Crypto is getting more popular each day, with exchanges opening their doors to customers from around the world. I'm aware that there are a few places with zero capital gains tax on crypto (eg: El Salvador and Puerto Rico).
But I'm curious to know which countries have the highest taxes? And do you think there's a chance they will lower them in the future?
Some governments are trying to better adopt crypto in their countries and some governments have not yet reached the final stage with it. That is why some are demanding high taxes and some are trying to keep it at a flexible level. However, based on my common sense, I understand that if governments support crypto well and make it easy, i.e. are flexible in determining taxes, then in the future, there will be great progress in the crypto platform in that country. In the future, the development of their country can increase further through cryptocurrency. At present, only El Salvador has played a very positive role in crypto. Although there is nothing positive yet in the case of other countries, I believe that if there is more adoption of cryptocurrency, those countries can also reduce their taxes.
Currently,
Japan has made progressive taxes on crypto by 15-55%. On the other hand, in Denmark, its rate is 37-52%. There are now many countries in the world that have made free taxes on crypto.