EU Considers Unified Tax System for Crypto Industry

The European Union is evaluating the possibility of incorporating the cryptocurrency industry into a unified tax system, according to a document submitted by the European Commission to member states and the European Parliament. This initiative aims to identify new sources of fiscal revenue for the 2028-2034 budget cycle. According to ChainCatcher, the document estimates that imposing a 0.1% tax on cryptocurrency transaction volumes could generate approximately 3 billion to 4 billion euros annually for the EU. Additionally, taxing crypto capital gains could potentially add around 1 billion to 2.4 billion euros in annual revenue. However, the European Commission has noted that due to incomplete data related to the crypto industry, there is significant uncertainty in these revenue forecasts, and actual outcomes may differ from the estimates. The proposal is still in the evaluation phase and would require unanimous approval from all 27 EU member states to be implemented. If successful, this could become one of the most significant discussions on a unified tax policy for the crypto industry within the EU.