European Commission Targets Crypto Tax Gaps, Pressures 13 States Over MiCA Compliance
Key Takeaways:EU Pushes Crypto Tax Transparency Across Member StatesDAC8 Brings Crypto Into Tax Reporting RulesHungary Flagged for Breaching MiCA Standards
Alongside tax enforcement, the Commission also opened a separate infringement case against Hungary for failing to comply with the Markets in Crypto-assets Regulation (MiCA).
The action follows Hungary’s adoption of Act LXVII of 2025, which amended its national crypto law and introduced a new authorization regime for so-called “exchange validation services.” According to the Commission, this regime includes criminal liability requirements that do not exist under MiCA.
The result has been market disruption. Other crypto-asset service providers have been reported to halt or withdraw services because it appears that the legal grey waters and compliance risks are excessive. The Commission indicates that although Hungary is trying to strengthen AML and counter-terrorist finance controls, national regulations remain powerless as to override EU regulations that are directly effective.
Hungary has two months to respond. Otherwise, unless it is turned around, the case may continue to rise higher.
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