The European Union and the US-EU Trade Strategy in the Global Cryptocurrency Market
In the context of global trade conflicts, the European Union is pursuing a trade agreement model similar to the UK-US. This aims to mitigate risks arising from tariff spikes and non-tariff barriers in the international cryptocurrency market. Moldova and EU member states are holding their breath, hoping to successfully negotiate to open the door for more free cross-border cryptocurrency transactions.
EU Trade Policy and Customs Management Regarding Cryptocurrency
The EU is cautious in implementing retaliatory measures related to tariffs such as non-tariff barriers and digital service fees. Negotiations between European diplomats and US representatives aim to determine measures to reduce tariffs, especially in areas like blockchain, smart contracts, and token trading. The EU is concerned about the negative impact of overly strong retaliatory measures, which could destabilize the internal cryptocurrency market.
Consistent Tax Increase Standards and Retaliatory Measures in the Cryptocurrency Market
According to informed sources, the US has dropped the demand to eliminate VAT to facilitate easier cross-border cryptocurrency transactions. Instead, they are focusing on eliminating digital service taxes and non-tariff barriers, such as restrictions on domestic products, limiting specific token types, or product safety standard regulations to protect international investors.
Retaliatory Measures and Their Impact on the Cryptocurrency Market
In the negotiation round, the EU proposed a maximum retaliatory tax of up to 50% on goods worth 21 billion euros in response to non-standard tariff actions from the US. Countries like France, Italy, and Hungary all want to maintain negotiation measures to avoid significant losses for the cryptocurrency market. In particular, these measures aim to put pressure on the US to reconsider its tariff policy, promoting cooperation on the Blockchain financial ecosystem and digital tokens.
Bilateral Cooperation in International Cryptocurrency Trading
The European Union seeks to expand areas of digital cooperation, especially in smart contracts, safety standards, and tokenized products. Measures such as easing regulatory restrictions, legal standards, and allowing the digitization of traditional assets are being considered as strategic steps to create a level playing field in the global cryptocurrency market. These moves must be based on the consensus of the majority of member states to ensure sustainability and agreement in the development process.
Source: https://tintucbitcoin.com/eu-de-xuat-chien-luoc-thue-blockchain-moi/
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