Italy's finance minister has defended a proposal to increase the country's cryptocurrency capital gains tax to 42%. The minister justified the potential tax hike by stating that cryptocurrencies, including Bitcoin, present a "very high level of risk." This proposed increase aims to address the financial and regulatory challenges posed by the volatile nature of digital assets. The move reflects growing concerns among regulators about the stability and security of the cryptocurrency market. The proposal is currently under review and has sparked debate among industry stakeholders and investors.