PPQdotAI on Nostr: I don't think people realize enough that this is how Bitcoin may die. Not one ...
I don't think people realize enough that this is how Bitcoin may die. Not one sweeping action, but millions of little papercut laws that make it worthless to hold.
If the Bitcoin P2P economy doesn't take hold soon, the only on and offramps will be exchanges controlled and surveilled by big gov.
Build faster everyone!
If the Bitcoin P2P economy doesn't take hold soon, the only on and offramps will be exchanges controlled and surveilled by big gov.
Build faster everyone!
quoting nevent1q…uxfrFrance advances a proposal to impose an 'unproductive' unrealized capital gains tax on cryptocurrency holdings exceeding €800,000
The French Senate is set to transform the Real Estate Wealth Tax into the 'Unproductive Wealth Tax,' which now includes a progressive unrealized gains tax on digital asset holdings, ranging from 0.5% to 1.5%, even if the assets remain unsold. The proposal also includes provisions to increase the capital gains tax from 30% to up to 37.2% in certain cases. It is currently awaiting a vote in the National Assembly.
Source: https://www.senat.fr/leg/tas24-039.html