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The European Union’s Crypto Tax Plans Include Non-Fungible Tokens, Foreign Companies, Draft Text Shows

The bill, dated May 5, closely matches proposals made by the European Commission in December 2022, as part of a bid to stop EU residents stashing crypto abroad to hide it from the taxman. The commission would have to set up a register of crypto asset operators’ by December 2025,

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3 takeaways from the European Union’s MiCA regulations

The European Union has become the first major jurisdiction to pass a comprehensive crypto law, the Markets in Crypto-Assets (MiCA) regulation, which aims to provide legal certainty for the crypto industry and investors by establishing standard regulations and harmonized rules at the EU level. MiCA may ultimately stifle innovation, impose a

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Stablecoin Reserves Need to Be Diverse, European Banking Authority Chief José Manuel Campa Says

The bloc’s Markets in Crypto Assets rules, known as MiCA, are set to take effect as of 2024, but crypto market players should start adjusting their operations now, said José Manuel Campa, whose agency will play a key role in its implementation by drafting subsidiary legislation. Source

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What’s next for EU’s crypto industry as European Parliament passes MiCA?

On April 20, the European Parliament voted to pass the Markets in Crypto-Assets (MiCA) regulation, the European Union’s main legislative proposal to oversee the crypto industry in its member countries. The MiCA regulation is a significant development for the crypto industry in the European Union. Prior to MiCA, crypto companies had

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