EU Crypto Tax Reporting Rule Clears Final Hurdle to Passage

European Parliament lawmakers Wednesday backed a bloc-wide tax-reporting rule for crypto transactions, clearing the way for its finalization.

Lawmakers in Strasbourg, France, voted 535 to 57 with 60 abstentions for a favorable opinion on the rule, which would require crypto-asset service providers to report transactions involving European Union clients to the bloc’s tax authorities. It would take effect in 2026.

• The rule, known as DAC8, would amend the EU Directive on Administrative Cooperation (DAC), which sets out categories of assets for which tax authorities in EU countries should automatically exchange information. Once crypto data starts to be reported, EU tax ...