EU Explores Unified Taxes on Crypto Trades and Online Gambling

The European Union is exploring ways to generate new revenue streams for its next budget, and two industries are squarely in its sights: cryptocurrency trading and online gambling.

Under current proposals, a unified tax rate of 0.1% would be applied to cryptocurrency trading volumes across the bloc, generating an estimated €3-4 billion annually. This is in addition to a projected €1-2.4 billion per year from a unified capital gains tax on cryptocurrencies.

The EU's current proposal package targets around €11 billion in new annual revenue, which would be used to fund its next budget. The combined crypto taxes could reach €20 billion across the 2028-2034 budget cycle.