again imposing regulatory shackles on crypto assets, are there still free exchanges? I need to look for other options.

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