What changed
Germany has implemented the EU DAC8 directive, requiring crypto-asset service providers (exchanges, brokers, wallet services) to collect verified identity and tax data from their customers and report it annually to the German Federal Tax Office (Bundeszentralamt für Steuern), which automatically shares it with tax authorities in other EU member states. Crypto providers face fines for non-compliance.
Who is affected
Anyone holding or trading crypto assets through a regulated service provider in Germany will have their transaction and identity data reported to the tax authorities. German residents using non-EU providers are also affected if those providers are registered in Germany. Crypto service providers face new due-diligence, reporting, and registration obligations.
What to look out for
→ Crypto holders should ensure their crypto accounts reflect their correct tax identification number and that they are declaring crypto gains in their German tax returns. The first reporting period applies from 1 January 2026.
⚠️ This explanation was created with AI assistance and may be inaccurate or incomplete. It is not legal advice. Before taking action, check the official text and consult a qualified lawyer.
Original law: KSTTG — Check the official text before relying on this explanation.