2026-01-13 12:24:13

DAC8: Regulatory Transparency or Risk to Investor Privacy?

Since January 1, 2025, the situation has become more complex for crypto holders in France. The DAC8 directive now mandates the systematic declaration of digital wallets, feeding into a centralized database. This measure, presented as a compliance tool, raises major questions.

The increased traceability of cryptographic assets can strengthen the fight against money laundering and tax evasion—legitimate objectives of authorities. But it also creates an infrastructure of sensitive data, concentrating investors' information. What is the actual security of this register? What are the real risks in case of unauthorized access or hacking? How will this database be exploited in the future?

The stakes oscillate between market protection and preserving users' privacy. To be closely monitored.

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SmartContractDiver

· 6h ago

DAC8, to put it simply, is just putting our wallet addresses on the table... The government claims to be fighting money laundering, but in reality? If the database gets hacked, who’s responsible? Does no one care about the security of this thing, or am I overthinking it? France’s recent move is really ruthless. Is the next step going to be mandatory real-name mining? A centralized database sounds very dangerous, doesn’t it? Isn’t that against the original intention of Web3? The balance between regulation and privacy is impossible to find; in the end, retail investors are the ones who suffer.

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MEV_Whisperer

· 6h ago

DAC8 this time is really using anti-money laundering as an excuse to do data harvesting. Over in France, they've basically created profiles for all coin holders. It's hilarious.

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PonziWhisperer

· 6h ago

Nah, France's recent DAC8 is really impressive. They dump all wallet information into a central database, claiming to combat money laundering, but it's actually blatant surveillance. What happens if a big database gets hacked? Who can guarantee that? Authorities never care about that.

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OnchainArchaeologist

· 7h ago

DAC8, to put it simply, is the government trading privacy for compliance. Anyway, our data has long lost its value. Wait, is this thing really safe? Aren't there plenty of news about centralized databases being hacked? What are the French trying to do again? Can't they just put it on the blockchain? Do they have to build a centralized system? That said, cracking down on money laundering is correct, but I really don't trust this infrastructure...

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