Spain's Ministry of Finance has issued a release announcing that the Council of Ministers approved legislation on 17 September 2024 for the implementation of new reporting and due diligence obligations for crypto-asset service providers as per Council Directive (EU) 2023/2226 of 17 October 2023 (DAC8). Approved by the European Council in October 2023, DAC8 introduces new reporting and exchange of information rules concerning crypto-asset transactions. EU Member States need to adopt and publ…