Tax Office: New Crypto Rules - Those who do not provide their tax number risk a €50,000 fine
From 2026, cryptocurrency exchanges must comply with new transparency regulations. What the tax office will know about cryptocurrency owners in the future and where anonymous transactions are still possible.
Germany is implementing the EU's DAC8 directive, requiring cryptocurrency providers to report user information and transaction data to tax authorities starting in 2026. This means providers like Bison, Bitpanda, Kraken, Binance, and Coinbase must share data with the Federal Central Tax Office (BZSt) or equivalent authorities in other EU countries.
Users will need to provide their tax identification number and other details to their crypto providers, who will report this information to tax authorities. Failure to comply may result in fines of up to 50,000 euros for both users and providers.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
