BlockBeats News, February 2nd. According to Crowdfund Insider, the European Commission has stepped up enforcement of the regulatory framework for crypto assets, initiating infringement procedures against multiple member states for failing to transpose or comply with the new EU rules on crypto asset taxation and market regulation.
In the latest round of infringement decisions, the European Commission stated that it has sent formal notices to 12 member states for these countries’ failure to fully transpose EU rules on crypto asset tax transparency and information exchange into national law. The 12 countries are: Belgium, Bulgaria, Czech Republic, Estonia, Greece, Spain, Cyprus, Luxembourg, Malta, Netherlands, Poland, and Portugal.
This action is related to EU Directive (EU) 2023/2226, which amends the EU’s longstanding tax administrative cooperation framework, extending reporting and information-sharing obligations to crypto asset service providers to enhance tax transparency and regulation of crypto asset transactions.
