Italy Considers Raising Capital Gains Tax on Bitcoin and Other Cryptocurrencies to as High as 42%

Oct 16, 2024, 09:44 AM

Italy is reportedly considering raising its capital gains tax on Bitcoin and other cryptocurrencies from the current rate of 26% to as high as 42%. The proposed increase would affect investors holding digital assets, potentially impacting the country's cryptocurrency market. The move signifies a significant shift in the government's approach to cryptocurrency taxation.