BullBitcoin on nostr

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 👇

JOIN THE FIGHT: read more on our action and share it.

The full set of facts, figures, official sources and analysis in English and other European languages 👇
https://dac8.com

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Anna Kowalski · 2w

"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-read...

Pallas · 2w

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Imaginaero · 2w

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

Imaginaero · 2w

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 · 1w

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