Spanish left-wing party proposes 47% high tax on cryptocurrencies
ChainCatcher news, according to Cointelegraph, Spain's left-wing Sumar party has recently proposed amendments to three major tax laws, aiming to increase the tax rate on cryptocurrency gains from the current 30% to 47%, and plans to classify all digital assets as seizable assets.
The proposal also requires the National Securities Market Commission (CNMV) to create a visual "risk traffic light" system for cryptocurrencies. Critics have called this move a "useless attack on bitcoin," warning that it could lead to cryptocurrency holders fleeing Spain.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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