The EU plans to implement a unified tax for the crypto industry, which is expected to generate €20 billion in revenue over a seven-year budget cycle.

CoinFeed reported on May 30th, citing Politico, that the European Commission estimates that implementing a unified EU tax system for crypto companies during the new seven-year budget cycle from 2028 to 2034 could generate approximately €20 billion in additional revenue. It is estimated that a 0.1% tax on crypto transactions could bring in €3 billion to €4 billion annually, while a crypto capital gains tax could generate €1 billion to €2.4 billion annually. This tax proposal aims to broaden the funding channels for the EU's common budget, and the relevant plans are currently in the negotiation stage among member states.