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2 clusters · 2 sources · 19 days · First seen · Last updated

Global crypto-asset regulatory evolution

Overview

The regulatory landscape for crypto-assets is undergoing significant shifts toward harmonization and increased oversight. In Monaco, the government has proposed Bill No. 1131 to overhaul its existing cryptocurrency framework, aiming to align with the European Union’s Markets in Crypto-Assets (MiCA) regulation and Financial Action Task Force (FATF) standards. This proposal seeks to expand the supervisory powers of the Commission de Contrôle des Activités Financières (CCAF) to address anti-money laundering concerns.

Concurrently, the implementation of MiCA within the European Union is expanding its scope. While MiCA focuses on market supervision, transparency, and investor protection, new frameworks such as the EU’s DAC8 Directive and the OECD’s Crypto-Asset Reporting Framework (CARF) are integrating digital assets into global tax infrastructures. These measures transform crypto intermediaries into gatekeepers for the automatic exchange of information regarding cross-border transactions and wealth.

Entities

European Union · Yamina Tadjeddine · Monaco · MiCA · OECD

Timeline

  1. 11 days ago

    [TECHNOLOGY] 2 sources
    EU crypto regulation expands from MiCA market rules to tax transparency

    The implementation of MiCA in the EU is reshaping the crypto-asset market, while new directives like DAC8 and CARF are expanding regulation into tax transparency and cross-border information exchange.

  2. 30 days ago

    [BUSINESS] 5 sources
    Monaco proposes new crypto-asset regulatory framework

    Monaco has proposed a new law to overhaul its crypto-asset regulations, aligning them with EU MiCA standards and FATF requirements to strengthen financial security and oversight.

Sources

beta-economics.fr · blogs.law.ox.ac.uk