ChainCatcher reported that according to CoinDesk, the draft EU law shows that the EU plans to force cryptocurrency companies to provide tax authorities with detailed information on their customers' assets. The bill will be agreed upon by finance ministers of various countries next week and will allow tax authorities to share data within the 27-country group.

The bill requires crypto companies to register with tax authorities, and controversially, the law, known as the Eighth Directive on Administrative Cooperation (DAC8), still includes platforms for trading NFTs that can be used for payment or investment, as well as suppliers from outside the EU with EU customers. Overseas crypto companies can report to foreign authorities in accordance with EU regulations. (Source link)