The updated draft of the DAC8 bill introduces new cryptocurrency reporting regulations in Germany, with the consultation period open until July 14.
Germany’s Ministry of Finance has released a revised draft bill for consultation to implement Council Directive (EU) 2023/2226 (DAC8) on 27 June 2025, introducing new reporting and due diligence obligations for crypto-asset service providers. The revised draft follows an earlier version published on 4 November 2024.
The consultation period ends on 14 July 2025.
The European Council approved DAC8 in October 2023, incorporating elements from the OECD’s Crypto-Asset Reporting Framework (CARF) and the revised Common Reporting Standard (CRS) for the automatic exchange of financial account information in tax matters.
DAC8 seeks to introduce new regulations aimed at reporting and exchanging information for tax purposes on e-money and crypto assets, exchanging information on cross-border rulings related to high-net-worth individuals, and implementing penalties and compliance measures for various reporting obligations under the DAC framework.
Under DAC8, EU Member States are required to adopt and publish implementing laws and regulations by 31 December 2025. Most provisions will take effect from 1 January 2026, with certain elements deferred until 1 January 2028.