According to news on May 10, a senior EU official said that EU member states unanimously support sharing data on cryptocurrencies held by citizens with tax authorities, or reach a formal agreement on the law next week.
In 2022, the European Commission proposed to curb tax evasion using cryptocurrencies through an eighth amendment to the Directive on Administrative Cooperation.
Expanded existing laws designed to prevent taxpayers from stashing taxable assets in hidden overseas bank accounts.