Nothing more frustrating to a journalist than accs with 140k+ followers turning up to sensationalize the news for engagement.
If you've seen this post on X, it is completely untrue.
DAC8 is very very bad, but the EU has not "OFFICIALLY ENDED CRYPTO PRIVACY IN THE EU", and is most certainly also not "the definitive end of anonymous crypto holdings in the EU".
There's a bunch of surveillance risks for people who rely on exchanges and custodial services with DAC8 that mainly pertain to international information exchange, e.g. giving the UAE insight into all your transactions if you are a UAE citizen living abroad, which can pose a risk to your life if you are a journalist for example.
But DAC8 doesn't affect non-custodial software at all, which is what you should be using if you want privacy in the first place.







