EU finance ministers have reached political agreement on updated compromise text for revising the Directive on administrative cooperation to implement the Organisation for Economic Co-operation and Development's rules on the Crypto-Asset Reporting Framework and Amendments to the Common Reporting Standard.The rules require reporting as of 2026 by institutions that offer crypto-asset services or electronic money services to customers in the European Union.The rules also update existing automatic exchange of information rules, including provisions targeting advance cross-border rulings of natural persons. Executive summaryOn 16 May 2023, the Council of the European Union (the Council) held an Economic and Financial Affairs Council...