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May 4, 2026

Crypto Tax Reporting: Does DAC8 have a Wider Reach Than MiCA?

DAC8 marks a significant development in the EU’s treatment of crypto-assets because it moves the sector firmly into the tax transparency framework already familiar in traditional f inance. While the regime is closely linked to MiCA in structure and terminology, it serves a different regulatory purpose: tax reporting and cross-border information exchange rather than market access, licensing, conduct supervision, or prudential regulation.

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Financial Institutions and Supervisory ICT Risk and Cybersecurity Circulars Q1 2026

Chapter 2 and Chapter 3 of the Financial Institutions Rulebook (‘FIR/02’ and ‘FIR/03’), set out the obligation that an Annual Compliance Report (‘ACR’) is to be drawn up by its Compliance Officer. The Compliance Officer is expected to list regulatory breaches identified and their respective status and to come up with an Annual Compliance Monitoring Plan which is approved by the Board of Directors and must detail the outcome of such plan.

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