#EUPrivacyCoinBan The European Union (EU) has a clear and gradually formalized position on cryptocurrencies. Here are the main points to know as of 2024–2025:

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1. Legislative Framework — MiCA Regulation

In April 2023, the EU officially adopted the MiCA (Markets in Crypto-Assets) regulation — the first major legislation in the world that systematically regulates the cryptocurrency market. It will come into full effect in 2024–2025.

What MiCA entails:

• Requirements for crypto companies — licensing, reporting, anti-money laundering (AML/KYC).

• Regulation of stablecoins — mandatory asset backing.

• Consumer protection and fraud prevention.

• Public disclosure of information about crypto assets prior to their launch (whitepaper).

• Increased transparency in the operations of exchanges and wallets.

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2. Digital Euro

The European Central Bank (ECB) is actively working on the issuance of a digital euro (CBDC). Currently, the preparation phase for implementation is ongoing — testing, consultations with the public and banks.

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3. Tax Regulation

The EU aims to standardize cryptocurrency taxation:

• Member countries are gradually introducing rules for declaring profits from cryptocurrency.

• Some countries (Germany, Portugal)