Enjoy your last 4 months of crypto ‘privacy’ boys. Starting Jan 2026, the EU is rolling out DAC8 aka CARF with lipstick. Every exchange (even non-EU ones) will be forced to snitch on your wallets to Brussels, who will then share it across every tax office in Europe
Nothingburger, EU is a poor irrelevant bureaucracy. If yuropoors had balls or money they wouldn't comply with any jewish KYC requirements.
if all europoors self custody there'll be 20 less btc on cexes for them to manipulate the market with
Europoors are pathetic. Visited Rome in July and it was a shithole full of beggars, graffiti, beg, drug addicts... disgusting
>>60874293>Every exchange (even non-EU ones)How does this work? Why would non-EU exchanges have to add a layer of administrative hurdle to comply with EU law?
Oh, nevermind, this is only starting in the EU because they're the first to write CARF into law. CARF itself is not an EU but an OECD agreement and it will eventually be implemented by every signatory including the US.Turkey didn't sign it though so you can try your luck on a Turkish exchange lol.
Yeah but that rule is from 2026 onwards. Like dac7 was from 2023 onwards.DELETE YOUR ACCOUNTS NOW before the exchanges ask for tax id.Liquidity on DEXes will get up in 2026 for sure
>>60874293>Every exchange (even non-EU ones)lol, nojust use a foreign exchange not registered in the eu, problem solved.good, high quality fud though, good job op.
>>60874469wow, luckily there is no fentanyl, niggers, mexicans and hobos in the us!
>>60874469Must've felt like home.
>>60874293Aw sweet another OCPD demoralisation thread
>>60874536>How does this work? Why would non-EU exchanges have to add a layer of administrative hurdle to comply with EU law?it doesnt, only exchanges that want to grow in the eu by directly advertising to eu cucks need to worry about this.if the exchange doesnt advertise in the eu it can continue serving eu customers disregarding eu threats.see recent uk vs 4chan lawsuit.the us is the last bastion for capitalism and freedom it seems.well, the eu has never been big on those, now that i think about it.be alert for warnings that your exchange is gonna comply with eu bullshit, the first step is the mica bullshit, if they start with that take your funds out becaus they will eventually comply with carf/dac8.
>>60874556>will eventually be implemented by every signatory including the US.same way crs is implemented by the us? one way only? kek
Oh boy I can't wait for kraken to send my billions of transactions flipping shitcoin futures to the Greek tax offices and then expect them to make sense of any of thatCrypto isnt taxed in Greece solely due to government incompetence, look it up
>>60875036amazing, im moving to greece
>>60874293Sooo if i get rid of everything in 2025 and have nothing left on those exchange wallets by the time this law begins i am fine r right??
>>60875033One way in the sense that US-based traders will not have their earnings reported to European tax authorities. If this is implemented in a similar way to CRS it will just mean a European trader using a US based exchange will not be reported on to their country tax authority, but the US will still require its own exchanges to report on all their US customers to the IRS.
Well, too bad there are ways to anonymize crypto bought on a CEX, while DEXes cannot be regulated like that...>>60874879DEXes don't allow you to onboard from fiat though.
>>60875079idk about your cunt, but the statute of limitations is 5 years in mine.IF your local tax authority demands those records the exchange sends them.with carf they will report automatically in 2027 whatever you did during 2026, but not earlier.if they want your previous activity they have to ask for it.>>60875115that would make sense, i doubt the us is gonna give up part of their sovereignty to a foreign bureaucracy.
>>60875129>DEXes don't allow you to onboard from fiat though.neither offboard to fiat, you are stuck in cryptoland .
>>60875146This would be problematic even through a CEX because banks apparently don't like crypto money. And even if you did it like that, that would immediately highlight undeclared earnings to your tax office.
>>60875151yeah>youcantwithdraw.jpeg
>>60875146Bro your 5 million dollars worth of google gift cards?
>>60875146the point is to lie within reason about what you have, not to make your $5M look like $0
>>60875161noh, just 300k
>>60875024>if the exchange doesnt advertise in the eu it can continue serving eu customers disregarding eu threats.You think you're safe swapping sats on some island based CEX? Good luck when you try to off-ramp. every time you touch fiat, your transfer gets cross-checked against the new EU's tax database. your bank will just freeze or revert the transaction if is not in compliance with MICA regulations
>>60874556CARF is just a reporting standard, each country still has to pass local law to enforce it. The EU is moving first because of MiCA + DAC8, which is why it’s hitting the news.
>>60875335anon, there are us exchanges that do not comply with mica, do not advertise in the eu and are unlikely to comply with carf/dac8.im off ramping with no issue, we will have to see if anything changes next year.
>>60875079Delete account!The deletion itself will be reported from 2026 onwards!"Why did you have 6 accounts there and there but never traded? Give all infos from last years, peasant!"
>>60875627I was wondering if not having anything on the exchange would be more suspicious than deleting the account just when the new law kicks inbecause i think they also save your transactions for 3 years even if you delete your account
>>60875627>>60875669delet now, just to be sure.if you are not gonna use it, makes no sense to keep it open.
>>60875702was going to wait for alts to make a bit of a move and then sell all the alts around october november at the latest
>>60875136>will report automatically in 2027 whatever you did during 2026, but not earlierwell that would simplify thingsi always imagined dac8 to be a nothing burger as the cycle would be completed before 2026 and i make it all good before handbut now, who knows what will happen
>>60875836yeah, by "now" i meant before EOY, there's still time.i will be closing kucoin, bitstamp and kraken in dec.shame about stamp, bought my first bitcoin there back in 2014.oh well...>>60876061yeah more uncertainty thanks to brussels shekel collectors.
>>60874293Not my problem. Hyperliquid exists and I offramp through payment processors like Gnosis Pay which are excluded from this rule.
>>60876571>Gnosis PayCompliance layerKYC/AML: Integrated Sumsub verificationRegulatory: MiCA compliant, PSD2 readyRisk Management: Real-time fraud detectionReporting: Automated compliance reportsFiat banking railsLocal Integrations: IBANs (EU), Pix (Brazil), account numbers (US) – and more comingUnified KYC: One identity flow for all local on/off-rampsSeamless On/Off-Ramping: Fiat stablecoin at 1:1 ratesTransfer Automation: Supports recurring bank deposits and salary flowshow or why are they excluded anon? did you just make it up? did you saw it in a dream?
>>60875669>I was wondering if not having anything on the exchange would be more suspicious than deleting the account just when the new law kicks inUhm no because they dont get informed that you did? ofc they could ask the exchanges to hand over data, but actively shared it will be from 2026 onwardsi wonder how many posts we end of 2027 here about the taxmen knocking on some zoomers door because of a 200 bucks trade or such shit
>>60876813They need your TAX ID to even report anything. If they start asking for TAX IDs, I'll just fuck off to Bitrefill / Bisq / prepaid cards or other options. Plenty of gray areas left.
>>60876571Some countries can't use hyperliquid. You literally get banned even if you use a vpn
>>60879913Rent a fucking VPS in Tokyo for $15 and put Wireguard on it. Worth it for privacy and not getting robbed through taxes.
>>60874293Euro fags are playing life on easy mode. They can literally just go live in a tax haven for 6 months and 1 day and not pay any taxes, and they still have the gall to complain, they would absolutely never make it in the tax hell that is the USA
>>60879896idk i just avoid anything claiming to be mica complaint.how does it work? you send crypto to the gnosis card? is there a limit? have you used their iban?
>>60879937>less than 30% tax when you sell>tax hellyou dont know how easy you have it mutt.
>>60876571>Gnosis pay is taxable I'm not sure why you would think otherwise
>>60879937Not true.It is NOT black and white taxation.If the tax office claims you just moved because of taxes but still have connections to your home country or want to come back, they will hit you.What you CAN do is move from one EU country to another and register. Double taxation rules etc. But you actually need to live there and better have proofs.There are some combinations where this can be REALLY efficient.Austrias are not taxed when exchanging different cryptos, even stables. You can trade like a madman and when you got your gains, switch into stable and move to some place and cash out (because you would just need to calculate gains on the stable to fiat exchange rate from the time registering, no need to even go to germany or portugal and wait a year)
>>60880383This doesn't work because Austria has an exit tax. It will simply cause a fictional sell event at the date of emigration. And you will have to pay taxes on your gains accordingly.On the other hand, what Austria does have, is a Step-Up: If you move to Austria, and sell crypto or stocks later, then you pay taxes only on the gains you made while actually being in Austria. (So if you move to Austria with a token which has already experienced a 500% gain, these gains don't have to be taxed. Which follows the same logic as per which Austria also has an exit tax. You are taxed for all gains you made while having tax residency in Austria.)Example:>you buy bitcoin at $90.000>bitcoin climbs to $100.000>you move to austria >you sell bitcoin into fiat for $105.000>you pay taxes only on the $5.000 gains you made while actually being in austriaBut then again, countries such as germany I believe have a clause in their tax declaration, which results in what is de-facto an exit tax. So you would still have to pay taxes on the first $10k gains in germany. At least if you held for less than a year. Based on what I understand.
>>60880495*germany has a clause in their tax declaration, inducing an exit tax in these type of cases. At least it's what I read.
>>60874469And yet there's more culture and beauty on any street corner than in any whole American city, what does that say about your country
>>60874293Cool, but any crypto or stock I sell at least 6 months after purchase is tax free in my cunt, I don't have to scam the tax man I already pay nothing, legally
>>60879985How do you tax stablecoins?
>>60880556im my cunt you have to provide documentation for the source of the money.do you live on a country with weak tax enforcement? cuz if you do you have nothing to worry about, like the geek anon above.for the rest of us it can suck.
>>60874469Rome hasn't been good since KINOsar
