Spain’s Proposed 47% Crypto Tax: Key Details
The plan proposed by Sumar also seeks to classify all cryptocurrencies as seizable assets and require the introduction of a visual "risk traffic light" warning system for investors.
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The plan proposed by Sumar also seeks to classify all cryptocurrencies as seizable assets and require the introduction of a visual "risk traffic light" warning system for investors.
This concern cited by the South African Reserve Bank is driven by the growing user base and the borderless nature of digital assets, which can be used to bypass Exchange Control Regulations.