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Regulation and Taxation

European Framework DORA: The Digital Operational Resilience Act (DORA), which imposes a strict framework for managing IT risks on financial enterprises, will apply to cryptocurrency companies licensed under the MiCA directive starting in January 2025.

Tax Transparency in France: The French Court of Auditors wishes to go further than European regulations to trace cryptocurrency holders and ensure they pay their taxes.

New Reporting Obligations: The 2025 Finance Act introduces new reporting obligations for service providers on crypto-assets (DAC8). The EU imposes total tax transparency by 2026, requiring platforms to share identification information with tax authorities. $BNB

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