Italy News

Italy to Raise Capital Gains Tax on Cryptos to 42% From 26%

Maurizio Leo during the press conference

Italy's Deputy Finance Minister, Maurizio Leo, said the government is considering the idea of raising taxes on capital gains on cryptocurrencies such as bitcoin to 42% from 26%. The decision was made because the “phenomenon is spreading", Leo said during yesterday's press conference.

A lot of people in the Italian crypto industry are raising their voices against this declaration.

The Bitcoin price remained unaffected by the declaration.

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