🚨New Update:
The European Union is proposing a 0.1% tax on
crypto transactions.
The European Commission aims to take a tiny cut from every crypto trade; a recent internal document suggests imposing a 0.1% tax on crypto transactions across the EU, which is expected to generate revenues ranging from €3 billion to €4 billion annually.
The first option — which seems to be the favored one — is to impose a 0.1% tax on transactions. The second option is to tax capital gains from cryptocurrencies, with estimates indicating that this option would yield more modest revenues ranging from €1 billion to €2.4 billion annually.
This proposal must receive approval from all 27 member states of the EU before it can go live.
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