Latvia is planning to allow people to pay their taxes with crypto as early as next year.

The government says it wants to attract more crypto companies and investors, and it is working on the technical side of the payment system.

And that's not all. Latvia has also passed a new law changing how crypto profits are taxed. Instead of taxing every trade, the tax would apply when withdrawals exceed the amount deposited.

There is also a one-time option for people who cannot prove the original cost of their crypto. They can declare their assets and pay 10% of their value at the end of 2026 to settle past tax obligations.

Honestly, it's interesting to see Latvia trying to attract crypto businesses while making it easier to deal with crypto taxes.

Meanwhile, Germany is considering removing its tax-free one-year holding rule. It will be interesting to see which approach attracts more investors.