'Forgotten' crypto sector fears exodus from the Netherlands: 'We are completely surprised'
The Dutch cryptocurrency sector is concerned that new tax legislation will force investors and companies to leave the Netherlands. Industry representatives argue that while other retail investors received tax exemptions, crypto users remain subject to levies on fictive profits, potentially driving them toward unregulated international platforms.
The Dutch cryptocurrency sector is warning of a potential exodus from the Netherlands due to new government tax proposals. Under the current plans, crypto investors and those trading precious metals remain subject to a tax on fictive profits through 2030, while other small investors have been granted exemptions. Industry representatives, including those from the Association of Dutch Crypto Service Providers, claim they were overlooked in the latest policy adjustments and fear the regulations will push users toward unregulated foreign platforms.
Industry leaders argue that these measures undermine the progress made by the 29 licensed crypto platforms currently operating under the oversight of the Dutch Authority for the Financial Markets. With over 2 million crypto investors in the country and more than 1,000 jobs tied to the sector, including at major firms like Bitvavo and Coinmerce, stakeholders believe the tax shift could damage the domestic industry. They warn that established companies, which have worked hard to achieve regulatory maturity, may be forced to scale back as capital and users migrate abroad.
Based on reporting by ad. Translated and condensed by LocalHeadlines.
