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Crypto tax rates across Europe (with extra tax breaks for holding)

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by COINS NEWS 105 Views

Crypto tax rates across Europe (with extra tax breaks for holding)

As the regulatory picture becomes pretty clear across Europe, we can see that certain countries are doing a lot more to attract crypto startups.

https://preview.redd.it/17yrmhabdj9b1.png?2310&format=png&auto=webp&s=bea5b6d1ec909ccd1251405c0ad8c2691ea6a2a6

There are some differences in exactly how you're getting the income. For example, in the UK mining cryptocurrency and staking income counts as regular income, whereas gains on increased value are taxed at the capital gains rate.

But as Europe becomes a friendly regulatory environment for crypto, we're probably going to see a lot more competition to attract startups.

submitted by /u/ChainsofCastamere
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