Crypto: Crypto Taxes Updated, BTC Stuck Below $70k: Month In Charts 2026

Bitcoin struggled to breach $70,000 this month, while inflation rates decreased in Japan and some countries reevaluated crypto tax codes.

The taxman cometh. In February, the tax authorities of four countries began to reconsider how they tax crypto.

In the US, the number of crypto ATMs hit nearly 40,000, returning to 2021 levels of interest in crypto kiosks. The number of installations had dipped significantly after the crypto crash of 2022.

Japan’s inflation dipped below 2% in February, less than in the United States. Berkshire Hathaway CEO Warren Buffett said earlier this year that dollar investments were looking less attractive as the yen is providing a more stable currency.

Bitcoin (BTC) was stuck below $70,000 this month. Many crypto observers have noted that US tariffs are putting pressure on the asset. US President Donald Trump’s new 10% levy has done nothing to alleviate this.

The Netherlands’ House of Representatives, the lower house of the country’s parliament, advanced a tax proposal on Feb. 12. The draft law would introduce a 36% capital gains tax on unrealized gains on savings and liquid investments, including crypto.

Critics say the tax, which is supported by 93 of the 150 representatives, will chase money out of the country.

Detractors appear to have won out. The new Dutch cabinet said that it will reconsider the measure.

“There is a lot of criticism of the Actual Return Act. We are not deaf to that ... The bill needs to be amended. The Minister and State Secretary will discuss this with the Senate and parliament,” a cabinet spokesperson said.

In Israel, the Israeli Crypto Blockchain & Web 3.0 Companies Forum launched a lobbying effort to reform the country’s crypto tax laws. Forum leader Nir Hirshmann-Rub said there is broad public support to relax laws on stablecoins and tokenization, as well as simplify compliance.

Source: CoinTelegraph