Italy is considering a new tax plan for cryptocurrencies, proposing a 28% capital gains tax instead of the previously suggested 42%. This move comes under Prime Minister Giorgia Meloni's government, with Economy Minister Giancarlo Giorgetti defending the change. Initially, the tax was set at 26% for gains over 2,000 euros. The revised 28% tax is expected to generate less revenue than the 42% proposal, which aimed to raise $18 million annually. The plan still awaits approval from Italian lawmakers, with some, like Giulio Centemero, questioning its effectiveness.