Spain’s junior ruling party proposes 47% crypto tax in ‘attack against Bitcoin’

Spain’s junior ruling party proposes 47% crypto tax in ‘attack against Bitcoin’

Spain's Sumar party proposes hiking crypto taxes: profits taxed up to 47% under general income rates (from 30% savings bracket), with corporations at 30%. A CNMV "risk traffic light" system would warn investors of crypto volatility. All cryptos deemed attachable for seizure, but critics decry it as an unenforceable "attack on Bitcoin" due to decentralization

Spain’s junior ruling party proposes 47% crypto tax in ‘attack against Bitcoin’