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And on trampoline, I think that, again, people expressed interest in implementing trampoline, but I’m still waiting to see if this actually catches on, because many people are interested, but it still doesn’t seem to meet the bar for implementation in the short term. Investors may be seeing some losses on bitcoin “but I think long term, the fundamentals are quite good,” he added. Profits or losses from exchange movements between cryptocurrencies and other currencies are taxable for all companies. When held as a private asset, profits from lending are taxed as income. However, the income derived from crypto mining is and associated expenses are deductible. At the same time, the European Commission is taking active steps towards defining the crypto space. We always complain about high commission rates on Bitcoin markets. It is then subject to progressive rates from 25% to 50%, plus local taxes and social security contributions. When the crypto investment has a speculative character, private investors pay 33% plus local surcharges on their gains. Cryptocurrencies are officially legal in Belarus, and all gains received from operations with digital currencies are exempt from taxes. Some countries like Malta, Belarus, and Portugal have gone as far as creating crypto havens.