📈 Recently, ECB economists Ulrich Bindseil and Jürgen Schaaf published a paper titled "The Distributional Consequences of Bitcoin," delving into the limitations and impacts of Bitcoin.
💡 They believe that Bitcoin will continue to rise in the foreseeable future, but this may also brew a huge bubble without economic fundamentals, prompting countries to strengthen regulations on cryptocurrencies.
Italy: Increased the capital gains tax on Bitcoin.
Netherlands: Proposed an exit tax.
United Kingdom: If money earned from cryptocurrencies is used to buy a house, a mortgage cannot be applied for.
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