Italy Implements Capital Gains Tax Increase on Bitcoin Ahead of EU’s MiCA Regulations
Italy plans to increase its capital gains tax on bitcoin from 26% to 42% to fund election promises and address its fiscal deficit, as the government acknowledges the growing adoption of bitcoin.
Deputy Finance Minister Maurizio Leo emphasized the need for this tax hike during a conference, highlighting the expanding use of BTC. This announcement coincides with the European Union’s preparations to implement its Markets in Crypto-Assets Regulation (MiCA), which aims to create unified cryptocurrency regulations across member states.
Despite the impending tax increase, bitcoin’s value remains strong, trading at $67,758, reflecting robust investor sentiment
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