Brief overview
DAC8 provides for automatic exchange of information on
crypto-assets between EU countries. It is the eighth amendment of the Directive
on Administrative Cooperation in Direct Taxation.
The Directive lays down the rules and procedures for
exchanging information on crypto-asset users by implementing due diligence
procedures and reporting rules for operators active in crypto-asset
transactions and their users. The rules are based on the OECD's international
standard Crypto-Asset
Reporting Framework (CARF)
This directive covers a broad scope of crypto-assets,
building on the definitions set out in the European
Crypto-Assets Regulation (MiCA).
In addition, crypto-assets that have been issued in a
decentralised manner, as well as stablecoins, including e-money tokens and
certain non-fungible tokens (NFTs), are included within the scope of the
directive.
Malta will be transposing DAC 8 by 31st December
2025.