Dutch cryptocurrency industry organization: New tax system may trigger cryptocurrency asset sell-off

According to Bloomberg, the Dutch cryptocurrency industry organization has warned that if cryptocurrencies are excluded from the proposed new capital gains tax system, investors may sell off their crypto assets.

Under the current proposal from Dutch regulators, financial assets such as stocks, bonds, and options are planned to transition to a capital gains tax upon sale starting in 2028, while cryptocurrencies, gold, and foreign exchange may still be required to pay annual taxes on unrealized gains at least until 2030.