Britto_XRP

[Bart Mol @Bart_Mol]

Dutch Government:
> Hold a Bitcoin ETF = Capital gains tax
> Hold Bitcoin on an exchange = Paper gains tax

This is what they came up with after months of deliberation and a lot of pushback on taxing paper gains on stocks and crypto.

The idea is that “financial instruments” under MiFID are now taxed based on capital gains (instead of paper gains, as in the initial proposal).

Crypto is not a financial instrument under MiFID, so it’s taxed based on paper gains. After 2030, it will be moved into the capital gains category.

But crypto is not a financial instrument under MiFID because it has its own regulation: MiCA.

This part is so unbelievably stupid I can’t wrap my head around it.

We got dedicated crypto regulation in the form of MiCA. We got DAC8 implemented for crypto exchanges, which requires exchanges to collect customer data and share it with the tax authority.

In many ways, the Dutch crypto sector is better prepared for the new tax system than legacy banks.

Many of these companies worked their asses off to comply with these regulations. Is this how you reward them?

And I haven’t even started on the unintended effects for ordinary citizens.

People will sell their crypto on exchanges, send the money to their broker, and buy a BlackRock Bitcoin ETF.

It's literally a couple of clicks on your computer to go from paper gains to capital gains tax.

What. The. Hell.

This idea has so many loopholes and so many unwanted first-, second-, and third-order effects. It's a clear example of path dependency and the sunk cost fallacy.

The government went down this road and apparently can't do what's best: scrap the current plan and start over.

I hope they surprise me and fix this mess.

[Nederlandse Vereniging Cryptodienstverleners (NVC) @NVC_crypto]

Dezelfde belegging, dezelfde belasting! 🇳🇱

Het kabinet wil box 3 per 2028 belasten op werkelijk rendement, maar crypto pas in 2030. Wij vinden: crypto kan en moet direct mee!

Lees ons paper hier: https://t.co/cDh1ckpQu6

Deel, reageer en tag belanghebbenden.
#box3 #crypto

[Jasper | De Lange Termijn 💡 @JasperDLT]

Ach, we weten allemaal hoe dit gaat aflopen.

- Terug naar €1.800 heffingvrij
- Het tarief blijft 36%, wat compleet belachelijk is
- Crypto en goud? Jammer joh, gewoon aftikken op papieren winst tot op z'n minst 2030.

En tussendoor wordt fictief rendement in 2027 gezet op +8%, want iemand moet het betalen.

Gefeliciteerd hé!

*VVD klopt zich op de borst met geweldig plan*

[Britto_XRP @BrittoXrp]

@digitalassetbuy but it's not February 9th yet

[Britto_XRP @BrittoXrp]

@TomBrannigan6 @tupacabra I think because she has incriminating material and if something happens to her, a few envelopes will be sent

[Britto_XRP @BrittoXrp]

@GodandCountryy @BarackObama @grok would there be fewer mass if guns were banned?

[Britto_XRP @BrittoXrp]

@DoopieCash

[Britto_XRP @BrittoXrp]

@HamEggsnSam I think the problem is that Americans always and everywhere claim that they are the best. And if you claim that role you should not expect others to help.

[Britto_XRP @BrittoXrp]

@digitalassetbuy Whaha

[Dark Defender @DefendDark]

I expect #XRP to break out the 4-hour triangle within 16-20 hours, upside.

We set our weekly structure in August 2023, and the third Wave targeted $5.85.
Since then, we have used the same targets with an additional $4.55 level.

Next week will be Dynamic.

[John E Deaton @JohnEDeaton1]

Have you asked about how @jpmorgan financed Epstein or are you still intentionally avoiding it in order to protect members of your party?

[King Solomon (Ryan Solomon) @IOV_OWL]

I wonder if Jack has any interest in $XRP not being considered for inclusion in a strategic reserve?

Let's ask Google.

How did Jack Mallers make his money?

Being a very early adopter of Bitcoin, Jack Mallers was able to increase his net worth by purchasing BTC when the price was about $250. He was then able to raise over $100m through his company Strike from other Bitcoin investors who have a vested interest in scaling BTC.

[David 'JoelKatz' Schwartz @JoelKatz]

@XRPcryptowolf We starting pushing for a level playing field where the government doesn't play favorites. That was always what the maixs most feared.

[Digital Perspectives @DigPerspectives]

First they ignore you

Then they laugh at you

Then they fight you ( We're in this phase now)

Then you win!

Lock in. 😎👇

[Blockchain Backer @BCBacker]

Grok tells it like it is. #XRP

[Digital Asset Investor @digitalassetbuy]

You’ve already won? The level regulatory playing field hasn’t even begun. You’re just now about to learn about competition for the first time since Bitcoin’s creation. You got a glimpse of it in 2017 when XRP dwarfed Bitcoin performance. Then came the lawsuit and the regulatory pile on. It’s XRP’s turn.

[Wietse Wind - 🪝☝️🛠 Xaman® + XRPL + Xahau @WietseWind]

Dear Maxi's,

We're XRPL Labs. Not Ripple Labs.

We're just a small company building big XRPL things.

Your insults mean nothing to us 😬😂💪🏾

But good to know you feel threatened. Opening our mailbox is much more entertaining these days.

💋 Wietse

[XRPcryptowolf @XRPcryptowolf]

Anyone else believe Bitcoin maxis are afraid of $XRP because they know its true potential? 👀

[Britto_XRP @BrittoXrp]

@MoonLamboio @IIICapital @bgarlinghouse @MoonLamboio I'm so happy you're on our team! thanks!👊🏻👍🏻

[Britto_XRP @BrittoXrp]

@jackmallers Lol