🎉💥 It's a party in Slovakia for #DeFi & #Web3 enthusiasts! 💥🎉 Slovakian lawmakers just voted 112-2 in favor of cutting taxes on the sale of digital currency! 🙌 This new law aims to simplify the use of virtual currencies in everyday life.💡

Here's the deal: When selling crypto after one year, a 7% tax rate will be applied. 🤑 For shorter holding periods, it'll be included alongside other taxable income. 🤓

Slovakia, a European Union member, is now making moves to boost the crypto popularity even higher. 🚀 Looks like they've taking inspiration from their pals in Portugal! 🇵🇹

So, what do you think about this tax cut? 🧐 Let us know your thoughts in the replies! 👇 Can't wait to see what other countries follow this trend! 🌎🌐😃