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.
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DAC8: obligatory reporting to tax authorities

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.

Blockpit DAC8 Solution

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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.
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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

Choose Blockpit to ensure your smooth transition to the regulatory future. Contact us to find out more.