Strengere Europese crypto wetten
In a convincing vote on Wednesday, European lawmakers showed strong support for stricter cryptocurrency taxation laws. According to Bloomberg, a staggering 90 percent of the participants were in favor of the European Union’s plans for tougher taxation laws. These laws aim to make it easier for authorities to monitor cryptocurrency trading activities and profits.
Overview of the Vote
The lawmakers gathered in Strasbourg, with 535 votes in favor of the new plans. There were 57 votes against and 60 lawmakers chose not to vote.
The Directive on Administrative Cooperation (DAC8), the legislative framework being voted upon, was proposed by the European Commission in December. The landslide vote is a significant milestone for supporters of the legislation. If all goes according to plan, the implementation of the new tax rules will take place in 2026.
If the law passes, both cryptocurrency users and platforms will face stricter regulations. For instance, the declaration of cryptocurrency holdings and profits will be more closely monitored.
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The European Union is actively working towards gaining more oversight over the cryptocurrency industry and its users. But that’s not the only aspect of the crypto world where Europe is taking action.
The Digital Euro
The European Central Bank (ECB) is busy finalizing its plans for a digital euro. The digital euro is a central bank digital currency (CBDC) issued by the ECB. Fabio Panetta, a board member of the ECB, is eagerly awaiting the release of this digital currency.
Although many people have concerns about the implications of a digital euro, Panetta assures that there is no need to worry.
“The Eurosysteem will not be able to see personal details of digital euro users or link payment information to specific individuals. Intermediaries will only be able to see user information necessary for onboarding and compliance with existing requirements.”
Panetta stated this in a speech on September 4th. According to him, the digital euro will bring about significant and favorable changes to the European monetary system. He considers it to be “not a risk, but an opportunity for the European financial system.”
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The overwhelming support for stricter crypto tax laws in Europe signifies a significant step towards increased regulation and oversight in the cryptocurrency industry. If implemented, these laws will have implications for both cryptocurrency users and platforms. Additionally, the ECB’s efforts in developing a digital euro showcase Europe’s commitment to exploring the potential of central bank digital currencies. As the digital euro progresses, it is important to address any concerns and ensure transparency and security for users.
Note: This article is for informational purposes only and should not be considered as financial or legal advice.