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Albania to start applying a 15% tax on cryptocurrency earnings in 2023.

Source: https://twitter.com/WatcherGuru/status/1540625422748192768?s=20&t=t9B5YhVbFlQ2zeQ0gf8FbQ

According to the Albanian government's new legislation, any money from crypto transactions or mining would be recognized as business income and the recipients will be subject to a 15% capital gains tax.

This new cryptocurrency policy in the country will take effect in 2023, in conjunction with a new income tax bill.

Some people have reacted to this in different ways, take a look at some of their responses below;

@BNBTC_on_BSC tweeted,

"Regulation is going forward."

@Shariff95065352 tweeted,

"15 % that's a lot when that has to be paid in the EU."

@risklord10 tweeted,

"They should have done it the bull market it’s the country’s economy."

@btc15046743 tweeted,

"The country's economy is in trouble and needs to rely on this tax to solve the problem, isn't it?"

@JpLerossignol tweeted,

"The risks are yours. If loosing, your country will not pay you back. As mine. That's why I'm sad to give 30% (if it's not 60 as a pro and the limit is not so far to become a pro in France) of what I earned. And more when I see what they're doing with our money.

Content created and supplied by: Giftedhands (via Opera News )

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