Austria to ‘reduce mistrust, prejudice’ in crypto by treating it like stocks
ambcrypto.comThe crypto-market’s cumulative market capitalization surged past $3 trillion recently. Understandably, many countries have been taking cryptos seriously, with Austria being one of them. The country has now announced major tax changes, according to a report by Bloomberg.
Under the new rules, Austria is set to treat cryptocurrencies just like stocks and bonds. While this is also expected to build investor confidence in the asset class, the country’s finance ministry said,
“We are taking a step in the direction of equal treatment, to reduce mistrust and prejudice toward new technologies.”
Under the proposal, 27.5% capital gains shall reportedly apply on investments made in digital tokens like Bitcoin and Ethereum from March 2022. It is noteworthy
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