EU authorities will oblige companies associated with digital assets to provide tax authorities with information about the balances of their customers. Writes about it CoinDesk with a link to the document.
The corresponding Data Sharing Law, based on the model of the Organization for Economic Cooperation and Development, should be agreed next week. The document will allow tax authorities from 27 countries to exchange data.
In part, the bill was developed to combat crypto investors who keep their assets in foreign accounts.
As part of the initiative, a special commission will compile a register of crypto asset operators by December 2025. The new rules will come into effect on January 1, 2026.
According to the document, companies outside the European bloc also fall under the directive. In addition to cryptocurrencies, authorities will track stablecoins and non-fungible tokens (NFTs).
On April 20, the European Parliament approved a bill to regulate the crypto asset market (MiCA), which will come into effect in 2024.
Recall that in April the chairman EBA José Manuel Campa stressed the need to diversify stablecoin reserves.
Later, he proposed giving central banks the right to ban stablecoins that affect EU public policy goals.
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Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!
EU authorities will oblige companies associated with digital assets to provide tax authorities with information about the balances of their customers. Writes about it CoinDesk with a link to the document.
The corresponding Data Sharing Law, based on the model of the Organization for Economic Cooperation and Development, should be agreed next week. The document will allow tax authorities from 27 countries to exchange data.
In part, the bill was developed to combat crypto investors who keep their assets in foreign accounts.
As part of the initiative, a special commission will compile a register of crypto asset operators by December 2025. The new rules will come into effect on January 1, 2026.
According to the document, companies outside the European bloc also fall under the directive. In addition to cryptocurrencies, authorities will track stablecoins and non-fungible tokens (NFTs).
On April 20, the European Parliament approved a bill to regulate the crypto asset market (MiCA), which will come into effect in 2024.
Recall that in April the chairman EBA José Manuel Campa stressed the need to diversify stablecoin reserves.
Later, he proposed giving central banks the right to ban stablecoins that affect EU public policy goals.
Found a mistake in the text? Select it and press CTRL+ENTER
Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!