EU Escalates Pressure on Member States Over Delayed Crypto Regulation
The European Commission has issued a stark warning to twelve member states for failing to implement the EU's crypto asset tax directive. Belgium, Spain, Greece, and the Netherlands are among those facing potential legal action. The Markets in Crypto-Assets (MiCA) framework—designed to standardize regulations across the bloc—remains hampered by sluggish adoption.
Hungary faces particular scrutiny for passing legislation that conflicts with MiCA. Brussels' frustration reflects a broader concern: regulatory delays risk ceding oversight of the crypto sector to jurisdictions with weaker investor protections. The Commission has set a two-month deadline for compliance before initiating infringement procedures.