The EU Considers Unified Tax on the Crypto Industry to Generate Additional €30–40 Billion in Annual Revenue

According to ME News, on May 30 (UTC+8), a document submitted by the European Commission to member states and the European Parliament revealed that the EU is evaluating the possibility of incorporating the cryptocurrency industry into a unified tax system to identify new sources of revenue for the 2028–2034 budget cycle. The document estimates that applying a 0.1% tax rate on cryptocurrency transaction volumes could generate annual revenues of approximately €3 to €4 billion for the EU; taxing capital gains from cryptocurrencies is projected to add an additional €1 to €2.4 billion annually. However, the European Commission also noted that due to insufficient data on the cryptocurrency industry, current revenue projections carry significant uncertainty, and actual outcomes may differ from these estimates. The proposed measures are still under evaluation and would require unanimous approval from all 27 EU member states to be formally implemented. If progress continues smoothly, this could become one of the EU’s most significant discussions on a unified tax policy for the cryptocurrency sector. (Source: ChainCatcher)