Spanish left-wing party proposes 47% high tax on cryptocurrencies
ChainCatcher news, according to Cointelegraph, Spain's left-wing Sumar party has recently proposed amendments to three major tax laws, aiming to increase the tax rate on cryptocurrency gains from the current 30% to 47%, and plans to classify all digital assets as seizable assets.
The proposal also requires the National Securities Market Commission (CNMV) to create a visual "risk traffic light" system for cryptocurrencies. Critics have called this move a "useless attack on bitcoin," warning that it could lead to cryptocurrency holders fleeing Spain.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
JPMorgan expects the Federal Reserve to cut interest rates in December, overturning its forecast from a week ago.
Securitize receives EU approval to launch tokenized trading and settlement system
Data: 14.8398 million POL transferred to a certain exchange, worth approximately $2.04 million
The Dow Jones Index closed up by 314.67 points, with both the S&P 500 and Nasdaq also rising.
Trending news
MoreCrypto prices
More
