European Lawmakers Propose Crypto Tax to Fund the European Union
European Parliament lawmakers have strongly supported a continent-wide tax-reporting rule for crypto transactions, aiming to leverage cryptocurrency taxation to fund the annual budget of the European Union. This initiative, worth approximately 170 billion euros ($185 billion), underscores the growing importance of crypto taxation in the EU. The move comes as crypto taxation is climbing up on the European Union’s agenda, with speakers in a Brussels tax symposium highlighting the need to crack down on tax avoidance in crypto.
EU Agreement on Crypto Tax Evasion: DAC8
The European Commission is making progress toward an EU-wide agreement, called the Directive on Administrative Cooperation (DAC8), designed to curb tax evasion. Lawmakers in Strasbourg, France, voted 535 to 57 with 60 abstentions for a favorable opinion on the rule, which would require crypto-asset service providers to report transactions involving European residents. This builds on previous efforts, outlined in the European Parliament resolution of on the impact of new technologies on taxation: crypto and blockchain (2025/2201 (INI)), focusing on the potential of new technologies such as blockchain to combat tax evasion.
Crypto Tax: A Reality Already in Switzerland
While the EU is working towards a comprehensive framework, Paying taxes with digital currencies is actually already the reality in Switzerland, which is leading the European race to bring crypto finance into traditional banking. This demonstrates that a functional system is achievable and provides a model for the EU to follow.
Parliament\'s Commitment to Crypto Taxation and Blockchain
Members of the Parliament of the European Union voted in favor of a non-binding resolution aimed at using blockchain to fight tax evasion and coordinate tax policy on digital assets. 13 de sept. de 2025 European Parliament lawmakers strongly supported the DAC8 rule. This signifies a strong commitment to addressing the challenges and opportunities presented by cryptocurrencies within the EU\'s fiscal landscape.
Looking Ahead: Crypto, Digitalisation, and EU Tax Policy
The EU is taking a holistic approach, recognizing the broader implications of digital assets. The European Commission Calls on the Commission to consider the dimension of crypto-assets, digitalisation and new technologies in all its planned and future legislative proposals on tax. This proactive stance aims to ensure that EU tax policy remains relevant and effective in the face of rapidly evolving technological advancements.