In Germany it's basically income tax (42% for me) whenever you earn any crypto. Because it gets staked right away it means that I will have to pay tax on any staking rewards again and I won't be able to sell it without paying tax again for 10 years after unstaking. I only pay tax if it goes up in value of course, but if it goes down in value I don't get any tax back. So in essence I pay tax upon tax upon tax... pretty annoying stuff :-/
I will start to engage more with Hive again, really blown away by all the comments I got on my post, never expected that!
Wow, that’s indeed a tax system that doesn’t work at all for crypto, especially hive with the 50% staked rewards and rewards for staking/curating.
I’m glad you got those responses on your post. As early adopters of crypto we should encourage each other. A lot of other people still don’t understand.