**Italy Raises Crypto Tax to 42%! Investors: "Are You Serious?"**

Italy is causing a stir again! This time, the Italian government plans to increase the tax on Bitcoin profits from 26% to 42%. 😲

- **Why?** According to Deputy Finance Minister Maurizio Leo, this step was taken because Bitcoin is becoming increasingly popular.

- **Reaction?** Investors and crypto activists were immediately excited! Many said this was an absurd and short-sighted decision.

- **Netizen Comments:** "Italy is collapsing. How can we encourage crypto innovation if the taxes are getting crazier? Want to live in Italy? Think again!"

- **Risk:** High taxes could make investors flee to other countries that are more crypto-friendly.

Meanwhile, the UAE has made a surprise by removing the 5% tax on digital asset transactions starting November 15, 2024. Wow, that's really different!

What do you think? Comment below, come on!