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
Decentralized contract trading platform SunX launches MONAD and ZEN contract trading
BIS appoints digital currency expert as head of Innovation Hub
Jump Crypto becomes the largest USD1 holder aside from exchanges and project teams
