European Parliament lawmakers propose taxing crypto assets to support the EU budget

ChainCatcher news, European Parliament lawmakers have proposed taxing crypto assets to support the EU's €170 billion (approximately $185 billion) budget. The published draft includes taxes on investors' capital gains, trading, and cryptocurrency mining.

According to reports, French MEP Valérie Hayer and Portuguese Social Democrat José Manuel Fernandes stated that, given the high liquidity of crypto assets and the scale of cross-border transactions, regulating and taxing crypto assets at the EU level is more efficient than at the national level. (source link)