The European Union's DAC8 law, effective January 1, 2026, mandates custodial crypto platforms to report user identities, tax IDs, and transaction histories to national tax authorities, raising privacy concerns among crypto users. This regulation applies to both EU and non-EU platforms serving European customers, with non-compliance potentially leading to blacklisting. While DAC8 aims to enhance transparency in digital asset transactions, it does not affect non-custodial wallets, which continue to offer privacy to users. As a result, European crypto investors are exploring privacy-preserving methods such as anonymous swaps, cash ATMs, and tools like Ghosty.cash to legally safeguard their digital assets. The law highlights the EU's commitment to transparency and taxation enforcement, prompting discussions on privacy implications within the crypto community.