To all the Italians listening, I think this will be the only post in Italian that I will do because I want to talk about a topic that affects our beautiful country exclusively.

After an unlikely and crazy proposal to tax crypto capital gains at 42%, the Honorable Centemero has decided to take up the sword of the crypto champion and fight this proposal (a bill made by the same government colleagues), declaring that he wants to lower taxation and do justice.

You can find the result in the table below:

- From 2025, taxation on capital gains will remain at 26% but the no-tax area for capital gains under €2,000 will be eliminated.

What does this mean?

It means that we will pay 26% like this year, but it will also be paid under €2,000.

Have you received an AirDrop and sold it making a profit of €100?

You pay a 26% tax rate

Did you make a profit of €20 with a small trading account?

You pay a 26% tax rate

Did you pay €1.20 for coffee using Bitcoin?

You pay a 26% tax rate

-From 2026, the tax on capital gains will rise to 33%

It is yet another mockery by politics that as always serves the interests of everyone except the citizens and the country itself.

Those with large amounts of capital will go and declare in a foreign country,

The retails that cash out with €100? Or with 10k?

For amounts of that kind, it is not worth declaring abroad and they will find themselves seeing their profit eaten up between taxation and accountant costs

Not to mention the data analyst company in case they cannot trace the load prices at which they purchased

But what is the purpose of all this?

It is to cut the legs off a sector that is ‘spreading’

It is to block the development of one of the sectors of the future

It is to try to block the adoption of currencies and investments that are outside the control of the ECB

It is to want to make the wrong choice at the right time by continuing the destruction of a country that could have had everything, but has decided to have nothing more.