The Netherlands is rolling out a controversial tax policy that's sending shockwaves through the crypto community. Come 2028, the Dutch government plans to implement a 36% tax on unrealized capital gains—meaning you get taxed on profits you haven't actually cashed out.

Here's the kicker: Bitcoin pumps and you're holding? That's taxable income. Your stock portfolio gains 20% but you're diamond-handing it? The government wants a cut anyway. Essentially, they're taxing phantom money that exists only on paper.

For long-term holders and passive investors, this creates a nightmare scenario. You could owe significant taxes without any actual cash from selling. The policy essentially forces positions into liquidation just to cover the tax bill.