Slovenia Unveils 25% Tax on Cryptocurrency Profits

The Slovenian government has proposed a new tax law that would levy a 25% tax on profits made from cryptocurrency investments by individual investors nationwide. This move marks a significant shift in the country’s approach to digital assets, aiming to increase tax revenue and regulate the crypto market. 25% of capital gains earned from crypto transactions will be subject to this new tax law, reflecting a more formalized stance compared to Slovenia’s previous less defined approach to cryptocurrency taxation. The Slovenian Ministry of Finance has released the proposal, indicating the government is seeking to establish clearer regulations for digital currency dealings in the nation, ultimately contributing to economic stability. However, the proposed legislation has sparked concerns amongst the local crypto community who believe it may dampen investment appeal and hinder financial inclusion for citizens.