馃毃Big Breaking:
Italy is set to dial back its planned crypto tax hike! 馃嚠馃嚬
Just a few months ago, the Italian government announced a significant increase in capital gains tax on cryptocurrencies like Bitcoin, from 26% to a hefty 42%. But it seems the tide is turning.
Italian MPs Giulio Centemero and Federico Freni have confirmed that the proposed tax hike will be significantly reduced during parliamentary proceedings.
This U-turn comes as a relief to the crypto community, who were concerned about the potential negative impact of the increased tax burden.
The MPs' statement also signals a more positive attitude towards cryptocurrencies. They acknowledged the risks of driving crypto transactions underground and emphasized the need for a balanced approach.
As Italy embraces a more crypto-friendly stance, it's an exciting time for the future of digital assets in the country.
Stay tuned for more updates!