📰 Cryptocurrency law in the EU: what do you need to know?

One of the missions of our Bitomat.com blog is to keep you informed about developments in the cryptocurrency market, especially in the context of the law.

⚖️ The situation in the European Union in this regard is quite complicated - regulators often make it difficult to understand new regulations, even for lawyers and legal advisors.

🎤 Invest Cuffs 2025: Who explained the complexities?

During the Invest Cuffs 2025 conference in Krakow, an expert appeared on our Bitcoin ATM wall:

• clarified problems with the classification of stablecoin under tax law,
• discussed why our privacy is disappearing,
• and how regulators are trying to seal the fiscal regime for cryptocurrencies.

🧠 What is not being talked about, but should be?

Another guest on our wall was Marcin Michna - legal counselor, tax advisor and co-founder of the PayCoinTax cry ptocurrency tax settlement application.

🧾 The MiCA Act - is it really the most important?

In the interview, we touched on the Markets in Crypto Assets (MiCA) Act, which has been at the center of discussion for the past 12 months. However...

It is not MiCA that directly affects cryptocurrency users.

👥 MiCA applies mainly to service providers (exchanges, exchange offices), not to customers themselves. Meanwhile, other legislation directly affects users.

🕵️♂️ The Travel Rule—Does This Mean the End of Security?

Along with the MiCA, the Travel Rule legislation also went into effect:

• obliges service providers to share customer information,
• Which forces the acquisition of this information in advance,
• That's why the exchanges require us, among other things, to indicate whether the portfolio belongs to us.

🔒 The end of independence from the financial system?

Another regulation will come into effect in the coming months:

📅 DAC8 - full control as of 2026

DAC8 requires exchanges to report customer activities to the IRS on an annual basis.

⚠️ This will only apply to:

• MiCA-licensed exchanges,
• will not include DEXs (decentralized exchanges),
• nor non-EU platforms that do not actively market in Europe.

💰 Do you have to pay tax on stablecoin?

We also touched on the topic of stablecoin taxation - an issue that is highly questionable even among tax advisors.

❓ Stablecoin and tax liability

Are stablecoins themselves taxable, or does only their exchange into PLNs trigger tax liability?

- This is a questionable issue," Michna stresses.

📌 The MiCA regulation treats stablecoins as electronic money, a kind of fiat-like asset that theoretically should be reported to the tax authorities.

The problem is:

• This is not the result of Polish legislation, but of the EU definition,
• There is a lack of clear regulations in Polish tax law,
• and tax offices still do not have guidelines in this regard.

⏳ What's next?

At this point, it remains to wait for a Polish law that will unambiguously define the tax treatment of stablecoin.