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