Change in EU legislation


The European Union has recently enacted new legislation requiring cryptocurrency companies to disclose their clients’ assets, which will then be shared with tax authorities.

This directive covers various types of digital assets, including stablecoins, non-fungible tokens (NFTs), electronic money tokens, and decentralized crypto-assets.

According to the European Council, service providers related to crypto-assets will be obligated to provide relevant information for automatic exchange between tax authorities.

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