Post
Topic
Board Bitcoin Discussion
Re: Slovenia getting ready to tax crypto. Will others follow?
by
Wind_FURY
on 30/10/2021, 09:32:34 UTC
a law to levy a 10% tax on all fiat-to-crypto conversions and cryptocurrency transfers.

Trading of anything including cryptocurrencies have always been subject to taxation. I've even seen up to 30% tax on trading profit. A lot of countries already have such taxes on cryptocurrency trading so it is not a new thing for "others to follow" after Slovenia does it since they are already behind themselves.

As for "transfers" you can't tax them at all unless they tax the businesses accepting bitcoin payments for each payment which is a different story.


High tax on cryptocurrency to fiat conversions actually encourages what Bitcoiners preach, and makes it the best solution, “the HODL”, and use Bitcoin ONLY if you need censorhip-resistance. Cool

Plus what privacy solutions can be built in Bitcoin once Taproot is activated?