The Dutch government has initiated a public consultation regarding proposed laws aimed at enhancing transparency for cryptocurrency ownership and preventing tax avoidance and evasion. This new legislative initiative requires crypto service providers, like exchanges, to collect and share their user data with the local tax authority in line with EU regulations. Currently, cryptocurrency owners in the Netherlands are obligated to report their holdings to the tax authority, the Belastingdienst. The proposed legislation also mandates that data collected by tax agencies will be shared with non-EU nations that have similar agreements. This new framework is designed to reduce the administrative burden on crypto service providers, allowing them to report only where they are registered. The Ministry of Finance emphasizes that the legislation will improve insight into cryptocurrency and ensure equitable taxation within the EU. Public feedback on these proposals is expected by November 21, with the government's goal to present the bill to the House of Representatives in the second quarter of 2025.

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