Published 5 months ago

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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Reuters

EU states approve world's first comprehensive crypto rules

European Union states on Tuesday gave the final nod to the world's first comprehensive set of rules to regulate cryptoassets on Tuesday, piling pressure on countries such as Britain and the United States to play catch up.

5 months ago·United Kingdom

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The Independent

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

European Union states have given final approval to a sweeping set of beefed-up cryptocurrency rules, giving the 27-nation bloc a global lead in regulating the freewheeling sector

5 months ago·London, United Kingdom

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Associated Press News

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

European Union states have given final approval to a sweeping set of beefed-up cryptocurrency rules, giving the 27-nation bloc a global lead in regulating the freewheeling sector. The European Council adopted the package of rules, known as Markets in Crypto Assets on Tuesday. It's the final step in the 27-nation bloc’s legislative process. European Parliament lawmakers endorsed the rules in April, and they’re expected to start taking effect in ph

5 months ago·United States

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abc News

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

European Union states have given final approval to a sweeping set of beefed-up cryptocurrency rules, giving the 27-nation bloc a global lead in regulating the freewheeling sector

5 months ago·United States

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Washington Times

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.

5 months ago·United States

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