EU To Introduce New Rules on Sharing Crypto Tax Data

“Under Commission plans unveiled in December, which apply to holdings of crypto and some non-fungible tokens (NFTs), any company with EU clients will have to register in the bloc in order to report digital assets to tax authorities.””The commission’s tax proposals could have been vetoed by any of the bloc’s 27 member countries, who meet in a grouping known as the EU’s Council. The Council has so far held discussions on the bill largely behind closed doors, and has not yet published a draft of the agreed text.”

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