Chain News Daily Official TheBitTimes.com

This morning, bitcoin (BTC) investors cheered news of a supposed plan by Dutch lawmakers to authorize the creation of a strategic bitcoin reserve (SBR). Unfortunately, the post on X quickly earned a community note, putting an end to the excitement. “They are not. It is just a proposal,” someone commented, noting that the man speaking doesn’t speak on behalf of the legislature of the Netherlands. “This is an old video. And everyone voted against it,” someone else commented. Various posts about the non-existent news went viral. Complaints about the fake news turned out to be completely accurate. Indeed, the man speaking about the old proposal, Thierry Baudet, is a Forum for Democracy opposition speaker representing only three of the 150 seats in the Dutch House of Representatives. No SBR exists in the Netherlands, and Dutch lawmakers haven’t passed any bill authorizing one . News that never happened: Governments buying bitcoin reserves Read m...

The Dutch government is asking for feedback on a proposed bill that would require crypto service providers to exchange customer data with its tax authority, in order to align with EU legislation. The bill will essentially put into Dutch law the European DAC8 Directive , which will come into effect across the EU on January 1, 2026. It requires crypto providers to annually collect, verify, and share user data with the tax authorities of all member states. In addition, this Dutch bill will make the data accessible to non-EU countries that are also part of the OECD Crypto-Asset Reporting Framework (CARF). These countries include the US, Canada, Australia, the UK, Japan, Korea, Singapore, and South Africa. CHART: How bitcoin and crypto are taxed in the EU Read more: Dutch police reveal darkweb probe behind $8.7M crypto seizure The Dutch government plans to submit the bill by the second quarter of 2025. Its introduction won’t change anything for Dutch crypto owner...