There are only a few days left before the EU's DAC8 framework comes into force, expanding automatic tax reporting to crypto-assets.EU-based exchanges and crypto service providers will be required to report user identities, balances, and transactions to national tax authorities, information will be shared across EU member states, similar to how bank data is exchanged todayif you didn't already, move all your crypto into a self-custody wallet ASAP, the clock is ticking.
>>61550637>move crypto from exchange to self hosted wallet >exchange reports self hosted wallet as yours
Yes goyim buy and allocate everything you have into anything but physical silver. Silver is the devil's money after all stupid fucking goyim.
>>61550637But how will someone can cash out eventually?>>61550663They will report that starting 1 January 2026. Of course they already might have that info already but whatever.
>>61550698>But how will someone can cash out eventually?cash out for what retard? just hodl like the others
>>61550637As if that's not already the case with the US.SCA, Cloud act, CCPA and FISA covering literally all software company, local, foreign, in the cosmos, in my asshole, wherever the fuck...This is just the EU compelling non EU corpos to do it for them.
Bump
I thought this is until January?
>>61550637Nothing to tax if crypto is only going down...Jokes aside, does it apply if I never cashed out?
>>61553298If you cash out after 1 jan 2026 yes. The thing is that with this new law they will no every swap, transaction and withdraw you do.
>>61550637>tfw no coiner
>>61553312I wouldn't be so glib, a lot of cryptobros stop doing crypto and the price will fall. Well, with a certain exception that has been delisted across the EU already.
>>61553298oh boy
>>61553345This applies for burgers, some EU bros are spared for now
>>61553349it applies to pretty much every country in the EU. some have special rules for long-term capital gains, but they all consider exchanging shitcoins as if you had sold one for fiat and then bought the other with that fiat.
>>61553358>applies>considerSo, what it is then?
>>61553345Taylor Hill was so cute
I have payed taxes on crypto for a decade, I have nothing to hide
>>61553345The us tried this in 2022? so people made millions of penny exchanges, printed boxes of tax declaration, and sent them to be reviewed. 2 months later, it was abandoned. If tomorrow the Eu taxes crypto to crypto exchanges, I'm creating a bot that makes 1000 penny exchanges per hours. Don't care if I lose 10-20 euros per month, I'm sending 219 pages to my local department of crypto trades between fuckingniggercoin and nazibetterthanjewscoin
>>61550637Fuck this ZOG piece of shit (((union)))
>>61550637war with europe now
>>61550665this monkey had never posted about silver in his life before 3 months ago
>>61553608do it lmfaorelease it on github or something, i really wanna shoot my shot with it
>>61553608the US also taxes crypto to crypto swaps and never abandoned it. do you really think you can spam the IRS by creating dust transactions? it's your duty to provide the documentation, and if you don't do that properly then they can just guess and won't do that to your advantage. seriously, are there any adults left on this board?
>>61553799there is a difference what is legal and what is enforceable. if you make a stupid system with big bureaucratic bloat, the costs associated with investigation may eclipse the eventual gain by the state rendering it unsustainable and unenforceable over time
So nothing in 2025 will be reported to tax authorities? Even though the exchanges already have that info?
>>61553920>So nothing in 2025 will be reported to tax authorities? Even though the exchanges already have that info?They say so, not because they were good guys until now but probably because now thanks to all the AI bullshit they have the means to control every thing you do on exchanges.
Bought a hardware wallet and got my shit off Kraken. Can I leave some dust on it for future purchases or should I close my account altogether?
