Against these backdrops, the latest proposed increase could make Italy one of the least attractive European nations for cryptocurrency investors. From a global context, this capital gains tax proposal would place it in a unique position in Europe. Italy could also lose its position in the region in terms of trading volume metrics.

Italy Risks Unique Position in Europe With Proposed 42% Capital Gains Tax on Bitcoin

✨ Italy proposes raising crypto the country's capital gains tax from 26% to 42%, sparking investor concerns about capital flight.

✨ The tax hike is part of Italy's 2025 budget plan to address fiscal shortfalls, facing criticism for hindering crypto growth.

✨ Countries like Germany, Switzerland, Portugal, and the UAE offer more favorable tax environments, contrasting with Italy's proposal.

(Don't forget to LIKE and FOLLOW for more updates)