Prepare for losses: the EU and the U.S. are “Switching On” crypto taxes

BTC/USD

Key zone: 60,500 - 64,500

Buy: 65,000 (on a strong positive foundation); target 68,500-71,500; StopLoss 64,000

Sell: 60,000 (on a pullback following a retest of 63,500) ; target 57,500-55,000; StopLoss 61,000

Ordinary regulation is not enough — fiscal authorities are increasingly looking for ways to generate revenue from cryptocurrencies, and this is logical. Europe is discussing new levies on the entire crypto capital turnover, while the U.S. is modernizing outdated tax rules for digital assets.

Let us recall:

Europe views cryptocurrency as part of a global idea — to find new sources of revenue for the EU budget for 2028–2034. The European Commission assumes that new levies on digital services, online gambling, and crypto assets could bring in almost €11 billion per year.

Two options are being discussed:

• A tax on the total volume of crypto transactions — a levy of 0.1% of the transaction value could bring in €3–4 billion annually. For example, if a company or an ordinary user makes a crypto transaction worth €10000, such a levy would amount to €10. Naturally, this tax is included in the price, and retail payment in crypto becomes unprofitable for the buyer.
• A capital gains tax on crypto assets — the tax is charged only on profit. For example, if an investor bought cryptocurrency for €1000 and sold it at a new exchange rate for €1500, the tax base would be €500. Potential revenues from this approach are estimated more modestly — €1–2.4 billion per year.

For now, the European Commission acknowledges that these calculations are “inaccurate,” fears the high volatility of the crypto market, and sees problems with identifying a specific user or transaction.

In the U.S., the approach to crypto taxes is different — for now, it is only an attempt to update tax rules.

Let us recall:

The bipartisan PARITY Act — Digital Asset Protection, Accountability, Regulation, Innovation, Taxation and Yields Act — has already been introduced in the U.S. House of Representatives. The authors of the initiative believe that current rules remain outdated and create uncertainty for investors, companies, and regulators.

• The bill addresses several problematic issues at once. For example, special conditions for dollar-denominated stablecoins, so that it would be easier to “peg” them to cash money.
• The PARITY Act is intended to solve problems for miners and stakers, that is, the issue of “phantom income,” when a person may receive a tax liability before actually selling the asset and receiving money. The document also clarifies rules for crypto loans, charitable donations in digital assets, and professional traders.
• The U.S. Treasury and the IRS are being asked to study the possibility of a de minimis exemption — exempting small transactions from taxation.

In the U.S., cryptocurrencies are already taxed: the IRS treats digital assets as property, not as currency. Therefore, selling, exchanging, or using cryptocurrency may create a taxable event if a person has made a profit.

In Europe, there is still no single crypto tax. MiCA establishes general rules for crypto companies, stablecoins, and service providers, but does not introduce a common tax regime for all EU countries. Therefore, taxation of crypto assets remains at the level of individual states.

And what is the result?

The difference between the EU and the U.S. looks like this: Europe first forms the crypto services market and then discusses new sources of budget revenue, while the U.S. is trying to close several gaps at once — in regulation, asset classification, and tax reporting.

For us, ordinary users, what matters is that on both sides of the Atlantic Ocean, the crypto industry is gradually leaving the gray zone: first through regulation, and then through clearer tax mechanisms. We will have to get used to it.

So we act wisely and avoid unnecessary risks.

Profits to y’all!