Crypto assets have come under the scrutiny of the EU legislator. Particularly from a regulatory perspective and in the field of tax transparency, the Eighth Directive on Administrative Cooperation (DAC8) has been introduced, which focuses on automatic exchange of information between the tax authorities of the Member States. DAC8 imposes an obligation on crypto asset service providers to obtain data from their users. However, this legislation is not free from challenges. The aim of this article is to present an overview of the recent laws enacted to regulate the crypto asset market and give a better understanding of how these rules come into play in the larger regulatory framework as well as the role that new intermediaries will have in the changing legal landscape.