Italy's government has revised its proposed cryptocurrency capital gains tax increase, lowering it from 42% to 28%.
This move, backed by the League, a coalition partner of Prime Minister Giorgia Meloni, aims to maintain Italy’s appeal to crypto investors and businesses.
The original 42% tax increase, part of the 2025 economic plan, had raised concerns about the country’s competitiveness in the global crypto market. Industry leaders argued that a lower tax would better attract crypto-related businesses, including blockchain and digital asset trading. The revised 28% rate is closer to the current 26% capital gains tax, potentially easing the tax burden on investors.
Additionally, Forza Italia, another coalition partner, has proposed completely eliminating the tax hike, while the League’s amendment calls for a working group to improve crypto tax transparency and investor education.
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Kazakhstan is taking a major step toward integrating digital assets into its national financial strategy, with plans to establish a state-managed crypto-reserve.
Bitvavo, Europe’s largest euro-denominated spot crypto exchange, has officially received a MiCA license from the Dutch Authority for the Financial Markets (AFM), allowing the firm to operate across all 27 European Union member states.
In just two months, crypto tax platform CoinLedger observed a staggering 700% surge in the number of U.S. users receiving IRS warning letters, signaling a sharp escalation in federal tax enforcement targeting digital asset holders.
Ripple CEO Brad Garlinghouse announced Friday that the company is officially dropping its cross-appeal in its long-running legal battle with the U.S. Securities and Exchange Commission (SEC), signaling a final move toward ending the years-long case.