{"id":63672,"date":"2025-11-27T20:05:58","date_gmt":"2025-11-27T20:05:58","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/eu-introduces-new-crypto-data-sharing-rules-for-crypto-asset-service-providers\/"},"modified":"2025-11-27T20:05:58","modified_gmt":"2025-11-27T20:05:58","slug":"eu-introduces-new-crypto-data-sharing-rules-for-crypto-asset-service-providers","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/eu-introduces-new-crypto-data-sharing-rules-for-crypto-asset-service-providers\/","title":{"rendered":"EU introduces new crypto data-sharing rules for crypto-asset service providers"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/eu-flag-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/eu-flag-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/eu-flag-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/eu-flag-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Crypto firms operating in the EU must report transactions and holdings in a standardised format.<\/li>\n<li>Regulators will gain wider access to user data, raising privacy concerns.<\/li>\n<li>ESMA may oversee major exchanges, centralising EU crypto supervision.<\/li>\n<\/ul>\n<p>The European Union has unveiled a <a href=\"https:\/\/eur-lex.europa.eu\/legal-content\/EN\/TXT\/?uri=OJ:L_202502263\">new set of rules<\/a> that will significantly change how crypto-asset service providers operate across the bloc.<\/p>\n<p>These changes are set to take effect on January 1, 2026, marking one of the EU\u2019s most ambitious attempts to tighten control over crypto activities.<\/p>\n<p>The rules will introduce standardised reporting requirements that will give tax authorities deeper visibility into the cryptocurrency market.<\/p>\n<h2>Tougher reporting requirements are coming<\/h2>\n<p>At the heart of the new framework is the expansion of the Directive on Administrative Cooperation, known as DAC8.<\/p>\n<p>This update requires crypto exchanges, wallet providers, and other digital-asset operators to report customer holdings and transactions in a standardised digital format.<\/p>\n<p>Once submitted, these reports will be automatically shared among EU tax authorities, enabling regulators to monitor crypto flows and trading activity more effectively.<\/p>\n<p>The regulation, formalised under Implementing Regulation (EU) 2025\/2263, also mandates the creation of a comprehensive Crypto-Asset Operator register.<\/p>\n<p>Each reporting operator will receive a unique 10-digit identification number, starting with an ISO country code, to simplify cross-border supervision.<\/p>\n<p>Even when an operator is removed from the register, the information must be retained for up to 12 months, ensuring continuity in regulatory oversight.<\/p>\n<p>Member states are expected to submit annual assessments to the European Commission using standardised reporting templates.<\/p>\n<h2>Privacy under the microscope<\/h2>\n<p>While the regulation is framed as a measure to combat tax fraud, financial crime, and market abuse, it raises significant privacy concerns for crypto users.<\/p>\n<p>The Transfer of Funds Regulation, which extends the so-called \u201ctravel rule\u201d to crypto transactions above \u20ac1,000, already requires identification of both senders and recipients, including interactions with self-hosted wallets.<\/p>\n<p>Users may also be asked to verify ownership of their private wallets.<\/p>\n<p>Combined with DAC8, these measures give regulators unprecedented insight into individual trading behaviour, wallet flows, and the activities of service providers.<\/p>\n<p>The European Commission\u2019s broader regulatory package works alongside the <a href=\"https:\/\/coinjournal.net\/news\/europes-mica-will-take-effect-on-sunday-ushering-in-a-new-age-of-transparent-crypto-regulation\/\">Markets in Crypto-Assets framework (MiCA)<\/a> and upcoming anti-money laundering rules.<\/p>\n<p>Large crypto operators will be expected to carry out detailed customer due diligence, report suspicious activities, and disclose energy consumption for their operations.<\/p>\n<p>Supporters of the new rules, including ECB President Christine Lagarde, argue that a unified EU approach will replace fragmented national supervision, which has historically hindered consistent enforcement.<\/p>\n<p>However, the plan to give the European Securities and Markets Authority direct oversight over major cross-border exchanges and clearing houses has drawn criticism from smaller financial hubs, including Luxembourg, Malta, and Ireland.<\/p>\n<p>They warn that consolidating supervisory powers could raise compliance costs and disadvantage operators in smaller jurisdictions.<\/p>\n<p>The Financial Stability Board, the G20\u2019s leading financial watchdog, also recently noted that strict privacy laws worldwide often impede cross-border cooperation.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/eu-introduces-new-crypto-data-sharing-rules-for-crypto-asset-service-providers\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Crypto firms operating in the EU must report transactions and holdings in a standardised format. Regulators will gain wider access to user data, raising privacy concerns. ESMA may oversee major exchanges, centralising EU crypto supervision. The European Union has unveiled a [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":63673,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/63672"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=63672"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/63672\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/63673"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=63672"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=63672"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=63672"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}