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EU states approve world’s first comprehensive crypto rules

EU ministers have agreed on stronger rules to tackle tax fraud with cryptocurrencies, closing loopholes allowing the avoidance of taxation on income using crypto assets.
The new rules will force all EU crypto asset providers to report transactions of clients residing in the bloc, and there will be an automatic exchange of tax rulings on the wealthiest individuals to target attempts to hide money from the taxman.
The Markets in Crypto Assets regulation and the fund transfer rules have also been approved, intended to provide greater oversight of crypto asset trades and make it harder for criminals to use cryptocurrencies for illegal activity.

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South China Morning Post

Center

Europe’s crypto rules get final approval, giving market a global lead

The European Council adopted the Markets in Crypto Assets package of rules that are expected to start taking effect in phases in July 2024.

2 years ago·Hong Kong

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PBS NewsHour

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Cryptocurrency rules get final approval to make Europe a global leader on regulation

The tighter European scrutiny follows a spate of high-profile crypto scandals including the collapse of trading firm FTX and the implosion of the TerraUSD stablecoin.

2 years ago·Washington, United States

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Firstpost News

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EU Council adopts world's first legal framework for cryptoassets regulation

The MiCA mandates that cryptocurrency companies obtain EU authorization before they can serve consumers within the Union

2 years ago·Mumbai, India

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Gulf News

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EU states approve world's first comprehensive cryptocurrency rules

Regulating crypto has become more urgent for regulators after the collapse of FTX

2 years ago·Dubai, United Arab Emirates

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National Post

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Crypto rules get final approval to make Europe a global leader on regulation

LONDON (AP) -- The European Union's sweeping set of beefed-up cryptocurrency rules got final approval from member states Tuesday, giving the 27-nation bloc a global lead in regulating the freewheeling sector.

2 years ago·Canada

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Star Tribune

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Crypto rules get final approval to make Europe a global leader on regulation

The European Union's sweeping set of beefed-up cryptocurrency rules got final approval from member states Tuesday, giving the 27-nation bloc a global lead in regulating the freewheeling sector.

2 years ago·Minneapolis, United States

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