[EU Warns 12 Member States for Failing to Implement Crypto Tax Rules] BlockBeats News, February 2, according to Crowdfund Insider, the European Commission has intensified enforcement of its regulatory framework for crypto assets. It has initiated infringement procedures against several member states for failing to implement or comply with the new EU crypto asset tax and market rules. In the latest batch of infringement decisions, the European Commission stated that it has sent formal notices to 12 member states for failing to fully transpose EU rules on crypto asset tax transparency and information exchange into their national laws. These 12 countries are: Belgium, Bulgaria, Czech Republic, Estonia, Greece, Spain, Cyprus, Luxembourg, Malta, Netherlands, Poland, and Portugal. This action pertains to Directive (EU) 2023/2226. The directive revises the EU's long-standing framework for administrative cooperation in taxation, extending reporting and information-sharing obligations to crypto asset service providers to enhance tax transparency and regulation of crypto asset transactions.