Regulation· ★★★· bearish·

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