
EU seeks new taxes for 2028-2034 budget, including a crypto transaction levy
- —The EU budget for 2028-2034 is estimated at nearly 2 trillion euros
- —A 0.1% tax on crypto transactions would raise 3-4 billion euros a year
- —Malta and Luxembourg oppose the crypto tax
- —Introducing the tax requires unanimity among all EU countries
Why it matters: An EU-wide tax on crypto transactions would raise costs for traders and investors in the bloc, but veto power lets crypto-friendly countries block the initiative.
Source: Cryptoast
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