Hungary’s economy minister, Mihály Varga announced that the tax on crypto earnings will be slashed to 15% in 2022 ie. half of its current rate at 30.5 percent. The move is to attract billions to the country’s budget. He wants to make Hungary “the Wyoming of Europe,” relative to the U.S’s most crypto-friendly state. This measure also is targeted at getting the country back on its feet after the pandemic took a toll on its economy.