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The new rules also require crypto-asset service providers to share mandatory information with tax authorities through an automatic exchange.

Cryptocurrencies like Bitcoin trace transactions via a blockchain record.

Crypto payments can now be traced like bank transfers under new EU law

The package also includes a proposal to create a new EU authority to fight money laundering.

Story bySion Geschwindt

Sion is a freelance science and technology reporter, specialising in climate and energy.

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Siôn Geschwindt