The European Commission has launched formal infringement proceedings against multiple EU member states for failing to correctly implement new crypto tax transparency and regulatory requirements.
The action focuses on delays and incompatibilities linked to amendments to the Directive on administrative cooperation covering crypto-assets and certain financial accounts.
According to the Commission, these rules aim to strengthen tax transparency and improve information sharing between national authorities across the bloc.
Letters of formal notice were sent to Belgium, Bulgaria, Czechia, Estonia, Greece, Spain, Cyprus, Luxembourg, Malta, the Netherlands, Poland and Portugal.
The Commission said these countries have not fully transposed the updated directive into national law within the required timeframe.
Under EU procedures, the affected member states now have two months to respond to the notices and complete the transposition process.
Failure to act within this period could lead to further escalation, including a reasoned opinion from the Commission.
The directive seeks to close gaps in tax reporting by expanding cooperation on crypto-asset transactions and related financial activities.