The EU and cryptocurrencies. ♥️ Relationship status: it’s complicated. The ECB has repeatedly advocated for a digital euro and reprimanded crypto for being wasteful and an enabler of illicit activities.
— in a report by crypto exchange aggregator Coincub. Partly attributing to its rise is the fact that Germans do not have to pay, you are not liable to taxes either, regardless of whether the cryptocurrency was earned through trading or staking. Crypto mining is a taxable event, but you can make deductions for equipment and resources.. That has made the country somewhat of a crypto tax haven for individuals and led to the rise of a sizable crypto scene.
it would eventually tax crypto as well, although the implementation of this idea is probably still some time away.Slovenia is one of several countries that attempts to grab a share of the crypto market by offering an easy flat-rate tax., with a generous €15,000 tax threshold. Mining is seen as personal income and taxed accordingly., all of which have either low capital gains taxes or dedicated low-tax legislation specifically for crypto.1.
to crack down on money laundering risks in the sector. It passes several intricate measures, simplified below:Service providers involving crypto assets will have toAll companies providing crypto-related services in any EU member state will becomestore informationapply when dealing with non-EU entities.caused outrage and mockery
among crypto proponents for requiring non-custodial wallets to collect and store customer information. This, of course, is virtually impossible to enforce and sort of defeats the purpose of a non-custodial wallet.regulating the crypto sector in Europe. It was passed in the European Parliament by all 27 member states and implements the following measures:prohibit or restrict the sale or marketing of crypto assetsThe ESMA will develop a methodology and sustainability indicators to measure
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