Italy's latest budget law introduces a significant shift in the taxation of cryptocurrencies, imposing a 26% tax on crypto gains. This move eliminates the previous €2,000 exemption, marking a stringent approach towards crypto regulation. The decision is anticipated to face protests from the crypto community, which views this as a deterrent to innovation and investment in the sector. The new tax policy reflects a growing trend among governments to tighten control over digital assets, raising concerns about the future growth and adoption of cryptocurrencies in Europe.