Abstract:A press release was issued by the Council of the European Union on October 17, announcing the adoption of a directive that modifies the EU regulations pertaining to administrative cooperation in the field of taxation. The directive primarily focuses on enhancing the reporting and automated exchange of information concerning income generated from transactions involving cryptocurrency assets, as well as advance tax rulings specific to high-net-worth individuals.

A press release was issued by the Council of the European Union on October 17, announcing the adoption of a directive that modifies the EU regulations pertaining to administrative cooperation in the field of taxation. The directive primarily focuses on enhancing the reporting and automated exchange of information concerning income generated from transactions involving cryptocurrency assets, as well as advance tax rulings specific to high-net-worth individuals.
They want to enhance cooperation between national taxation authorities (DAC8), as well as strengthen the existing legislative framework. The authorities want to expand the scope for registration and reporting obligations and overall administrative cooperation of tax administrations.
“Additional categories of assets and income, such as crypto-assets, will now be covered. There will be a mandatory automatic exchange between tax authorities of information which will have to be provided by reporting crypto-asset service providers,” reads the press release.
They want to build on the definitions established in the MiCA regulations and cover a wide scope of cryptocurrency assets, including stablecoins, e-money tokens, as well as certain non-fungible tokens (NFTs).
DAC8 is interested in granting tax collectors jurisdiction for monitoring and evaluating crypto transactions carried out by individuals or entities within any other member state of the EU. DAC8 currently complies with the Crypto-Asset Reporting Framework (CARF) and the regulations specified in MiCA.


FCA warns Swift TradeX in a notice first published and updated on 1 September 2026. The UK Financial Conduct Authority says the firm may be providing or promoting financial services without permission, is not authorised, and may be targeting people in the UK. The notice names the website swifttradexai.com, a Worcester address and a UK telephone number, but also cautions that unauthorised businesses may use incorrect or borrowed contact details. The confirmed issue is authorisation status—not a court finding about every transaction. Anyone considering a payment should stop, verify the firm independently, and avoid using contact information supplied by the platform itself.

Did mirrox, a brokerage firm, ask you to keep your margin level above 250%-300% and make you add funds immediately if it dropped below it? Did the broker prevent you from opening a trade despite having a healthy equity balance? Did it close your trading account upon a withdrawal request? Many traders have raised these concerns online while sharing their respective mirrox reviews. This article aims to examine these user allegations while answering the popular question: Is mirrox legit or a scam?

People searching NXG MARKETS regulation or regulation NXG MARKETS need to separate an overseas licence from permission in India. The Reserve Bank of India Alert List, updated 19 November 2025, names NXG Markets and nxgmarkets.com. RBI says listed entities are neither authorised to deal in forex under FEMA nor authorised to run an approved forex electronic trading platform. The broker's own site also says it does not serve residents or citizens of India. This NXG MARKETS review found an overseas Mwali licence record, but no RBI authorisation. No cited court ruling proves fraud. For an Indian user, the local warning and service restriction should control the decision.

Neomarkets, a Kazakhstan-based brokerage firm, is facing some allegations of fund scams and unfair charges. These charges were reportedly on both deposits and withdrawals. As negative Neomarkets reviews became prominent on broker evaluation platforms, it was important to inspect these allegations and understand its regulatory scope. We have covered these in this article.