Yes, it seems that little by little the climate of anti-crypto repression is turning towards a more temperate, even more receptive momentum...
Developed countries and emerging economies are preparing for a normalized adoption of Crypto and their regulations are going to reflect it.
The latest news comes from the Czech Republic where they have proclaimed tax exemptions for long-term cryptocurrency investors... a small step towards normalization, no doubt, and of course, also for the attraction of foreign capital, a smart move in my opinion.
We will see what the most "advanced" European countries like France and Germany do soon in this regard. After having even wanted to tax unrealized profits in Crypto, they will have no choice but to retract and adapt if they do not want to die under the weight of their infinite debt.
Things are going to change in our favor... all this struggle will have been worth it, we will only have to fight against the confiscation that many states will surely want to do with our digital assets. It will be very important, although it has always been, to have good self-custody to avoid it but the states will try to do it anyway, as they did with Gold in the 70s with Bretton Woods.
We are living through historic events that will change the economy, for the better...
I have the feeling the pace of events is going to speed up quite soon.
the sooner the better 😉
Interesting News from Czech, but the Profit is only tax free if it doesn’t exceed ~4000€ per year. Better than tax unrealized Profits though. 😅
Things are changing, but I think that governments being greedy won't change. I do think that countries such as Czech will be more appealing to crypto investors so that might help them be more competitive versus other countries.
Czech Republic has announced tax exemptions for cryptocurrency investors. This is great news, other countries should also take such steps. But it seems that other countries are not doing it yet.