Italy Hikes Crypto Capital Gains Tax to 42%!

Italy is set to significantly increase its capital gains tax on cryptocurrency, jumping from 26% to 42%. This move is part of broader tax reforms aimed at increasing government revenue. The substantial hike could impact crypto traders and investors, potentially reshaping Italy’s crypto landscape.

Will this deter crypto investments in Italy or push for alternative strategies? $BTC $SOL $XRP #ItalyCryptoTax

Source: CoinDesk