Spain’s Sumar Party Introduces Sweeping Cryptocurrency Tax Reforms

Spain’s Sumar party has unveiled a sweeping tax proposal aimed at the cryptocurrency sector, aiming to significantly increase government revenue and regulate digital asset activity in the country. The proposed changes, currently under parliamentary consideration, would reshape how cryptocurrencies are taxed and regulated by adjusting capital gains taxation and introducing new regulations. 🇪🇸 BIG: Spain’s Sumar party proposes a 47% tax rate for crypto capital gains. This move could make Spain one of the highest-taxing countries in Europe. 🤯 )