The European Commission has published proposals to revise the Directive on administrative cooperation to implement the Organisation for Economic Co-operation and Development’s (OECD) rules on reporting for crypto-assets.The rules will require institutions offering crypto-asset services or e-money services to customers in the European Union (EU) to report, with 2026 as the first year to report on (by 31 January 2027).The proposed rules also contain updates to existing automatic exchange of information rules, including establishing minimum penalties for non-compliance across all aspects of automatic exchange of information and provisions targeting high net worth individuals.Executive summaryOn 8 December 2022, the European Commission...