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🌍 Europe vs USA: Cryptocurrency Taxation — Where is it More Advantageous?
🔥 Europe:
Each country in the EU has its own rules.
🇩🇪 In Germany, it's simple: hold crypto for more than a year — tax 0%, but in other cases, rates can reach 45%.
🇮🇹 In Italy, a 26% tax is imposed on profits above €2000, with plans to increase it to 28%.
🇪🇸 Spain charges from 19% to 28%, while miners pay up to 47%.
🇵🇹 Portugal is a paradise for businesses, but not for investors: taxes can go up to 53%.
🇨🇿 The Czech Republic has removed taxes for those who held Bitcoin for more than three years!
💡 Conclusion: The EU is actively regulating, but there are loopholes for long-term investors.
🇺🇸 USA:
Here, taxes depend on how long you held the assets.
If less than a year, pay up to 37%, more than a year — a maximum of 20%.
Miners and stakers are taxed on income.
Gifts and purchases of crypto — no tax, but a report is still needed for sales!
🤔 United Kingdom:
Sales, exchanges, and using crypto for payments are taxed up to 45%, but the first £3000 is tax-free.
Transferring crypto between your own wallets or gifts to a partner — also tax-free.
#crypto #taxes #cryptonews #Europe #USA #UK
🔥 Europe:
Each country in the EU has its own rules.
🇩🇪 In Germany, it's simple: hold crypto for more than a year — tax 0%, but in other cases, rates can reach 45%.
🇮🇹 In Italy, a 26% tax is imposed on profits above €2000, with plans to increase it to 28%.
🇪🇸 Spain charges from 19% to 28%, while miners pay up to 47%.
🇵🇹 Portugal is a paradise for businesses, but not for investors: taxes can go up to 53%.
🇨🇿 The Czech Republic has removed taxes for those who held Bitcoin for more than three years!
💡 Conclusion: The EU is actively regulating, but there are loopholes for long-term investors.
🇺🇸 USA:
Here, taxes depend on how long you held the assets.
If less than a year, pay up to 37%, more than a year — a maximum of 20%.
Miners and stakers are taxed on income.
Gifts and purchases of crypto — no tax, but a report is still needed for sales!
🤔 United Kingdom:
Sales, exchanges, and using crypto for payments are taxed up to 45%, but the first £3000 is tax-free.
Transferring crypto between your own wallets or gifts to a partner — also tax-free.
#crypto #taxes #cryptonews #Europe #USA #UK
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🇪🇺 Tether is keeping pace with MiCA! 💶
Tether has invested in StablE, a stablecoin issuer that is already compliant with the European MiCA regulation. 🛡️ This is an important step to maintain its position in Europe, where the rules of the game are changing before our eyes.
⚡ Recall that Coinbase recently delisted USDT in Europe because it did not comply with the new MiCA requirements.
🔑 Why is this important?
MiCA (Markets in Crypto-Assets) are strict but clear rules that will regulate the crypto market in the EU.
Investing in StablE is a smart move to adapt and maintain user trust. 🚀
Conclusion: The war for the stablecoin market in Europe has just begun! 💥 USDT is not giving up, and time will tell what happens next.
What do you think? 💬 Should Tether urgently update its standards?
#Tether
#Stablecoin
#CryptoNews
#Europe
#MiCA
#Regulation
Tether has invested in StablE, a stablecoin issuer that is already compliant with the European MiCA regulation. 🛡️ This is an important step to maintain its position in Europe, where the rules of the game are changing before our eyes.
⚡ Recall that Coinbase recently delisted USDT in Europe because it did not comply with the new MiCA requirements.
🔑 Why is this important?
MiCA (Markets in Crypto-Assets) are strict but clear rules that will regulate the crypto market in the EU.
Investing in StablE is a smart move to adapt and maintain user trust. 🚀
Conclusion: The war for the stablecoin market in Europe has just begun! 💥 USDT is not giving up, and time will tell what happens next.
What do you think? 💬 Should Tether urgently update its standards?
#Tether
#Stablecoin
#CryptoNews
#Europe
#MiCA
#Regulation
Euro Goes Digital: MONEI's EURM Stablecoin Ushers in a New Era Under Central Bank Watch
Spanish fintech MONEI has launched a EURM euro stablecoin pilot under the Bank of Spain's supervision. The pilot aims to provide a digital alternative to fiat, enhancing transaction efficiency and security. MONEI collaborates with the central bank to align with regulations and address digital currency risks.
[Create A Binance Account](undefined)
#Write2Earn #europe #monei #EURM
Spanish fintech MONEI has launched a EURM euro stablecoin pilot under the Bank of Spain's supervision. The pilot aims to provide a digital alternative to fiat, enhancing transaction efficiency and security. MONEI collaborates with the central bank to align with regulations and address digital currency risks.
[Create A Binance Account](undefined)
#Write2Earn #europe #monei #EURM
There goes all financial FREEDOM in EUROPE !! 🤬😡😤
Any cash payment above €10,000 will become illegal, while also anonymous cash payments above €3,000.
Payments made in cryptocurrencies will be prohibited through unidentified wallets. This includes any self-custody wallet provided by mobile, desktop, or browser applications.
I thought that anonymous payments are a fundamental human right, needed to achieve individual financial freedom. Prohibiting sovereign payments will have negative economic and social effects!
This is worse than a social credit system!!
#TradeNTell #Write2Earn #CryptoNews🚀 🔥 #europe #PiNetwok
Any cash payment above €10,000 will become illegal, while also anonymous cash payments above €3,000.
Payments made in cryptocurrencies will be prohibited through unidentified wallets. This includes any self-custody wallet provided by mobile, desktop, or browser applications.
I thought that anonymous payments are a fundamental human right, needed to achieve individual financial freedom. Prohibiting sovereign payments will have negative economic and social effects!
This is worse than a social credit system!!
#TradeNTell #Write2Earn #CryptoNews🚀 🔥 #europe #PiNetwok
There goes all financial FREEDOM in EUROPE !!
Any cash payment above €10,000 will become illegal, while also anonymous cash payments above €3,000.
Payments made in cryptocurrencies will be prohibited through unidentified wallets. This includes any self-custody wallet provided by mobile, desktop, or browser applications. #europe #Write2EarnBTC #CryptoNews🚀🔥
Any cash payment above €10,000 will become illegal, while also anonymous cash payments above €3,000.
Payments made in cryptocurrencies will be prohibited through unidentified wallets. This includes any self-custody wallet provided by mobile, desktop, or browser applications. #europe #Write2EarnBTC #CryptoNews🚀🔥
Unfortunately, Europe is taking away financial autonomy! 😤 Any cash transaction exceeding €10,000 will be illegal, and cash payments exceeding €3,000 will also require identification.
Additionally, payments made with cryptocurrencies from anonymous wallets will be prohibited, including those from mobile, desktop, or browser apps.
This violates the fundamental human right to anonymous transactions, essential for achieving individual financial liberty.
Prohibiting these transactions will have adverse economic and social consequences, resembling a social credit system! #TradeNTell #Write2Earn #CryptoNews🚀🔥 #europe #PiNetwok
Additionally, payments made with cryptocurrencies from anonymous wallets will be prohibited, including those from mobile, desktop, or browser apps.
This violates the fundamental human right to anonymous transactions, essential for achieving individual financial liberty.
Prohibiting these transactions will have adverse economic and social consequences, resembling a social credit system! #TradeNTell #Write2Earn #CryptoNews🚀🔥 #europe #PiNetwok
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OECD Considered 2024 as a Challenging Year!
Approaching 2024, the global economy presents a challenging and uncertain landscape. Drawing insights from the recent OECD report, let's delve into the key points shaping the economic narrative.
1. General Economic Overview: Continued Slowdown
OECD Estimate: OECD anticipates a slowdown in global economic growth, decreasing from the current year's 2.9% to 2.7% in 2024.
Challenges Ahead: Ongoing conflicts, persistent high inflation, and rising interest rates stand among the expected difficulties.
2. Regional Dynamics: Fabric of Change
🇺🇲 USA: Navigating Contrary Trends
Economic Slowdown: The U.S. prepares for a slowdown with the growth forecast dropping from 2.4% in 2023 to 1.5% in 2024.
Impact of Fed Policies: Repeated interest rate hikes since March 2022 echo as a constraint on the country's economic vitality.
🇨🇳 China: Overcoming Challenges**
Slowing Growth: Economic giant China is expected to experience a moderation with growth decreasing from 5.2% in the current year to 4.7% in 2024.
Challenges Ahead: A housing crisis, increasing unemployment, and sluggish exports contribute to nuanced challenges faced by the world's second-largest economy.
🇪🇺 Europe: Navigating Stormy Seas
Persistent Fatigue: Eurozone copes with rising interest rates and soaring energy prices post-Russia-Ukraine invasion, contributing to global economic complexities.
Growth Forecast: The Eurozone's total growth forecast slightly surpasses the predicted 0.6% for 2023, standing at 0.9%.
3. Unforeseeable Factors: Geopolitical Tensions as a Major Threat
Geopolitical Risks: OECD issues a warning about the potential impact of geopolitical tensions, with the Israel-Hamas conflict taking the forefront. Escalation could lead to significant disruptions in energy markets and vital trade routes.
4. Reflection on Past Predictions: Navigating Uncharted Waters
OECD: 2023 growth is strong, but current economic situation moderately assessed due to tightening financial conditions and waning confidence.
#OECD #usa #China #europe
Approaching 2024, the global economy presents a challenging and uncertain landscape. Drawing insights from the recent OECD report, let's delve into the key points shaping the economic narrative.
1. General Economic Overview: Continued Slowdown
OECD Estimate: OECD anticipates a slowdown in global economic growth, decreasing from the current year's 2.9% to 2.7% in 2024.
Challenges Ahead: Ongoing conflicts, persistent high inflation, and rising interest rates stand among the expected difficulties.
2. Regional Dynamics: Fabric of Change
🇺🇲 USA: Navigating Contrary Trends
Economic Slowdown: The U.S. prepares for a slowdown with the growth forecast dropping from 2.4% in 2023 to 1.5% in 2024.
Impact of Fed Policies: Repeated interest rate hikes since March 2022 echo as a constraint on the country's economic vitality.
🇨🇳 China: Overcoming Challenges**
Slowing Growth: Economic giant China is expected to experience a moderation with growth decreasing from 5.2% in the current year to 4.7% in 2024.
Challenges Ahead: A housing crisis, increasing unemployment, and sluggish exports contribute to nuanced challenges faced by the world's second-largest economy.
🇪🇺 Europe: Navigating Stormy Seas
Persistent Fatigue: Eurozone copes with rising interest rates and soaring energy prices post-Russia-Ukraine invasion, contributing to global economic complexities.
Growth Forecast: The Eurozone's total growth forecast slightly surpasses the predicted 0.6% for 2023, standing at 0.9%.
3. Unforeseeable Factors: Geopolitical Tensions as a Major Threat
Geopolitical Risks: OECD issues a warning about the potential impact of geopolitical tensions, with the Israel-Hamas conflict taking the forefront. Escalation could lead to significant disruptions in energy markets and vital trade routes.
4. Reflection on Past Predictions: Navigating Uncharted Waters
OECD: 2023 growth is strong, but current economic situation moderately assessed due to tightening financial conditions and waning confidence.
#OECD #usa #China #europe
⚠⚠ BREAKING NEWS: EUROPE WANTS TO BAN DECENTRALIZED DEFI ⚠⚠
Europe's DeFi industry faces potential upheaval as the European Commission mulls over new regulations, including possible bans on non-decentralized protocols.
Under the Markets in Crypto-Assets (MiCA) framework, the Commission must submit a report by Dec. 30, 2024, assessing the DeFi market and proposing specific regulations. The focus is on exploring the regulation of activities like crypto-asset lending and borrowing, which are integral to DeFi.
The proposed regulations have sparked concerns about the legal viability of some crypto projects. MakerDAO co-founder Rune Christensen warns that DeFi frontends, like decentralized exchanges, could face licensing requirements, potentially rendering them impossible to operate as we know them today.
Nathan Catania of XReg Consulting suggests that the extent of DeFi rules will hinge on regulators' interpretation of decentralization. Entities performing professional services within DeFi arrangements could fall under MiCA regulations, even if the systems appear decentralized.
Moreover, the Financial Action Task Force (FATF) proposes that individuals or entities exerting control over DeFi arrangements could be classified as Virtual Asset Service Providers (VASPs), regardless of decentralization claims.
As regulators navigate the complexities of DeFi, the industry has experienced explosive growth, with the total value locked (TVL) in DeFi protocols surging from $570 million in April 2020 to $96.7 billion today.
The challenge lies in distinguishing between purely technological arrangements and systems with controlling parties, as Catania points out. The outcome of regulatory deliberations will significantly shape the future of DeFi in Europe and beyond. 🚀
📜
What is your take on this? Drop a comment below 👇
Drop a follow to stay updated!
#defi #decentralization #bitcoin #europe #regulation
Europe's DeFi industry faces potential upheaval as the European Commission mulls over new regulations, including possible bans on non-decentralized protocols.
Under the Markets in Crypto-Assets (MiCA) framework, the Commission must submit a report by Dec. 30, 2024, assessing the DeFi market and proposing specific regulations. The focus is on exploring the regulation of activities like crypto-asset lending and borrowing, which are integral to DeFi.
The proposed regulations have sparked concerns about the legal viability of some crypto projects. MakerDAO co-founder Rune Christensen warns that DeFi frontends, like decentralized exchanges, could face licensing requirements, potentially rendering them impossible to operate as we know them today.
Nathan Catania of XReg Consulting suggests that the extent of DeFi rules will hinge on regulators' interpretation of decentralization. Entities performing professional services within DeFi arrangements could fall under MiCA regulations, even if the systems appear decentralized.
Moreover, the Financial Action Task Force (FATF) proposes that individuals or entities exerting control over DeFi arrangements could be classified as Virtual Asset Service Providers (VASPs), regardless of decentralization claims.
As regulators navigate the complexities of DeFi, the industry has experienced explosive growth, with the total value locked (TVL) in DeFi protocols surging from $570 million in April 2020 to $96.7 billion today.
The challenge lies in distinguishing between purely technological arrangements and systems with controlling parties, as Catania points out. The outcome of regulatory deliberations will significantly shape the future of DeFi in Europe and beyond. 🚀
📜
What is your take on this? Drop a comment below 👇
Drop a follow to stay updated!
#defi #decentralization #bitcoin #europe #regulation