The European Union’s Crypto Tax Plans Include Non-Fungible Tokens, Foreign Companies, Draft Text Shows

The invoice, dated Might 5, intently matches proposals made by the European Fee in December 2022, as a part of a bid to cease EU residents stashing crypto overseas to cover it from the taxman. The fee must arrange a register of crypto asset operators’ by December 2025, bringing ahead a earlier deadline by one yr, and the foundations will apply as of Jan. 1, 2026.