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the Finance Ministry of Slovenia proposed a law to levy a 10% tax on all fiat-to-crypto conversions and cryptocurrency transfers. Now the country is getting ready to start taxing cryptos. Given that this will work out as an experiment in the eyes of several countries if everything goes well many other countries in Europe should follow.
Thing is, it puzzles me how are they going to tax cryptos... what sort of technics will the country develop to track all cryptocurrencies in circulation?
Looks like a fair option if they are taxing when you are converting your cryptocurrency to fiat currency, even now i am paying my taxes for the profit i am earning through cryptocurrency even though there is no legal provision in the tax column that accepts cryptocurrency as a source of income but i am paying as income from other sources bracket just to be on the safe side.