Netherlands seeks opinion on crypto tax monitoring law to align with EU
,the Dutch government has sought public opinion on a proposed law that would require encryption service providers (such as exchanges) to collect and share user data with local tax authorities to comply with EU regulations.
The Dutch Ministry of Finance stated in a press release on October 24th: "The purpose of this bill is to increase transparency in cryptocurrency ownership to prevent tax evasion and avoidance."
Under the new law, tax authorities will share data collected by service providers about residents of other EU countries with tax authorities in those countries, as stipulated by the EU-wide cryptocurrency tax reporting rules (DAC8) passed last year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
241127: Trump’s Crypto Plan: SEC’s Role Diminishes as CFTC Steps In
Donald Trump's administration is reportedly considering shifting crypto regulation to the Commodity Futures Trading Commission (CFTC), potentially reducing the Securities and Exchange Commission's (SEC) role. The move could grant the CFTC oversight of crypto spot markets and exchanges for digital a
Goldman Sachs warns Trump tariff proposals could fuel inflation
Japanese listed company Remixpoint plans to buy another $3.27 million worth of Bitcoin