While the country already taxed capital gains on cryptocurrency holdings derived from professional or business activities, individual citizens were exempt. The new budget draft, however, calls for a levy of 28% on capital gains from cryptocurrency assets held for less than a year. Gains on cryptos held for a period of longer than a year would remain unaffected.
Related posts
-
Inflation Should Moderate in August, Boosting the Crypto Outlook
PCE, an alternative measure of inflation, is starting to ease up, setting the stage for easier... -
How a Harris ‘Opportunity Economy’ Will Benefit the Crypto Industry
These comment comes more than a month after Democratic cryptocurrency industry leaders coalesced to form the... -
Crypto Analysts Say These are the Best Meme Coins to Buy for October: Popcat, Floki, Crypto All-Stars
Meme coins – they’re the wildcards of the crypto...