Spain’s Sumar parliamentary group proposes amendments to tax laws affecting cryptocurrencies, increasing top rate to 47% and setting flat 30% tax for corporate holders. They also want CNMV to create a visual “risk traffic light” system for crypto. Critics call it an attack on Bitcoin, saying measures misunderstand decentralized assets. Tax inspectors suggest creating a special tax regime for Bitcoin. Spain’s tax agency has been sending warning notices to crypto holders for years.

In contrast, Japan’s FSA aims to reduce tax burden on crypto investors with a proposed flat 20% capital gains tax, aligning digital assets with equities to make the country more competitive for traders and businesses. This move would replace the current system that taxes crypto earnings as “miscellaneous income” at rates up to 55%.

Read more at Cointelegraph: Spain Proposes Crypto Tax Hike and New Risk Rules, Sparking Backlash