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Tag: bitcoin

DAC-8: Navigating Cryptocurrency Regulations in the EU

The Directive on Administrative Cooperation (DAC) serves as the primary legal framework governing the exchange of information among EU tax authorities. Enforced since 2014, DAC plays a crucial role in fostering tax cooperation among EU Member States by combatting tax evasion, money laundering, and other financial crimes. The recent proposal of DAC8 by the European…
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Cryptocurrency regulations in the United Kingdom

From 10 January 2020, the Financial Conduct Authority (FCA) became the anti-money laundering and counter terrorist financing (AML/CTF) supervisor for cryptoasset businesses. Also, the FCA is part of the United Kingdom’s Cryptoassets Taskforce. The Cryptoassets Taskforce report lays out the UK’s policy and regulatory approach to cryptoassets and distributed ledger technology in financial services. It…
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