🇪🇺 EU Cracks Down on Crypto Compliance: 13 Member States Under Scrutiny
The European Commission is taking firm action to ensure the uniform application of crypto regulations across the bloc. Formal notices have been sent to 13 EU member states for failing to properly transpose tax transparency rules and the Markets in Crypto-Assets (MiCA) regulation.
Key Highlights:
Tax Transparency (DAC8): 12 countries (Belgium, Bulgaria, Czechia, Estonia, Greece, Spain, Cyprus, Luxembourg, Malta, Netherlands, Poland, and Portugal) received warnings for delays in implementing rules for the mandatory exchange of information on crypto-asset transactions.MiCA Violation: Hungary received a specific notice for maintaining a national authorization regime for "exchange verification services" that conflicts with the unified MiCA framework.
What’s Next?
These nations have two months to respond and rectify the gaps. If they fail to comply, the Commission may escalate the matter to the Court of Justice of the EU.
Why It Matters:
This move signals the end of "regulatory arbitrage" within Europe. For Binance users, it reinforces that the EU is moving toward a fully transparent and harmonized environment. Compliance is no longer optional—it is the foundation of the European crypto market.
Stay informed and ensure your activities align with the evolving regulatory landscape in your region! 🚀
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