So the Netherlands just pulled back on that insane 36% unrealized gains tax — yeah, the one that would've hit $BTC holders too.
They're shelving it. Going back to the drawing board.
Look, I've seen governments float terrible ideas before, watch them blow up, then quietly retreat. This is that. The backlash was real, and they blinked.
But here's the thing — "going back to the drawing board" doesn't mean they're suddenly pro-crypto. It just means they realized this version was too stupid to defend. The next proposal could be smarter, sneakier, or just as bad with better PR.
I'm not celebrating yet. I'm just relieved they didn't ram it through. Policy moves slowly until it doesn't, and when it comes to taxing unrealized gains, you're basically punishing people for holding — which is the opposite of what any sane system should do.
Keep an eye on whatever they cook up next. Because "better version" could mean a lot of things, and not all of them are better for us.
They're shelving it. Going back to the drawing board.
Look, I've seen governments float terrible ideas before, watch them blow up, then quietly retreat. This is that. The backlash was real, and they blinked.
But here's the thing — "going back to the drawing board" doesn't mean they're suddenly pro-crypto. It just means they realized this version was too stupid to defend. The next proposal could be smarter, sneakier, or just as bad with better PR.
I'm not celebrating yet. I'm just relieved they didn't ram it through. Policy moves slowly until it doesn't, and when it comes to taxing unrealized gains, you're basically punishing people for holding — which is the opposite of what any sane system should do.
Keep an eye on whatever they cook up next. Because "better version" could mean a lot of things, and not all of them are better for us.