Slovenia is one of the Cryptocurrency Tigers around Europe.
Last April 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?
Crypto tax will soon become a reality around the world. There are still many countries who don't recognize cryptos but soon they will be forced to recognize crypto and that will happen in very near future.
It's quite easy for a government to lavy taxes. They will allow only a handful of exchanges to operate in their country and laxy taxes on them which in turn will be levied to the end users. That's it! But 10% tax is quite less I would say, compared to the global standard!