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

During Today’s Drop, a Stablecoin That Should Be Pegged to $1 Lost Its Peg and Is Falling

28/06/2026

Tether Briefly Overtakes Ethereum As Stablecoin Market Cap Tops ETH During Sell-Off

28/06/2026

EU Forces Unlicensed Crypto Firms to Shut Down

28/06/2026
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

    Bitcoin Hits New Cycle Low After Bull Trap Plays Out, but Breakdown Is Not Over

    28/06/2026

    Is Another Leg Lower Coming After the $58K Drop?

    28/06/2026

    Metaplanet Bleeds 87%, But Triples Bitcoin Stack in ‘Gift’ Valuation

    28/06/2026

    Michael Saylor Reveals Why Strategy Is Not Changing Course on Bitcoin

    28/06/2026

    Can Ethereum bulls defend $1,611 as ETH selloff gathers pace?

    28/06/2026

    Ethereum price weakens near $1,670 as ETF outflow and low open interest bite

    28/06/2026

    Extreme Fear at 17, one breakdown from $1,500

    28/06/2026

    BitMine wants 5% of all Ethereum. What if treasuries corner ETH?

    28/06/2026

    Tether Briefly Overtakes Ethereum As Stablecoin Market Cap Tops ETH During Sell-Off

    28/06/2026

    Fragmetric Assures Protocol Continuity as Points Program Fallout Continues

    28/06/2026

    How Does World Liberty Financial’s USD1 Stablecoin Work And Who Is It Built For?

    28/06/2026

    A Web Without Big Tech Gatekeepers

    28/06/2026

    Element NFT Marketplace Expands Reach to Ink to Enhance NFT Accessibility

    27/06/2026

    Why is Pudgy Penguins (PENGU) Trending? What You Need to Know

    22/06/2026

    Top 10 NFT Performers by Trading Volume, Courtyard Outshines

    22/06/2026

    Pudgy Penguins expands retail footprint with Target trading card rollout

    20/06/2026

    During Today’s Drop, a Stablecoin That Should Be Pegged to $1 Lost Its Peg and Is Falling

    28/06/2026

    Tether Briefly Overtakes Ethereum As Stablecoin Market Cap Tops ETH During Sell-Off

    28/06/2026

    EU Forces Unlicensed Crypto Firms to Shut Down

    28/06/2026

    Virtuals Protocol Launches Arena Insights as AI Trading Grows

    28/06/2026
  • Blockchain

    Continental Partners With Securitize for Digital Securities

    27/06/2026

    Funton.ai Partners with Echobit Exchange, Expanding Blockchain Gaming Experience with Crypto Applications

    27/06/2026

    B.AI Taps imToken for Seamless TRON Top-Ups and Usage of AI Models for Web3 Users

    27/06/2026

    CertiK joins XDC Network as institutional masternode validator

    27/06/2026

    What is a modular blockchain? Rollups, data availability, and the new stack

    27/06/2026
  • DeFi

    Xyra Labs Integrates TON to Expand Multi-Chain Trading Via Xyra Swap

    28/06/2026

    Maple Finance rallies 20% after Kraken partnership – Will SYRUP’s rise continue?

    28/06/2026

    Aave Advances Automated AAVE Buyback Overhaul With Aavenomics 3.0

    28/06/2026

    What Is Wrapped Bitcoin? How WBTC brings BTC to Ethereum and DeFi

    28/06/2026

    Developers Halt New Token Issuance for an Altcoin: Price Rises in Response

    28/06/2026
  • Metaverse

    Is Solana Gaming Back? Kintara Activity Fuels Renewed Optimism in Onchain MMOs

    24/06/2026

    The Sandbox launches AI game engine ‘The Sandbox Studio’ for next-generation creators

    10/06/2026

    Meta commits $13M in funding for Oversight Board through 2028

    29/05/2026

    Why Animoca’s Yat Siu says the future is 100 billion AI agents

    07/05/2026

    ‘8,000 Jobs’—Polymarket Sees Tech Layoff Surge As Meta AI Push Bites

    18/04/2026
  • Regulation

    During Today’s Drop, a Stablecoin That Should Be Pegged to $1 Lost Its Peg and Is Falling

    28/06/2026

    Trump Says America’s 250th Year Is Set for an Economic Boom

    28/06/2026

    Stablecoins are becoming a central bank problem hiding in T-bill markets

    28/06/2026

    Crypto Project Shutdowns Surge Past 60 in 2026 as a16z-Backed Names Top the List

    28/06/2026

    Polymarket Traders Wager on Strategy’s STRC Reclaiming Par as Critics Call It a ‘Junk Bond’

    28/06/2026
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Virtuals Protocol Launches Arena Insights as AI Trading Grows

    28/06/2026

    Uniswap Reaffirms Its Position as Leading DEX for Stablecoin Trading

    28/06/2026

    CZ, Binance founder, wants to clear up ‘misunderstandings’ about who he is

    28/06/2026

    Binance Alpha Adds Arcium (ARX) to Its Listing Roster

    28/06/2026

    ICO market slows sharply with only six completions in 2026

    30/04/2026

    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

    Nexus Acquires Homegrown App Marketplace One Store, Expanding into Global Web3 Game Hub

    21/06/2026

    GMATRIXS and Plum Protocol Partner to Blend GameFi with Meme Assets, Driving Multi-Chain Web3 User Experience

    16/06/2026

    Crypto game studio Uncharted to shutdown along with Fishing Frenzy

    15/06/2026

    Pudgy Penguins Halts Web3 Mobile Game Pudgy Party to Focus on Pudgy World

    14/06/2026

    Russia Plans Wider Crypto Mining Ban Across Key Regions From July

    28/06/2026

    Bitdeer Sells Entire Weekly Bitcoin Production, Now Holds Zero BTC

    28/06/2026

    Miners Absorb 18% Hashprice Crash as Bitcoin Difficulty Jumps 7.15%

    28/06/2026

    Bitcoin’s broken production cost floor is splitting miners into survivors and sellers

    28/06/2026

    EU Forces Unlicensed Crypto Firms to Shut Down

    28/06/2026

    US Treasury targets Huione workaround as FinCEN moves against H-Pay in crypto scam crackdown

    28/06/2026

    Crypto isn’t the problem with the US economy, says senator

    28/06/2026

    Michael Selig draws line between crypto perps and corn futures

    28/06/2026

    During Today’s Drop, a Stablecoin That Should Be Pegged to $1 Lost Its Peg and Is Falling

    28/06/2026

    Tether Briefly Overtakes Ethereum As Stablecoin Market Cap Tops ETH During Sell-Off

    28/06/2026

    EU Forces Unlicensed Crypto Firms to Shut Down

    28/06/2026

    Virtuals Protocol Launches Arena Insights as AI Trading Grows

    28/06/2026
  • 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

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Related Posts

EU Forces Unlicensed Crypto Firms to Shut Down

28/06/2026

US Treasury targets Huione workaround as FinCEN moves against H-Pay in crypto scam crackdown

28/06/2026

Crypto isn’t the problem with the US economy, says senator

28/06/2026

Michael Selig draws line between crypto perps and corn futures

28/06/2026
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

During Today’s Drop, a Stablecoin That Should Be Pegged to $1 Lost Its Peg and Is Falling

28/06/2026

Tether Briefly Overtakes Ethereum As Stablecoin Market Cap Tops ETH During Sell-Off

28/06/2026

EU Forces Unlicensed Crypto Firms to Shut Down

28/06/2026
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.