News

according to CoinDesk, the EU's latest digital asset tax transparency directive will take effect on January 1.The directive, known as DAC8, extends the EU's long-standing administrative cooperation framework in taxation to crypto assets and related service providers. The directive requires crypto asset service providers, including exchanges and brokers, to collect and report detailed user and transaction information to national tax authorities. Subsequently, national tax authorities will share this data among EU member states. The DAC8 directive operates alongside, but independently from, the EU's Markets in Crypto-Assets (MiCA) regulation. MiCA regulates market behavior, while DAC8 regulates tax flows. The directive takes effect from January 1, but cryptocurrency companies are granted a transition period. Service providers must complete full compliance of reporting systems, customer due diligence processes, and internal controls by July 1. Those who fail to report on time will be penalized according to national laws.

BlockBeats News, December 24th, according to CoinDesk, the latest EU digital asset tax transparency regulations will officially take effect on January 1, 2026, marking a significant shift in regulation of crypto activities across the entire EU. The regulation, known as DAC8, builds upon the EU's long-standing tax administrative cooperation framework, extending its scope to cover crypto assets and service providers. Under the new rules, crypto asset service providers (including exchanges and brokers) must collect and report detailed information about users and their transactions to their national tax authorities, which will then share this data among member state tax authorities. For crypto users, the enforcement consequences of the new rules are more severe. If tax authorities detect any tax avoidance or evasion, DAC8 allows local regulators, with assistance from corresponding departments in other EU countries, to take action. This cross-border cooperation includes the power to freeze or confiscate crypto assets related to unpaid taxes, even if the assets or platforms are not located within the user's jurisdiction.

According to Odaily, Trump has narrowed down the list of candidates for Federal Reserve Chair to four people, with Wall Street consensus believing that White House advisor Kevin Hassett will secure the position. During Trump’s first term, while serving as Chairman of the White House Council of Economic Advisers, Hassett did demonstrate a certain degree of “independence.” In his 2021 memoir, he recalled that many staff members “wanted me out of the White House from the very beginning.” If Hassett from before 2025 were to take charge of the Federal Reserve, there would be almost no opposition. However, the concern is that the Hassett who would take office would be the one from 2025. (Golden Ten Data)