February saw significant developments in global crypto tax policies, with several countries moving towards stricter regulations. The Netherlands proposed a 36% capital gains tax on unrealized gains, sparking debate over potential capital flight. Israel's Crypto Blockchain & Web 3.0 Companies Forum pushed for tax reforms to ease compliance and promote stablecoin use. Hong Kong aligned its tax regime with the OECD's Crypto-Asset Reporting Framework, enhancing transparency. Vietnam proposed a 0.1% tax on crypto transfers through licensed providers, while India maintained its rigid 30% tax on crypto gains.
These policy shifts come as Bitcoin remains under pressure, failing to break the $70,000 mark amid regulatory uncertainties and macroeconomic factors. The lack of progress on the U.S. CLARITY Act and ongoing tariff discussions have contributed to a cautious market sentiment. Meanwhile, the global expansion of crypto ATMs continues, with nearly 40,000 kiosks worldwide, indicating sustained interest in crypto despite regulatory challenges.
Global Crypto Tax Policies Tighten as Bitcoin Struggles Below $70K
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
