New regulation (DAC8) ends crypto privacy in the EU. Total surveillance of all crypto transaction is coming
https://peakd.com/hive-121566/@vikisecrets/new-regulation-dac8-ends-crypto-privacy-in-the-eu-total-surveillance-of-all-crypto-transaction-is-coming-
Posted by davideownzall
6 Comments
Boo hoo, muh precious magic money that fell in my lap without me doing any work is going to get tracked and properly taxed at some reasonable rate sub-50%.
Really it’s inevitable if people truly believe in crypto for adoption – it needs government support and rules – (for those scammed, for trust with the average person)
Whilst there are privacy issues that are fair points to be made the simple fact is most people do not care. They use fiat currently without issues and don’t see any problem.
99% of people in the crypto space are there to make money or make money from you.
It was misguided for people to just think new forms of currency or wealth would be made without central governments and tax institutions batting an eyelid
Cries in 33% italian tax on cripto gains starting from 2026
Monero is the way
2y+ of hodling = no taxes here.
So, whatever. **shrug**
This is exactly what Monero was designed for.