The EU’s DAC8 directive, alongside MiCA and CARF, is the next phase of global financial surveillance - mandating centralized exchanges to report user holdings and transactions straight to tax authorities. This talk explores what that means for the future of privacy-preserving cryptocurrencies like Monero. While XMR is resilient on-chain, the off-ramp problem remains unsolved - especially for large-value exits. Without a sustainable, anonymous OTC ecosystem, Monero’s true potential remains bottlenecked. This presentation will break down the coming regulatory wave and open the floor to building the next generation of off-ramping infrastructure.