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?
I think that they will be going through the same routes that the IRS said they will in the us, ever since the cryptocurrency has became a highly active and profitable industry, they aught out to make regulation through income taxes, first the IRS said that they will go through the route of passing a law to make a lot of KYC exchanges and wallets like coinbase will report your trades and transactions, and other ways is if you are buying some expensive things even if you used a peer to peer exchange to fiat you would be subject to audit, it may seems difficult from our point of view for them to tax crypto but with how big it is becoming it may create some future problems, that i am sure that they will be addressing it and creating a proper infrastructure to control it and tax it, but at least they are not banning it like many other countries that don't have to tools or the budget to allocate to do such things.