1. What is CARF / DAC8?
CARF (Crypto-Asset Reporting Framework) and DAC8 are international tax transparency rules that require crypto-asset service providers to collect and report certain customer and transaction information to tax authorities.
DAC8 is the EU version of CARF and applies specifically to customers who are tax residents in EU Member States. Under these rules:
- Regulated Crypto Asset trading platforms (like us) must identify customers’ tax residency
- We are required to carry out due diligence on customer information
- We must report certain crypto-asset transactions and account details to tax authorities
In the EU, DAC8 enables automatic exchange of this information between countries, meaning your information may be shared with tax authorities in other EU jurisdictions where you are a tax resident.
The first reporting period will cover 2026 activity, with reports submitted in 2027.
2. Why do you need my tax information?
We are legally required to collect your tax information to comply with DAC8/CARF regulations.
This means we must:
- Determine your country (or countries) of tax residence
- Collect your Tax Identification Number (TIN) (where applicable)
- Confirm that the information you provide is accurate (due diligence requirement)
We are also required to report certain information about your account and crypto transactions to the tax authorities.
3. What information will you collect?
We are required to collect the following details:
- Your name, address, and date of birth
- Your country (or countries) of tax residence
- Your Tax Identification Number (TIN)
- Information about your crypto transactions (where required)
4. What is a Tax Identification Number (TIN)?
A TIN is a unique number issued by your country of tax residence (for example, PPSN in Ireland).
If your country does not issue a TIN, you can indicate this during onboarding.
5. Will my information be shared with tax authorities?
Yes. Where required by law:
- We will report your information to our local tax authority
- Your information may then be shared with tax authorities in other countries under international agreements
6. How do you determine my tax residency?
We rely on:
- The information you provide (self-certification)
- Information collected during onboarding (such as address and ID documents)
If there is a mismatch, we may request additional information.
7. What happens if I don’t provide my tax information?
If the required information is not provided:
- Your account may be restricted
- Certain services (such as withdrawals) may be limited
- Your account may be suspended until the information is provided
8. What if my tax situation changes?
You must inform us of any changes (such as moving to a new country) within 30 days and provide updated information.
9. Is my data safe?
Yes. We do not use this tax information for marketing or share it with third parties other than the relevant government tax authorities as required by law. We protect your data in accordance with applicable data protection laws, including GDPR. Your information is used only for regulatory and compliance purposes.
10. What if I am providing information on behalf of a company?
If you are acting on behalf of an entity, you must be authorised to do so and may need to provide additional information about the entity and its controlling persons.