On December 8^th, 2022, the European Commission presented a proposal for the seventh amendment to the Directive 2011/16/EU on administrative cooperation in the field of direct taxation (DAC 8), requiring crypto-asset providers to report transactions by their EU clients. The directive was unanimously adopted by member states in the Council on October 17^th, 2023, and published in the Official Journal on October 24^th, 2023. The aim of the directive is to enable the tax authorities to better track crypto-asset income through the cross-border exchange of information, thus countering the problem of tax evasion and avoidance. In addition to the reporting obligation, the directive also contains other changes, such as a provision relating to high-net-worth individuals. Nadine Chiba takes a critical look at the amendments to the directive.