Crypto investors in the Netherlands could face changes to their tax bills after lawmakers in the House of Representatives approved reforms that will alter how the country’s existing levy on investment assets is calculated.

The idea of paying tax on unrealized profits has sparked anger among crypto circles, with critics arguing it could force holders to liquidate assets to meet tax obligations. Some users on social media described it as “beyond insane” as volatility in token prices could leave investors with tax bills on gains that later evaporate.

The reform, known as the Actual Return on Box 3 Act, was approved by the House of Representatives on Feb 12  with 93 of 150 lawmakers voting in favour. The law is expected to…