<aside> 💡 Over the last three years, EUCI has informed, communicated and collaborated with over 21 national organisations, think tanks and advocacy groups, including Digital Asset Association Austria (DAAA), Sofia Crypto Meetup in Bulgaria, Croatian Association for Blockchain and Cryptocurrency (UBiK), Nordic Blockchain Association, Estonian Cryptocurrency Association, Finnish Cryptocurrency Association Konsensus, ADAN in France, Bundesblock in Germany, Blockchain Hungary Association, Blockchain Ireland, Blockchain Italia, Latvian Blockchain Association (IBAA), The Dutch Blockchain Coalition and Blockchain Netherlands Foundation, New Economy Institute in Portugal, Blockchain Think Tank Slovenia and Spanish Blockchain Association.

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<aside> 💡 By facilitating and organising these calls, EUCI empowers leaders of national organisations, informs them about the latest regulatory and industry events and helps them disseminate the information through their communities. This collaboration has a positive network effect and helps continuously educate communities. At the same time, the joint efforts also present a strong voice which can be further communicated to the European policymakers in a unified way. This help is increasingly important, with National Competent Authorities directly implementing and overseeing tokens issuers and Crypto Assets Service providers with the Market in Crypto Assets Regulation.

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To exchange updates and best practices, EUCI organises monthly calls for all interested national organisations, where information is shared voluntarily. These calls present a continuous discussion on crypto taxes and how they’re imposed in several jurisdictions. The debate is often accompanied by a discussion around various other legal challenges specific jurisdiction deals with at the time of the virtual call. We welcome cross-border collaboration and welcome new organisations to contribute to the conversation as the implementation of crypto regulation and its impact on the Web3 ecosystem heavily depend on the preparedness and understanding exhibited by the national competent authorities. In doing so, EUCI has already embarked on a path of international collaboration, having established connections with organizations such as the Bharat Association in India, Web3 Council from Canada, Thailand banks and regulators, and lawyers interested in forming an advocacy group in South America. We continue extending our support to advocacy groups akin to EUCI in regions like Serbia, where, despite being outside the EU, there is a substantial presence of Web3 projects and a growing community. This global cooperation is essential for fostering a comprehensive understanding of crypto regulation and its impact on the Web3 ecosystem, as it relies heavily on the preparedness and insights shared by national competent authorities worldwide.

Along with a few Reg3 events that several local organisations organised, the information awareness, continuous education and collaboration between EUCI and national organisations underlined the difficulties EU governments may face when MiCA comes fully into effect. We’ve also recognised the need to identify national authorities and help them improve their understanding of DeFi tools, mechanisms and the underlying technology to improve the evaluation processes.