DAC8: The New Global Reality and Our Automated Solution for You

We’ve heard you. Over the last few weeks, many of you have reached out with questions about DAC8 – the new EU directive regarding crypto-asset reporting – and what it implies for your account at wave.space.

At wave.space, we believe in facing reality head-on. The global regulatory landscape is shifting, and the "wild west" era of digital assets is officially closing. It is a new global standard that we all have to live with.

Here are the facts, the timelines, and – most importantly – the solution we have built to make this transition effortless for you.

1. A Unified Standard (There is No Escape)

It is critical to view this in the wider context: DAC8 is a harmonized law with extraterritorial reach.

This means the regulations apply identically to every single crypto-asset service provider serving EU users, regardless of where they are headquartered.

• EU Providers: Must comply fully.
• Non-EU Providers: If they serve EU residents (even if they are based in the Caribbean or Asia), they are legally required to report under DAC8 or face severe penalties, including potential blocking.

What about Self-Custody? – It is important to clarify that pure self-custodial transactions (sending Bitcoin from your wallet to another) are not within the scope of DAC8. The regulation targets intermediaries, not individuals holding their own keys.

However, the entry and exit points are precisely in scope. This makes your choice of provider critical. Since the "bridges" between the banking system and your self-custody are now reported events, you need a service that keeps these records neatly organized.

Using a platform that has figured this out (like wave.space) ensures that you always have a clean, automated paper trail of how funds entered or left your custody.

2. The Timeline: Two Critical Dates

There is a lot of noise online, but for you as a user, there are only two dates that matter. Every compliant service provider must adhere to this exact schedule:

• January 1, 2026 (Data Collection Begins): Starting on this date, all regulated service providers (including our partner Striga) are legally required to begin tracking reportable transactions and collecting specific tax details (like Tax IDs) from new users.
• Early 2027 (First Reporting Period): This is when the first exchange of data is expected to take place between tax authorities regarding the previous year's activity.

Note: European regulators are still finalizing the exact technical implementation of these data exchanges. We are monitoring this closely and will update you the moment there is concrete news on how the data flow will work.

3. How It Works at wave.space

We spoke directly with our infrastructure partner, Striga, to clarify exactly how this will be implemented for your account.

Striga is the regulated entity (the "Reporting Crypto-Asset Service Provider") that powers our services. They have confirmed that they will manage all reporting obligations required by DAC8.

What you need to know:

• Existing Users: Sometime in 2026, you will be prompted to update your profile with your tax residence and TIN (Tax Identification Number) to satisfy the new legal requirements.
• No Manual Filings: You do not need to file reports to Striga or the authorities yourself. They handle the compliance backend so you don't have to.

4. The Solution: Automated Tax Reporting

We know that for many, the biggest stress isn't the regulation itself – it's the fear of making a mistake. With authorities gaining more visibility, accuracy becomes more important than ever.

We have solved this for you.

We are excited to announce our partnership with CoinTracking, the world's leading crypto tax and portfolio manager. This integration is designed to take the fear out of tax season completely.

Instead of wrestling with spreadsheets or worrying about missing a trade, you can now:

• Seamlessly Export: Ensure your wave.space transaction history is fully compatible with professional tax software.
• Automate Calculations: Generate a tax report specific to your country’s laws in minutes.
• Stay Accurate: Eliminate the risk of human error so you can file with confidence.

Exclusive Offer for wave.space Users We are integrating more deeply with CoinTracking in January, but we want you to have these tools today. We have secured an exclusive 10% discount for life for the wave.space community.

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The Bottom Line

The rules are changing for everyone, everywhere. The difference is that at wave.space, we provide the tools to handle the complexity so you don't have to.

Stay humble, stack sats, spend sats, and let us handle the paperwork.

 –  Your Wave Space Explorers 👨‍🚀