MiCA
France's financial watchdog has reminded cryptocurrency companies that only 30% of unlicensed firms have applied for the required Markets in Crypto-Assets (MiCA) license. Regulators note that 40% show no interest in seeking approval, while another 30% remain undecided. Unlicensed operators face cessation of activities in France by July.
Iniulat ng AI
The European Union's DAC8 directive takes effect on January 1, requiring crypto-asset service providers to report user and transaction data to tax authorities. This measure aims to enhance tax transparency in the crypto sector, operating alongside the MiCA regulation. Non-compliance after a July 1 deadline could lead to penalties, including asset seizures for tax evasion.