Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Ethereum’s Long Accumulation Nears Completion While ETH/BTC Holds The Line

11/01/2026

JPMorgan pulls $350B from the Fed as rate cuts trigger treasury pivot

11/01/2026

Bitcoin mining difficulty dips in first 2026 adjustment

11/01/2026
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Price Breaks All-Time High Record Again – Here’s What We Know

    04/08/2025

    Bitcoin Switzerland? El Salvador to Host First Fully Native Bitcoin Capital Markets

    04/08/2025

    Bitcoin Breaks $119K, but XLM and HBAR Aren’t Impressed by Its Meager Percentage Gain

    04/08/2025

    High-Stakes Consolidation Could Define Q3 Trend

    04/08/2025

    Ethereum’s Long Accumulation Nears Completion While ETH/BTC Holds The Line

    11/01/2026

    Structural Floor Forms Near $2.8K

    11/01/2026

    Ethereum Price Flirts With 9% Risk and 12% Hope, What Tips the Balance?

    11/01/2026

    Ethereum OG Dumps $124M in ETH as Whale Selling Resurfaces

    11/01/2026

    The Sui Ecosystem’s Top 3 Altcoin Performers

    29/07/2025

    Floki Launches $69000 Guerrilla Marketing Challenge With FlokiUltras3

    28/07/2025

    Crypto Beast denies role in Altcoin (ALT) crash rug pull, blames snipers

    28/07/2025

    $1.6 Billion XRP Surge: Here’s What’s Unfolding

    28/07/2025

    NFT sales nosedive 27% to $62.5M, Bitcoin sales dump 65%

    10/01/2026

    Clone-X NFTs Soar 200% as Nike Sells RTFKT

    08/01/2026

    Nike Quietly Sells RTFKT After Shutting Down Web3 Operations

    07/01/2026

    NFT Paris and RWA Paris 2026 canceled after late-2025 crypto market crash

    05/01/2026

    Ethereum’s Long Accumulation Nears Completion While ETH/BTC Holds The Line

    11/01/2026

    JPMorgan pulls $350B from the Fed as rate cuts trigger treasury pivot

    11/01/2026

    Bitcoin mining difficulty dips in first 2026 adjustment

    11/01/2026

    Structural Floor Forms Near $2.8K

    11/01/2026
  • Blockchain

    JPMorgan expands blockchain goals, plans to build ‘interoperable digital money’

    11/01/2026

    Temple Digital Group launches 24/7 institutional trading built on Canton

    11/01/2026

    Global watchdog highlights tron dao recognition of T3 Financial Crime Unit and public-private crypto enforcement model

    11/01/2026

    75,000 New Ventures Signal Unstoppable Digital Transformation

    11/01/2026

    Blockchain Privacy Shapes the Future of Crypto Networks

    10/01/2026
  • DeFi

    Most Influential: Jesse Pollak

    10/01/2026

    Crypto crowd could still walk away from U.S. market structure bill if DeFi needs unmet

    10/01/2026

    MixMax & ICB Network Partner to Boost DeFi Innovation & Growth

    10/01/2026

    ANT.FUN Integrates HPX Wallet to Expand Cross-Chain Liquidity on DEX Trading Platform 

    10/01/2026

    SafePal Unveils Morpho Vaults Support and $MORPHO Rewards Program

    09/01/2026
  • Metaverse

    Yuga Labs Acquires Otherside Creator Platform From Improbable

    27/12/2025

    Meta CEO Mark Zuckerberg Made a Decision That Will Deeply Affect Metaverse Projects! Here Are the Details

    05/12/2025

    Meta Plans 30% Cut to Metaverse Budget as Reality Becomes Less Virtual: Bloomberg

    04/12/2025

    Cambridge Institute Joins InfblueNFT to Transform Digital Communication

    21/11/2025

    AGI Open Network Partners with MetaMars to Drive Marverse Economy

    15/11/2025
  • Regulation

    JPMorgan pulls $350B from the Fed as rate cuts trigger treasury pivot

    11/01/2026

    Robinhood shares are up 220% this year, beating the S&P

    11/01/2026

    IREN stock crashes 55% from YTD high amid AI bubble fears

    11/01/2026

    Cathie Wood buys the dip in CoreWeave stock ‘again’: here’s why you shouldn’t

    11/01/2026

    Coinbase Ventures-Backed Stablecoin Bank Triggers Terra UST-Style Fears

    11/01/2026
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Upbit adds Cronos staking support for CRO as Korean demand for onchain yields grows

    11/01/2026

    Binance CEO Steps Forth With Key Statement But Faces Community’s Criticism

    11/01/2026

    Aster Perp Volume Hits $6.6B, Surpassing Top Crypto Competitors

    11/01/2026

    Forex.com Owner StoneX Adds Crypto Offering Under MiCA Licence

    11/01/2026

    South Korea Poised to Lift Ban on Domestic ICOs After 7 Years

    19/12/2025

    Why 2025’s Token Boom Looks Both Familiar and Dangerous

    31/10/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    GameFi Sector Rallies Amid New Year, Market Cap Tops $6.59 Billion, With WOD Leading Market Trading Volume

    11/01/2026

    Elderglade and EtherForge Partner to Advance Web3 Gaming

    09/01/2026

    Salvo Games and Alpha X Partnership Brings AI-Powered On-chain Intelligence to Web3 Gaming

    05/01/2026

    ChainAware Joins Elderglade to Accelerate On-Chain Gaming Advancement

    03/01/2026

    Bitcoin mining difficulty dips in first 2026 adjustment

    11/01/2026

    How Bhutan Linked Bitcoin Mining, Hydropower, and Gelephu City

    11/01/2026

    Malaysia police seize 41 cryptocurrency mining machines across three raids in Teluk Intan

    11/01/2026

    Trump could use Greenland for 10,000 EH/s Bitcoin mining hub from stranded energy if it becomes a part of the US

    09/01/2026

    Trump says he’ll be impeached if Republicans lose midterms

    11/01/2026

    China Arrests Owner of 127,000 Bitcoins – But There’s a Catch

    11/01/2026

    Iran Accepting Crypto Payments for Weapons—But This May Not Help It Evade Sanctions

    11/01/2026

    Mumbai Court Issues Summons in Rs 6,600 Crore Gain Bitcoin Case

    11/01/2026

    Ethereum’s Long Accumulation Nears Completion While ETH/BTC Holds The Line

    11/01/2026

    JPMorgan pulls $350B from the Fed as rate cuts trigger treasury pivot

    11/01/2026

    Bitcoin mining difficulty dips in first 2026 adjustment

    11/01/2026

    Structural Floor Forms Near $2.8K

    11/01/2026
  • MarketCap
NBTC News
Home»Legal»Exchanges to freeze trading and withdrawals after countdown under new crypto law
Legal

Exchanges to freeze trading and withdrawals after countdown under new crypto law

NBTCBy NBTC11/01/2026No Comments4 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Crypto companies serving EU residents began collecting tax data on Jan. 1, 2026, under the European Union’s DAC8 rules. That start date has fed viral claims on X that the bloc has “ended crypto privacy.”

The European Commission’s guidance for DAC8 set Jan. 1, 2026, as the operational start date for data collection. However, many commentators are overreaching in their conclusions, and the implied timeline is compressed.

What DAC8’s Jan. 1 start date actually means in practice

Providers collect data through 2026, while the first full-year reports are due in 2027. The Commission describes a nine-month window, from the end of the first fiscal year through Sept. 30, 2027.

In practice, that makes 2026 the buildout and>

DAC8, implemented through Directive (EU) 2023/2226, expands tax visibility inside the regulated perimeter rather than eliminating self-custody. The directive targets reporting crypto-asset service providers and their EU-resident users.

It covers exchanges between crypto and fiat, exchanges between one crypto-asset and another, and “transfers.” That transfer definition is broad enough to capture withdrawals from an exchange account to an address not maintained by the same provider for that same user.

This brings “unhosted” or self-custody destinations into the reportable scope. European Parliament Research Service materials on DAC8 also describe the reporting summary as including “transfers to un-hosted distributed ledger addresses.”

Claims that providers must send a user’s “full transaction history” directly to tax authorities are overstated. The reporting cycle is annual, and the European Commission’s impact assessment describes a policy design intended to strike a middle ground on granularity and administrative burden.

That includes aggregation in parts of the reporting, even as it requires standardized identity and account fields that can support cross-border matching. The practical change is that activity that begins at a reporting provider, including a withdrawal to self-custody, no longer ends the information trail at the regulated chokepoint.

DAC8 shifts the compliance burden to onboarding, identity, and access controls

DAC8’s strongest pressure point for users is onboarding and documentation. The directive requires providers to obtain required information such as a tax identification number.

If a user does not provide it, the provider must ultimately prevent the user from performing “Reportable Transactions,” but only after two reminders and not before 60 days. That is narrower than an instant, blanket “freeze,” but it can still cut off trading and withdrawal flows that fall inside the reportable scope.

The exchange plumbing is now more concrete. Implementing Regulation (EU) 2025/2263 sets standardized forms and computerized formats for mandatory information exchange, giving tax administrations a shared schema for ingestion and reconciliation.

The Commission’s impact assessment estimates about €1.7 billion in additional annual revenue from crypto-asset transactions under its central case. European Parliament materials cite a wider range of about €1 billion to €2.4 billion per year.

The same assessment models compliance costs for providers at about €259 million one-off and about €22.6 million to €24 million recurring annually. It also models administrative build costs for member states.

How DAC8 reshapes platform economics and cross-border crypto activity

For platforms, the cost profile and the “no TIN, no reportable transactions” rule can reshape competitive dynamics. Fixed build costs for reporting stacks, customer due diligence, and transfer record-keeping can push smaller providers toward mergers, third-party compliance tooling, or tighter EU product scope.

Larger platforms may be better positioned to spread those costs across a wider base. Even so, the rule’s practical impact will depend on how providers implement controls around reportable activity.

DAC8 also aligns Europe with a broader convergence path. According to the OECD, 58 jurisdictions have indicated intent to commence exchanges under its Crypto-Asset Reporting Framework in 2027.

That reduces the advantage of routing activity offshore when counterpart jurisdictions exchange comparable datasets.

In that environment, DAC8 does not end private key control, but it turns regulated entry and exit points, including withdrawals to self-custody, into standardized reportable events that tax administrations can use in 2027 reporting cycles.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

Trump says he’ll be impeached if Republicans lose midterms

11/01/2026

China Arrests Owner of 127,000 Bitcoins – But There’s a Catch

11/01/2026

Iran Accepting Crypto Payments for Weapons—But This May Not Help It Evade Sanctions

11/01/2026

Mumbai Court Issues Summons in Rs 6,600 Crore Gain Bitcoin Case

11/01/2026
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Ethereum’s Long Accumulation Nears Completion While ETH/BTC Holds The Line

11/01/2026

JPMorgan pulls $350B from the Fed as rate cuts trigger treasury pivot

11/01/2026

Bitcoin mining difficulty dips in first 2026 adjustment

11/01/2026
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.