Home Bitcoin EU To Pressure Crypto Experiences Of Consumer Holdings – Bitcoin Journal

EU To Pressure Crypto Experiences Of Consumer Holdings – Bitcoin Journal

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The European Union indicated Thursday that it’s going to make cryptocurrency firms report their European customers’ holdings to tax authorities. The proposed eighth Directive on Administrative Cooperation was beforehand reported on by CoinDesk, and will have wide-reaching implications together with forcing non-EU primarily based firms to must register with tax entities there.

In an announcement, the EU Commissioner for tax, Paolo Gentiloni said, “Anonymity implies that many crypto-asset customers making vital earnings fall below the radar of nationwide tax authorities. This isn’t acceptable.”



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