EU Implements New Crypto Tax Reporting Rules Ahead of 2024
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Dec 28 2025- New Regulation Implementation: Starting January 1, 2024, the EU will enforce new crypto tax reporting requirements under the DAC8 directive, mandating crypto service providers to report user and transaction data to tax authorities, thereby enhancing intergovernmental information sharing efficiency.
- German Tax Advantage: Germany exempts profits from trading digital assets held for over a year from taxation, and short-term trading profits below €1,000 are also tax-free, maintaining this policy despite political pressure, which continues to attract a significant number of investors.
- Portugal Tax Changes: In 2023, Portugal imposed a 28% tax on profits from crypto assets held for less than 365 days, although long-term holdings remain tax-exempt, a shift that may influence investor decisions moving forward.
- Asia's Tax-Friendly Policies: Countries like the UAE and Singapore set individual investors' income and capital gains tax rates at 0%, drawing a substantial influx of crypto investors and further solidifying these regions' positions as global crypto hubs.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
