“Maurizio Leo,” Italy’s Deputy Minister of Finance, announced that the country intends to raise the capital gains tax on Bitcoin and other cryptocurrencies to 42%, up from the current 26%.
“Maurizio Leo,” Italy’s Deputy Minister of Finance, announced that the country intends to raise the capital gains tax on Bitcoin and other cryptocurrencies to 42%, up from the current 26%. This tax increase contradicts previous promises by Prime Minister “Giorgia Meloni” not to raise taxes. It is unclear whether this new policy will be implemented, but the Italian crypto community has reacted negatively, with many users considering relocating their assets to more crypto-friendly jurisdictions.
Source: cryptoslate.com
