The Italian government has announced a 26% tax on cryptocurrencies. The new tax will be levied on profits made from cryptocurrency transactions. This will affect both individuals and companies that own or trade digital currencies.

The decision comes as cryptocurrencies continue to gain traction around the world and many governments are reviewing their tax policies to accommodate the new asset class. The new tax rate in Italy matches the country's standard capital gains tax rate, effectively eliminating the previous tax-free status of cryptocurrencies.