According to Techub News and Bitcoin.com, Spanish authorities have launched a law requiring virtual asset service providers to report transaction data and their users' Holdings. As part of the Directive on Administrative Cooperation in the Field of Taxation of Crypto Assets (DAC8), the Spanish tax authorities will also obtain data on Spanish citizens who hold accounts in crypto exchanges within the EU or in third countries that have agreements with the EU. Furthermore, the proposed draft will allow the Spanish tax authorities to seize any crypto asset Holdings of users with tax debts. DAC8 will be fully implemented in Europe in January 2026.