EU Unveils Unified Tax Plan for Cryptos and Gambling

The European Union is set to introduce a unified tax system for cryptocurrencies and online gambling, aiming to generate approximately €20 billion in revenue between 2028 and 2034.

The proposed framework would streamline taxation rules across member states, reducing fragmentation and improving compliance efficiency. This move reflects the EU's strategy to regulate fast-growing digital economies more effectively.

The unified tax system would apply standardized reporting requirements for cryptocurrency transactions, including trading, staking, and decentralized finance activity. Online gambling revenues would also be subject to consistent taxation across EU jurisdictions.