EU Warns 12 Member States for Not Implementing Crypto Tax Rules

2026-02-02 by admin

BlockBeats News, February 2nd, according to Crowdfund Insider, the European Commission has intensified enforcement of the crypto-asset regulatory framework, initiating infringement proceedings against several member states for failing to implement or comply with new EU crypto-asset taxation and market rules.

In the latest batch of infringement decisions, the European Commission stated that it has sent formal notification letters to 12 member states due to their failure to fully transpose EU rules on crypto-asset tax transparency and information exchange into national law. These 12 countries are: Belgium, Bulgaria, Czech Republic, Estonia, Greece, Spain, Cyprus, Luxembourg, Malta, Netherlands, Poland, and Portugal.

This action involves EU Directive (EU) 2023/2226. The directive amends the EU’s long-standing framework for administrative cooperation in taxation, extending reporting and information-sharing obligations to crypto-asset service providers to enhance tax transparency and oversight of crypto-asset transactions.

Deep Chao TechFlow news, February 2, according to JinShi data reports, a CICC research report stated that in the short term, Walsh's nomination has limited impact on the interest rate cut path, but may lead to an expected correction in US dollar liquidity, potentially easing the pressure of US dollar depreciation in phases, making speculative assets driven by liquidity more susceptible to shocks. In the medium term, Walsh's proposals face constraints from within the Federal Reserve, capital markets, and fiscal aspects, and it is still difficult to conclude whether they will ultimately succeed. However, at the same time, one should not underestimate his willingness to adjust policies. Trump's "America First" policy mindset may gradually manifest in the Federal Reserve's policy practices in the coming years. Investors should also prepare and be ready for this potential change.

PANews reported on February 2nd that, according to The Block, the cross-chain liquidity protocol CrossCurve (formerly EYWA) confirmed that its cross-chain bridge protocol is "under attack" due to a vulnerability in its smart contract being exploited, resulting in the theft of approximately $3 million across multiple networks. Blockchain security firm Defimon Alerts discovered that the attack exploited a gateway verification bypass vulnerability in CrossCurve's ReceiverAxelar contract. Analysis shows that anyone can use forged cross-chain messages to call the contract's expressExecute function, bypassing expected gateway verification and triggering unauthorized token unlocking on the protocol's PortalV2 contract. The protocol is backed by Curve Finance founder Michael Egorov and has previously raised $7 million.

BlockBeats News, February 2nd, according to Crowdfund Insider, the European Commission has intensified enforcement of the crypto-asset regulatory framework, initiating infringement proceedings against several member states for failing to implement or comply with new EU crypto-asset taxation and market rules.In the latest batch of infringement decisions, the European Commission stated that it has sent formal notification letters to 12 member states due to their failure to fully transpose EU rules on crypto-asset tax transparency and information exchange into national law. These 12 countries are: Belgium, Bulgaria, Czech Republic, Estonia, Greece, Spain, Cyprus, Luxembourg, Malta, Netherlands, Poland, and Portugal.This action involves EU Directive (EU) 2023/2226. The directive amends the EU's long-standing framework for administrative cooperation in taxation, extending reporting and information-sharing obligations to crypto-asset service providers to enhance tax transparency and oversight of crypto-asset transactions.

PANews reported on February 1st that the World Laureates Summit 2026 (WLS 2026), hosted by the World Laureates Association (WLA) and co-hosted by KuCoin, officially opened in Dubai, UAE. The summit brings together top scientists, representatives from research institutions, and policymakers from around the world to promote dialogue between basic science and public governance within the same context. As one of the co-organizers, KuCoin positions itself as a long-term builder of "trustworthy digital infrastructure," providing underlying trust support for fintech, scientific research collaboration, and public governance through the verifiable, traceable, and collaborative capabilities of blockchain, and emphasizing support for human scientific and technological progress from a long-term technological perspective. The summit, themed "Basic Science: Addressing Human Challenges with Scientific Consensus," emphasizes establishing a more direct connection between basic scientific discoveries and global governance and public policy needs. The "Mobius Forum," held on the first day of the summit, focused on topics such as artificial intelligence, disruptive technologies, new energy sources, and scientific discovery, exploring how to translate scientific insights into actionable future frameworks and long-term public value. At the opening ceremony, UAE President Sheikh Mohamed bin Zayed Al Nahyan and UAE Vice President and Prime Minister, Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum attended and inaugurated the summit. UAE Vice President and Deputy Prime Minister, Chairman of the Presidential Office Sheikh Mansour bin Zayed Al Nahyan, and Dubai Crown Prince, UAE Deputy Prime Minister and Minister of Defense Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum also attended the first day of the summit. The WLS 2026 event will last for three days. On February 2nd, KuCoin will host the "AI x Blockchain Science Forum," focusing on the application prospects of blockchain technology in scientific research collaboration, digital infrastructure, and public governance.