The Italian government is contemplating a significant increase in the capital gains tax on Bitcoin to 42% by 2025. Meanwhile, a token sale for a crypto platform linked to the Trump family fell short of its $300 million target on the first day. Additionally, Coinbase and Glassnode reported a substantial maturation of the crypto market this year. The proposed tax hike in Italy, as outlined by Deputy Economy Minister Maurizio Leo, is part of the new budget bill. The bill also aims to eliminate the minimum revenue requirement for the Digital Services Tax. On the other hand, the Trump family-backed World Liberty Financial project struggled to attract investors, selling only a small fraction of its allocated tokens. Despite market volatility, the crypto market has shown significant growth and maturity in 2024, with increased institutional investments and improved market liquidity. Read more AI-generated news on: https://app.chaingpt.org/news
Maturation of Crypto Market and Tax Considerations
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