European Commission Acts Against 12 EU States Over Crypto Tax Rules
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Key Points: European Commission sends notices to 12 EU countries over crypto tax rules. Failure to comply with Directive (EU) 2023/2226 prompts action. Enhanced tax transparency required from crypto-asset service providers. The European Commission, on February 2nd, initiated infringement procedures against 12 EU member states for failing to transpose Directive (EU) 2023/2226 on crypto asset regulations into national law. This move underscores the EU’s commitment to enhancing tax transparency in the crypto sector, mandating compliance by 2026, impacting the operations of crypto-asset service providers significantly. Crypto Industry Faces Compliance Challenges Ahead of 2026 Deadline The European Commission’s notice targets Belgium, Bulgaria, Czech Republic, Estonia, Greece, Spain, Cyprus, Luxembourg, Malta, Netherlands, Poland, and Portugal. These nations have not fully incorporated EU rules on crypto asset tax transparency, necessitating formal infringement actions. The changes demand rapid compliance from affected countries. The directive calls for reporting obligations from crypto-asset service providers, aiming for transparent tax operations within the EU. BingX offers exclusive rewards and top-tier security for new and high-volume crypto traders. It appears that there are no specific quotes available from key players, leadership figures, or experts related to the recent news on DAC8 and MiCA as gathered from the primary sources referenced. Community reactions are limited, but industry insiders stress urgency. The impact on compliance expenses for service providers is anticipated ahead of the directive’s 2026 start date, though no quantified financial impacts are reported. Market Data and Expert Insights Did you know? As of July 2026, full enforcement of DAC8 makes uniform crypto reporting across the EU unprecedented, following historical successes in aligning member states on crypto regulations. Ethereum (ETH) is currently priced at $2,283.49 with a market cap of $275.60 billion as of February 2, 2026. Over 90 days, ETH has declined by 36.55%. Recent trading volume reached $40.22…
Filed under: News - @ February 2, 2026 12:27 am