#Strategy加仓BTC 🔔 Global Cryptocurrency Regulations Welcome New Unified Standards
The EU DAC8 Directive and OECD CARF Agreement are linked, covering 48 jurisdictions. July 1st is a critical milestone—cryptocurrency service providers must submit user transaction data and holdings information to tax authorities.
There are several details worth noting about this wave of regulation:
**Scope of Compliance**: Exchanges and wallet service providers are all included. Non-custodial wallets are temporarily exempt, but don’t celebrate too early—cross-border transfers of €10,000 or more require the recipient to proactively report.
**What about $BTC and $ETH **? If your holdings are on compliant platforms, data is automatically reported, and you just need to meet local tax obligations. Want to use non-custodial wallets to evade? You need to keep clear transaction records and sources. If audited and caught, the explanation costs will be higher.
**Suggestion**: Take stock of your crypto asset distribution, organize transaction receipts and cost statements in advance. For cross-border operations, remember to keep good records—when regulation arrives, a clear ledger will save you trouble.
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LiquidityWizard
· 01-20 08:16
honestly, the 48 jurisdiction coordination is statistically significant here—contrary to popular belief, this actually *tightens* the noose rather than just creating theater. the 10k eur threshold math is where it gets spicy tho ngl
Reply0
BridgeTrustFund
· 01-19 20:05
Oh no, the thing on July 1st is really happening. Looks like I need to seriously organize my ledger.
View OriginalReply0
AlwaysQuestioning
· 01-19 06:58
Another issue with the tax bureau? You need to get your books in order, or it will be tough to handle an audit after July 1st.
View OriginalReply0
blockBoy
· 01-17 13:30
Oh no, we really can't run anymore. Better to honestly pay taxes.
View OriginalReply0
rugpull_ptsd
· 01-17 13:29
Wow, is this really happening on July 1st? I need to quickly get the accounts sorted out.
View OriginalReply0
StakeWhisperer
· 01-17 13:26
They're forcing me to pay taxes again. It feels like the whole world is teaming up against us.
View OriginalReply0
MetaMisfit
· 01-17 13:23
Damn, July 1st is really coming, I need to quickly review my ledger.
View OriginalReply0
GateUser-e19e9c10
· 01-17 13:12
Oh, no. If it's over 10,000 euros, you have to report it yourself. This is forcing us all to go fully on-chain and transparent.
View OriginalReply0
SwapWhisperer
· 01-17 13:04
Hmm... Looks like I need to get a clear understanding of all the private keys.
Brothers, hurry up and do a self-audit, July 1st is really coming.
Non-custodial wallets can't hide either; transfers over 10,000 euros must be reported.
Now BTC will have to stay in the sunlight.
Should I reorganize the ledger again?
The tax bureau is requesting data, everyone, no more lucking out.
View OriginalReply0
DancingCandles
· 01-17 13:02
Oh no, July 1st has really arrived. Now I have to honestly organize my accounts.
Another wave of regulation, non-custodial wallets may seem exempt on the surface, but they can't really escape it. The cross-border limit of 10,000 euros is a bit ironic.
Transaction records must be kept clear and detailed, or it will be troublesome if audited. It feels like the freedom has been slightly reduced.
#Strategy加仓BTC 🔔 Global Cryptocurrency Regulations Welcome New Unified Standards
The EU DAC8 Directive and OECD CARF Agreement are linked, covering 48 jurisdictions. July 1st is a critical milestone—cryptocurrency service providers must submit user transaction data and holdings information to tax authorities.
There are several details worth noting about this wave of regulation:
**Scope of Compliance**: Exchanges and wallet service providers are all included. Non-custodial wallets are temporarily exempt, but don’t celebrate too early—cross-border transfers of €10,000 or more require the recipient to proactively report.
**What about $BTC and $ETH **? If your holdings are on compliant platforms, data is automatically reported, and you just need to meet local tax obligations. Want to use non-custodial wallets to evade? You need to keep clear transaction records and sources. If audited and caught, the explanation costs will be higher.
**Suggestion**: Take stock of your crypto asset distribution, organize transaction receipts and cost statements in advance. For cross-border operations, remember to keep good records—when regulation arrives, a clear ledger will save you trouble.