EC – DIGIT INFO

Brussels Wants All Crypto Service Providers to Report Transactions of Europeans

DIGIT — Fri, 09 Dec 2022 12:30:00 +0000

The European Commission has set out to oblige platforms processing crypto transactions for EU residents to share information with tax authorities in the Union. According to the proposal, all crypto service providers, regardless of where they are based, will have to abide by the new rules. EU to Consider New Reporting Requirements for Crypto Platforms […]

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Brussels Set to Begin Talks on EU Crypto Tax, Report Reveals

DIGIT — Sat, 12 Nov 2022 07:30:22 +0000

The European Commission is preparing to discuss with member states the adoption of a common tax regime for crypto assets, European officials have indicated. The talks with national treasuries are expected to start next year with the aim to end the differentiated tax treatment of cryptocurrencies across the bloc’s 27 jurisdictions. European Union to Consider […]

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European Lawmakers Urge for Crypto Taxation, Use of Blockchain to Fight Evasion

DIGIT — Fri, 07 Oct 2022 00:30:33 +0000

Members of the European Parliament have called for “effective taxation” of crypto assets and “better use of blockchain” to counteract tax evasion. A resolution aiming to achieve both objectives has been approved by a large majority which also wants small crypto traders to enjoy a simpler tax regime. European Parliament Adopts Framework for Uniform Taxation […]

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Europe’s MiCA Crypto Rules Submitted, ECON Committee to Vote in Mid-March

DIGIT — Wed, 09 Mar 2022 13:30:43 +0000

The European Union’s regulatory proposal for crypto markets, MiCA, has been filed with the European Parliament. The latest version of the draft framework does not feature a controversial provision that could have effectively prohibited cryptocurrencies like bitcoin that rely on proof-of-work mining. Economic and Monetary Affairs Committee to Vote on Latest MiCA Draft on March […]

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Proof-of-Work Ban Removed From Europe’s Proposed Crypto Regulation

DIGIT — Thu, 03 Mar 2022 10:30:11 +0000

A text threatening to prohibit cryptocurrencies relying on energy-intensive proof-of-work mining has been deleted from the draft legislation aimed at regulating the European crypto space. The move comes after the controversial provision sparked objections from the crypto community. MiCA Proposal Drops Ban on Proof-of-Work Coins Wording that could have banned cryptocurrencies with proof-of-work (PoW) mining, […]

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EU Members Want to Task New AML Watchdog With Crypto Oversight, Report Unveils

DIGIT — Wed, 23 Feb 2022 23:00:16 +0000

A group of EU nations have reportedly been lobbying to entrust oversight of the crypto space to a new anti-money laundering (AML) agency. Behind the move are concerns that companies dealing with digital assets can be engaged in the processing of illicit funds. Germany Leads Push to Place Crypto Firms Under EU Anti-Money Laundering Supervision […]

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European Commission to Launch Digital Euro Consultations in March, Propose Bill Early Next Year

DIGIT — Mon, 14 Feb 2022 09:30:39 +0000

The executive arm of the EU is gearing up to start public consultations on the digital euro project next month. The European Commission will also prepare new legislation to establish the legal basis for the digital version of the common European fiat. A draft is expected in 2023. EU Finance Chief Announces Legislative Plan for […]

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EU Mulls AML Authority and New Rules for Crypto Transfers, Documents Suggest

DIGIT — Thu, 08 Jul 2021 16:30:21 +0000

The European Union is preparing to set up an anti-money laundering agency to coordinate national supervisory authorities. According to a media report based on EU documents, the bloc also plans to impose new rules to increase transparency for cryptocurrency transfers. Europe Steps Up Anti-Money Laundering Efforts on Union Level In response to calls for enforcement […]

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A Step-by-Step Guide to Splitting ABC Fork Tokens from Bitcoin Cash

DIGIT — Fri, 27 Nov 2020 17:30:55 +0000

On November 15, the Bitcoin Cash blockchain underwent a scheduled upgrade but also the chain saw a consensus split, and the network bisected into two. After the split, numerous users have been looking for methods in order to split their coins in order to store them separately or sell the unwanted tokens on an exchange. […]

The post A Step-by-Step Guide to Splitting ABC Fork Tokens from Bitcoin Cash appeared first on Bitcoin News.

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OECD tax director says international crypto tax standards are coming in 2021

DIGIT — Fri, 27 Nov 2020 03:47:38 +0000

The director of the OECD’s tax center has revealed that the organization expects to release a tax reporting standard for crypto assets by the end of next year.

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