According to the official press release, the EU Council has reached a consensus on its position on amending the Directive on Administrative Cooperation in the Field of Taxation. The amendment mainly involves the reporting and automatic transaction information of income from crypto asset transactions, as well as advance tax ruling information for high net worth individuals. The purpose is to strengthen the existing legislative framework by expanding the scope of registration and reporting obligations and the overall administrative cooperation of tax administration departments. The directive covers a wide range of crypto assets, based on the definition set out in the Crypto Asset Market Regulation (MiCA) adopted by the Council today. In addition, those crypto assets issued in a decentralized manner and stablecoins, including electronic currency tokens and certain NFTs are also included in this scope.