The Dutch government wants to align its data collection rules for crypto service providers with the rest of the EU, saying it would “create more transparency.”
The Dutch government has asked for public input on proposed laws that would require crypto service providers, such as exchanges, to collect and share user data with the local tax authority — aligning with European Union rules.
“The aim of the bill is to create more transparency about the ownership of cryptocurrencies, which can prevent tax avoidance and evasion,” the Netherlands Ministry of Finance said in an Oct. 24 press release.
It added “nothing will change” for crypto owners under the proposed rules as they’re already required to file a tax return of their holdings to the country’s tax authority, the Belastingdienst.
