The EU Officially Approves New Regulations for Sharing Crypto Tax Data

EU Formally Agrees on New Crypto Tax Data Sharing Rules

“The directive aims to enhance the capacity of Member States to identify and combat tax fraud, avoidance, and evasion by mandating all crypto-asset service providers operating within the EU, regardless of their scale, to report transactions initiated by EU-resident customers,” stated the Commission in a Tuesday press release.

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