Good News for XRP Holders from Switzerland

XRP investors in Switzerland could avoid capital gains tax on profits worth hundreds of thousands of dollars, provided they meet the country’s requirements for private investors. Crypto enthusiast Diana illustrated the potential benefit in a tweet , calculating how an investor could make $950,000 from an XRP investment without paying capital gains tax on the sale. How the $950,000 Profit Works Diana used an example in which an investor purchases 100,000 XRP at $0.50 per token for $50,000. If the price reaches $10 , selling the holdings would generate $1 million, producing a $950,000 profit before fees and other costs.

Source: Times Tabloid