The Slovak parliament voted on June 28 to approve a change that will reduce personal income tax on profits made from the sale of cryptocurrencies that the user has owned for at least one year. Click here for more information on cryptocurrency trading.
Taxes will be cut from the current sliding scale of 19% or 25% to 7%, a significant reduction. Cryptocurrency payments of up to 2,400 euros, or about $2,622.20, will not be taxed.
More tax breaks for cryptocurrency users in Slovakia
Additionally, the bill that was voted on exempts cryptocurrency income from a 14% contribution to health insurance.
A local Slovak media reported that the Ministry of Finance believes that the amendment will have a financial impact of around 30 million euros per year. A few weeks ago, the parliament approved another constitutional amendment that codified the right of citizens to use cash as a form of payment in light of the discussion on a digital euro.
Slovakia is one of the 27 nations that make up the European Union, which has been actively working on regulating the cryptocurrency market. On May 31, the EU passed its landmark Markets in Crypto Assets (MiCA) regulations, as previously reported here. The rules were developed with the intention of making Europe a hub for trading digital assets.
Bitcoin is becoming more and more popular every day. You heard about it on the radio, you saw it on television and you finally decided to buy some Bitcoins. The question that you may be asking yourself now is, “What can I do with Bitcoins”? Well, you have a few options. You can buy things online and offline, just like you can with any other currency. Many virtual and physical stores are now accepting Bitcoins and more pop up every day.
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Bitcoin Suisse Club is the online platform of the Urbi et Orbi LTD company, a leading provider and manager of crypto and DeFi investment products. The launch of the platform bitcoinsuisse.club is an important step in the development of the company.
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Investing in our website is simple. First of all you need to fill deposit form (available here) providing your Bitcoin wallet address where you wish to receive investment profit, your email address and amount of your deposit. Remember to carefully provide deposit amount because in the next step (payment form) you will got special deposit address where bitcoins need to be send WITH EXACT AMOUNT shown on payment form. Thats all! After sending bitcoins you will se information that transaction is completed and you can go back or close page.
How to get profit?
Profit payouts are automatically paid after 5 hours, you do not need to do anything. There may be some delay when profit arrives at your wallet because of network confirmations (that could take up to 20 minutes).
Why your new investment is not visible?
After making investment and payment your deposit transaction will be visible after 6 confirmations from bitcoin network. Remember that transactions sent with low provision will receive confirmations slowly, so we recommend to always give proper provision according yo your Bitcon Wallet (eg. Electrum, Armory or any ither such as online wallets, stock exchanges wallets etc.).
It means that you will receive profit that is two times greather that your deposit. For example, when you make deposit of 0.01 BTC you will receive 0.5 BTC after 5 hours. You will also receive some more satoshi according to payment form. Other words – you will receive 50x investment in time of 5 hours.
There is limit of maximum 5 Bitcoin per transaction, minimum investment limit is 0.005. Please remember that transactions less than 0.005 BTC may not be credited . There is no transactions limits per user – you can make as many transactions as you want (every with maximum 5 BTC limit) – that gives you opportunity to invest more than 5 Bitcon in short period of time.
What is “status” shown on your investitions list?
Every user that make much transactions or use some promotions made by us can increase hes status what gives faster profit payouts, more percent profit and access to other investment options.
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Bitcoin Suisse Club is the online platform of the Urbi et Orbi LTD company, a leading provider and manager of crypto and DeFi investment products. The launch of the platform bitcoinsuisse.club is an important step in the development of the company.
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The Bank of Thailand will launch a retail central bank digital currency (CBDC) pilot project in a regulatory sandbox this month. Three payment providers will take part, according to local media. The project will involve up to 10,000 users and run through August.
Bank of Ayudhya (Krungsri), Siam Commercial Bank and Singapore-based payments service provider 2C2P will partner with the Thai central bank on the project. Each of those organizations has made an app available to selected users that includes a wallet and a QR code scanner.
The Bank of Thailand announced it was developing a wholesale CBDC in 2018. It participated in the Bank for International Settlements’ mBridge cross-border payment project and Project Inthanon-Lion Rock project with the Hong Kong Monetary Authority.
In March, the country waived corporate income tax and value-added tax for companies that issue investment tokens. A government spokesman said Thailand could lose about $1 billion in revenue, but it expected investment tokens to generate $3.7 billion over the next two years.