Netherlands: Council Rejects Unrealized Crypto Tax
The Netherlands Council of State advised the government against an unrealized gains tax on self-custody Bitcoin, crypto and commodities, insisting on equal taxation regardless of asset custody method.
SourceAnalysis
Netherlands Council of State advised against pursuing an unrealized gains tax on self-custody Bitcoin, crypto and commodities, stating that taxation must apply equally irrespective of holding method.
The cabinet must now reconvene to address the resulting shortfall in projected tax revenue.
BTC trades at $77775.19 inside its Bollinger Bands on the 4h chart, with price testing the upper band at $78533.55 while the 50-EMA at $79093.74 and 200-EMA at $81082.36 cap upside; neutral RSI at 42.89 and MACD golden cross at -346.97 suggest a measured retracement toward the lower band support at $76929.06 before any sustained move higher.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast