Finance Ministry Archives - Coin Engineer https://coinengineer.net/blog/tag/finance-ministry/ Btc, Coins, Pre-Sale, DeFi, NFT Fri, 18 Apr 2025 13:38:24 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://coinengineer.net/blog/wp-content/uploads/2024/04/cropped-Coin-Engineer-Logo-Favicon-2-32x32.png Finance Ministry Archives - Coin Engineer https://coinengineer.net/blog/tag/finance-ministry/ 32 32 Slovenia Proposes 25% Crypto Tax — Growth at Risk?! https://coinengineer.net/blog/slovenia-proposes-25-crypto-tax-growth-at-risk/ https://coinengineer.net/blog/slovenia-proposes-25-crypto-tax-growth-at-risk/#respond Fri, 18 Apr 2025 15:30:44 +0000 https://coinengineer.net/blog/?p=40447 Slovenia’s Finance Ministry is considering a new draft bill that would impose a 25% tax on profits from crypto transactions, triggering backlash from opposition leaders who say it could harm the country’s crypto ecosystem. Bill Highlights Under the proposal, the tax applies to converting crypto to fiat or using crypto to pay for goods and

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]]> Slovenia’s Finance Ministry is considering a new draft bill that would impose a 25% tax on profits from crypto transactions, triggering backlash from opposition leaders who say it could harm the country’s crypto ecosystem.

Bill Highlights

Under the proposal, the tax applies to converting crypto to fiat or using crypto to pay for goods and services. However, crypto-to-crypto trades and transfers between wallets owned by the same user are exempt.

Taxpayers will be required to track all transactions and report profits based on the difference between purchase and sale prices in their annual tax returns.

Finance Minister’s Statement

Finance Minister Klemen Boštjančič defended the move, calling it “illogical” that crypto trading is not taxed at all for individuals:

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“The goal is not to raise revenue, but it’s unreasonable for one of the most speculative financial instruments to go untaxed.”

Opposition: “Slovenia Will Miss the Crypto Train Again”

Jernej Vrtovec, a member of parliament from the New Slovenia party, criticized the bill in a public statement:

“Slovenia has the opportunity to become crypto-friendly, but with excessive taxation, we risk losing talent and capital to other countries.”

slovenia

Crypto in Slovenia: Past and Future

  • In 2023, Slovenia introduced a 10% tax on withdrawals and payments.
  • Occasional trading profits remain tax-free, unless linked to business activity.
  • A previous 5% proposal in 2022 failed to pass.
  • Slovenia issued the EU’s first digital sovereign bond in 2023.
  • Crypto users in Slovenia are projected to reach 98,000 by 2025 with $2.8M in expected revenue.

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]]> https://coinengineer.net/blog/slovenia-proposes-25-crypto-tax-growth-at-risk/feed/ 0 Pakistan to Establish Council to Oversee Crypto Policies https://coinengineer.net/blog/pakistan-to-establish-council-to-oversee-crypto-policies/ https://coinengineer.net/blog/pakistan-to-establish-council-to-oversee-crypto-policies/#respond Thu, 27 Feb 2025 14:30:55 +0000 https://coinengineer.net/blog/?p=37458 Pakistan has announced the establishment of a national crypto council to develop regulations for the sector. This decision follows a meeting with President Donald Trump’s digital asset advisors. Crypto Council and Its Responsibilities According to a report by local news outlet Dawn, the crypto council will be a dedicated advisory body consisting of government representatives,

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]]> Pakistan has announced the establishment of a national crypto council to develop regulations for the sector. This decision follows a meeting with President Donald Trump’s digital asset advisors.

Crypto Council and Its Responsibilities

According to a report by local news outlet Dawn, the crypto council will be a dedicated advisory body consisting of government representatives, regulatory authorities, and industry experts. The council will oversee policy development and collaborate with other nations to contribute to the creation of standardized frameworks.

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In the past, Pakistan’s Finance Ministry opposed crypto regulations, but Finance Minister Muhammad Aurangzeb stated that he would approach the matter with an open mind. He also emphasized the importance of a well-regulated digital asset framework.

Meeting with Trump’s Advisors

On Tuesday, Aurangzeb attended a meeting with a foreign delegation, which included President Donald Trump’s digital asset advisors. Reports suggest that many nations are closely watching the U.S.’s pro-crypto policies, which have gained momentum since Trump’s election.

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