Italy Considers Reducing Crypto Tax Hike from 42% to 28%
Countries worldwide are kinda warming up to Bitcoin and crypto as a whole š. Italy, for example, was initially gonna jack up its crypto tax to 42%, but now they're thinking of scaling it back to 28%. Theyāre doing this to stay competitive with other EU countries and keep the crypto scene alive. Makes sense, right?
They're also planning to work with crypto firms to help regular folks get more educated about it. Meanwhile, even Detroit in the US is looking to accept crypto for taxes and fees by 2025 šø. So yeah, crypto is getting some serious love globally, and itās not just Italyāother places are jumping on the train too š