EU mulls unified crypto tax, eyes up to €4 billion in annual revenue

The European Union is considering the introduction of a unified tax on the cryptocurrency industry to secure funding for its 2028–2034 budget, Politico reported. In a document submitted to member states and the European Parliament, the European Commission estimated that a 0.1% tax on crypto transactions could generate between €3 billion and €4 billion in annual revenue. It also projected that a tax on crypto capital gains could bring in an additional €1 billion to €2.4 billion per year. However, the Commission acknowledged that the actual tax revenue remains uncertain due to insufficient data. The proposal is currently under review and requires unanimous approval from all 27 EU member states to be implemented.