EU Crypto Firms Will Have to Provide User Details to Tax Authorities Starting in 2026



Starting in 2026, crypto firms in Europe will be required to provide financial details of their account holders to tax authorities in an effort to combat tax evasion. The European Union's finance ministers have unanimously approved rules that will include crypto assets in the existing framework for exchanging data between tax authorities. This move aims to track criminal funds denominated in cryptocurrencies and contribute to financial stability and the fight against terrorism financing and money laundering.
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