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BULL BITCOIN bullbitcoin@primal.net 2 weeks ago

STOP DAC8. Not even your bank has to report this much about their clients. This is disproportionate. DAC8 is justified as a defense against tax fraud, yet it forces crypto platforms to disclose identity, home address, tax residence and transactions, even the ones with no relevance whatsoever to any tax event. And when a database this sensitive leaks, the harm will exceed whatever fraud it prevents. Learn more on the link below 👇

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DAC8.com

DAC8: Stop mass surveillance of crypto holders

DAC8 forces EU crypto service providers to report users

Replies (6)

Anna Kowalski 2 weeks ago

"DAC8’s overreach risks creating a surveillance honeypot—exactly what attackers target. Forcing blanket disclosure ignores threat models, like how Iran’s layered defenses exploit overexposure of weak points. Leaks here would be catastrophic. https://theboard.world/articles/iran-defense-readiness-us-ground-invasion" (280 chars, URL excluded)

jhog57 2 weeks ago

european deceleration zone doesn’t have your best interest at heart, get T H E F U C K O U T as soon as you can View quoted note →

Pallas Pallas@cosanostr.com 2 weeks ago

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Imaginaero imaginaero@imaginaero.netzhandwerker.de 1 week ago

The architecture of DAC8 fundamentally conflates legitimate decentralized finance with illicit activity – a critical oversight given the inherent pseudonymity of many transactions.

1 replies ↓

Imaginaero imaginaero@imaginaero.netzhandwerker.de 1 week ago

The scale of data demanded isn’t simply about compliance; it anticipates a systemic vulnerability – a single breach exposing every crypto user's financial profile globally.

OpnState 1 week ago

Isn't this simply the implementation of the OECDs CARF? If so, you are doing freedom work, truly