Exploring the current state of cryptocurrency taxation in the European Union

Disclaimer: This is not tax advice. Criteria are simplified to provide a contextual overview. Top line progressive income tax rates depend upon each private individuals’ situation and are generalized for means of comparison. Temporary tax cuts due to the coronavirus pandemic are not included.

Recently, there has been a lot of talk coming from within various European Union (EU) institutions relating to blockchain, cryptocurrency and, in particular, stablecoin regulation. The EU acknowledges the economic importance of a clear regulatory framework for the crypto-asset sector and wants to release a comprehensive framework for the crypto-asset sector by 2024.