New Rules on Sharing Crypto Tax Data ‘Unanimously Supported’ by EU Members

New Rules on Sharing Crypto Tax Data ‘Unanimously Supported’ by EU Members


New European Union rules allowing tax authorities to share data on people’s crypto holdings have been unanimously supported by the bloc’s member states, meaning formal agreement on the law is likely next week, a senior official has said.

Last year the European Commission proposed to curb tax evasion using crypto via an eighth amendment to the Directive on Administrative Cooperation (DAC8), widening an existing law that is intended to prevent taxpayers from stashing taxable assets in hidden overseas bank accounts.

“EU ambassadors have unanimously supported DAC8, paving the way for an adoption by the ECOFIN next week,” commission official Benjamin Angel tweeted Wednesday, referring to the regular meeting of

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