As countries around the globe attempt to form a regulatory framework for digital assets, the Slovenian government has laid out a proposal that would impose a flat-rate tax on cryptocurrency transactions, according to a release Thursday. Specifically, the tax would come into effect when digital tokens like Bitcoin (BTC-USD) and Ethereum (ETH-USD) are sold or exchanged, the release read. The effective tax rate, which is part of the government's post-COVID recovery initiative, would be sub 5%. Meanwhile, bitcoin (BTC-USD -1.1%) is slipping to $43.3K in midday trading and ethereum (ETH-USD -0.5%) is edging down to $3.2K. At the beginning of February, India wanted to tax cryptos and non-fungible tokens at a rate of 30%.
