According to Cointelegraph, the Dutch House of Representatives passed a proposal to impose a 36% capital gains tax on savings and most liquid investments, including cryptocurrencies. The proposal received 93 votes in favor, exceeding the required 75 votes.

Critics believe that the bill could lead to capital flowing out of the Netherlands to regions with more favorable tax conditions. If the Senate passes, the bill will take effect in 2028. Investors in the crypto community have expressed concerns about this.

Investors point out that France implemented a similar policy in 1997, leading to a mass exodus of entrepreneurs. Analyst Michaël van de Poppe called the proposal a 'stupid move' and predicted a large crowd would flee the Netherlands.