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European Crypto Providers Should Report Tax Details As per New EU Bill 

Author: Qadir AK

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Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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Crypto providers will have to report details of their EU clients’ transactions to national tax authorities within the bloc, under a bill set to be proposed by the European Commission next week. 

The new law, inspired by international standards designed to curb crypto tax evasion, could also apply to stablecoins, derivatives, and non-fungible tokens (NFTs), and force even non-EU-based crypto providers to register within the bloc, the document reveals.

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