The European Union's Markets in Crypto-Assets Regulation (MiCAR) will be implemented in phases starting in 2024, establishing a unified regulatory framework for crypto assets. Stablecoins, including ART and EMT, will be subject to the strictest rules, while other crypto assets will primarily require disclosure. Crypto Asset Service Providers (CASPs) must obtain a single license to operate across EU borders, with a transition period extending to 2026. Although MiCAR itself does not address taxation, it will work in conjunction with the DAC8 directive, set to be implemented in 2026. Under DAC8, CASPs will report transaction data to tax authorities, facilitating a unified, transparent, and traceable regulatory and tax compliance system across the EU.