#crypto tax news update :
#Slovakia 's parliament has just voted to approve a new law that will lower taxes on cryptocurrencies. The new law will reduce the tax rate on #cryptocurrencytradingaddiction profits from 25% to 19%. This makes Slovakia one of the most crypto-friendly countries in #Europe .
The decision to lower taxes on cryptocurrencies is a positive development for the industry. It shows that governments are starting to recognize the potential of cryptocurrencies and are willing to create a more favorable environment for them. This is likely to lead to more investment in the sector and could help to boost innovation.
Binance is committed to supporting the growth of the cryptocurrency industry. We believe that Slovakia's decision to lower taxes on cryptocurrencies is a step in the right direction. We look forward to working with the Slovak government and other stakeholders to further develop the cryptocurrency ecosystem in the country.