Starting in 2027, Estonia is set to keep a closer eye on crypto transactions. The country's crypto-asset service providers will have to report transactions to the Tax Board. This isn't just about keeping tabs on money. It's about understanding the value of crypto at the time of the trade. Plus, they'll need to know who's involved and how many transactions happened.

This change comes after the Estonian government gave the green light to updates in the Tax Information Exchange Act. These updates align with the EU's Administrative Cooperation Directive. Essentially, Estonia is making sure it follows the EU's rules on tax information sharing. The goal? To make sure all EU tax authorities have the same info by the end of September each year.

But why does this matter? Well, crypto is becoming more mainstream. Governments want to make sure they're not missing out on tax revenue. Plus, tracking crypto transactions can help prevent illegal activities. It's all about transparency and accountability.

Critics might argue that this is just another way for governments to control crypto. But others see it as a necessary step to integrate crypto into the traditional financial system. Whatever the perspective, one thing is clear: Estonia is taking crypto seriously.


# **Estonia to Enhance Crypto Transaction Oversight Starting 2027**

Starting in **2027**, Estonia is set to **keep a closer eye** on crypto transactions.

## **Key Changes**
- **Reporting Requirements**: Crypto-asset service providers must report transactions to the **Tax Board**.
- **Value Tracking**: Authorities will monitor the **value of crypto at the time of trade**.
- **Transaction Details**: Information on **participants and transaction volumes** will be recorded.

## **Why the Change?**
- **EU Compliance**: Updates align with the **EU's Administrative Cooperation Directive**.
- **Tax Information Sharing**: Ensures all **EU tax authorities** have the same data by **September 30** each year.
- **Mainstream Crypto**: Governments aim to **capture tax revenue** and **prevent illegal activities**.

## **Perspectives**
- **Critics**: View it as **government control** over crypto.
- **Supporters**: See it as a **necessary step** for integrating crypto into the traditional financial system.

**Conclusion**: Estonia is **taking crypto seriously** with these regulatory updates.



Estonia's Big Move: Crypto Transactions Under the Tax Microscope

Key Changes

Why the Change?

Perspectives

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