The European Union is forcing the Netherlands and Portugal to implement new tax rules for cryptocurrencies

2026-02-14 06:07:48

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The European Commission is taking decisive action to ensure compliance with the new EU regulatory frameworks for crypto assets. In its latest wave of violation notices, the agency sent official notifications to 12 member states, including the Netherlands and Portugal, for inadequate implementation of EU transparency tax regulations in the crypto sector.

EU Commission strengthens enforcement against member states

Enforcement procedures initiated by the European Commission focus on the failure to properly implement EU rules regarding digital asset taxes and information exchange. According to ChainCatcher, these actions are part of a broader strategy to enhance oversight of crypto markets across the Union. The Netherlands and Portugal are among the countries that must urgently align their national legislation with the new EU standards.

12 member states targeted — including the Netherlands and Portugal

In addition to the Netherlands and Portugal, formal notices were also sent to Belgium, Bulgaria, the Czech Republic, Estonia, Greece, Spain, Cyprus, Luxembourg, and Malta. The expansion of the list of countries required to comply suggests the scale of the challenge for the EU to unify regulatory approaches in the innovative financial sector. The Commission emphasizes that each member state must ensure full transparency in the exchange of data related to crypto transactions to combat money laundering and tax evasion.

Directive 2023/2226: new reporting obligations for the sector

This enforcement action pertains to EU Directive 2023/2226, which amends the longstanding EU administrative cooperation framework in taxation. The directive significantly expands reporting obligations, requiring providers of crypto-related services to share detailed information about transactions and users. These regulations aim to strengthen tax transparency and enable more effective regulatory tracking of capital flows within the crypto industry.

For the Netherlands, Portugal, and the other involved countries, this means reviewing and updating national reporting systems and the cooperation structures between tax authorities and crypto service providers. Failure to comply with these requirements could lead to further proceedings and potential sanctions from the European Commission.

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