🚨 **Crypto Tax Hike Alert in Italy!** 🚨
Italy is considering a significant increase in its capital gains tax on crypto, potentially raising it from 26% to 42%! 🇮🇹💸
- **Why?** Deputy Finance Minister Maurizio Leo cites the rapid growth of crypto usage.
- **When?** No timeline yet for the new tax implementation.
- **Global Context:** Similar moves in India have led to a shift in trading volumes to offshore markets.
- **EU Regulations:** Italy is prepping for the EU’s Markets in Crypto-Assets regulations by end of 2024.
What do you think? Share your thoughts in the comments! 👇