Starting next March, Austria will apply a 27.5% capital gains levy on digital currencies, including bitcoin and ether.
The initiative will be part of a nationwide tax overhaul.
Austria called its model the first of its kind and said streamlining conditions between asset classes would be fairer for investors.
“We are taking a step in the direction of equal treatment, to reduce mistrust and prejudice toward new technologies,” the Finance Ministry said Tuesday in a statement cited by Bloomberg.
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