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EU sanctions to Russia include crypto platforms for the first time

The European Union has unveiled its 19th set of sanctions on Russia that target crypto platforms and crypto transactions for the first time.

CHART: How bitcoin and crypto are taxed in the EU

With Italy likely raising rates by 50%, it may be helpful to see which countries offer the best and worst tax rates on cryptocurrencies.

The EBA and other top finance watchdogs will investigate banks’ exposure to non-banks, including hedge funds and crypto.

Alongside rising rates of crypto crime, Ukraine has also lost $81 million in taxes in the past 10 years through unregulated crypto exchanges.

The European Central Bank believes that the digital Euro will help Europe move closer to widespread adoption of digital payments.