On January 1st, 2026, the European Union implemented the Directive on Administrative Cooperation, number 8, also known as DAC 8. This directive essentially forces crypto asset service providers to report their users for tax purposes.
I’m joined by Theo Mogenet of Bull Bitcoin to discuss why this is happening and what this means for you.
🎯 Seed phrase challenge (21,000 sats):
This is a full-length episode, which means seed words are hidden throughout, 10 to be precise. The other 2 can be found on:
X (Twitter) & Nostr): https://x.com/askabitcoiner21/status/2018702705166897466?s=20 / https://primal.net/e/nevent1qqsflgzp5l8urr64mmgz4mdu5neayp5cc5t829nztpr5u8645su32xqht4pkn
Substack 👉 https://substack.com/@askabitcoiner21questions
The first person to find all 12 words can recover the wallet and 21,000 sats are yours. Good luck, and watch closely.
🔗 Referrals:
Orange Manufacturing Group
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➤ SeedSigner Case: https://geyser.fund/project/seedsignercase?refId=AAB21Q
🌐 https://omg21btc.com/
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Find Theo:
X: https://x.com/theomogenet
Website: https://www.bullbitcoin.com/
Credits
Host: Saidah Gomez https://x.com/SaidahGomez
Editing: Orange Manufacturing Group https://x.com/omg21btc
Chapters
00:00 The Context of Taxation in France
05:55 The Reporting Requirements of DAC8
11:48 The Rise of Kidnappings and Data Security
19:56 The Dark Side of Data Collection
24:50 The State of Europe: A Failed Infrastructure?
29:45 Government Policies and Economic Stagnation
34:53 The Misconceptions of Crypto and Taxation
38:40 Contradictions in State Structures
42:35 Energy Dependency and Economic Competitiveness
46:40 The Shift from National to European Interests
51:53 Challenges of Real Estate and Savings
56:31 Attracting Global Savings
58:29 Navigating Economic Challenges in Europe
01:00:15 Legal Avenues and Resistance
01:02:08 The Future of European Living Conditions
01:05:15 The Irony of Migration and Living Conditions
01:06:07 Immigration Policies: The Need for Control
01:07:11 Cultural Identity and Assimilation Challenges
01:08:04 Comparative Standards of Living: Europe vs. Japan
01:10:23 Japan's Economic Resilience and Infrastructure
01:11:14 Japan's Demographic Challenges and Economic Strategies
01:12:12 Cultural Narratives in Economic Discussions
01:13:37 Japan's Unique Cultural and Economic Landscape
01:15:25 The Role of Savings in Economic Stability
01:17:02 Wealth, Capital, and Infrastructure in Japan vs. Europe
01:18:00 Emerging Multipolar World and Cultural Connections
01:18:19 Food Culture: Pride, Shame, and Culinary Excellence
01:21:44 Quality of Ingredients: A Culinary Comparison
01:23:46 Conclusion: Economics, Culture, and Future Directions