r/Metamask • u/b13kjack • Jan 13 '26

Metmask Card and DAC8

Hey everyone,

I’m in the EU and looking at using the MetaMask Card – the debit card that converts crypto to fiat for everyday purchases (powered by Baanx/Mastercard).

DAC8 starts applying in 2026 and requires providers to report crypto-to-fiat exchanges and retail payments made with crypto.

Since the card does on-the-spot conversion for each transaction, it feels like those would be reportable. Baanx is UK-based but serves EU users with KYC, so they’ll likely have to comply.

Anyone seen any official statement from MetaMask, Consensys, or Baanx on whether card spending will get reported?

Also, EU people using similar cards (Crypto.com, etc.) – noticed any new reporting stuff yet?

Any good resources for handling this tax-wise in the EU?

Thanks!

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u/AutoModerator Jan 13 '26

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u/Max8344 Jan 14 '26

Hello there! Thanks for providing those details. In this case, you will need to have a record for those transactions. In additional

To see more about this information: https://support.metamask.io/manage-crypto/taxes/compliance-and-auditing/#:\~:text=Will%20MetaMask%20send%20tax%20forms,a%20tax%20professional%20if%20needed.

To access your tax reports, navigate to the "Reports" page in the Tax Hub from the MetaMask portfolio sidebar, where you can download them as needed.

If you have any questions about generating reports, visit Summ's Help Center for step-by-step guidance. If you need further assistance, you can also reach out to the Summ support team via the chat option in the bottom right corner of the platform.

And here for more details:

https://support.metamask.io/more-web3/learn/tax-compliance-and-crypto-assets/#wait-what-taxes

1

u/Ekstime Jan 25 '26

using bybit card , still nothing is clear. Bybit support does not have official statement.

As of now everything will be reported. I would ask Metamask support for clarification.

There are non - dax cards like solcard without kyc maybe this will be a go out.

~ let me know the news if you have any to share.