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Italy Targets Bitcoin With Capital Gains Tax Hike as EU Prepares for MiCA Regulations
17.10.2024
Italy plans to raise its capital gains tax on bitcoin to 42%, up from 26%, as part of efforts to fund election promises and curb the fiscal deficit. The government cites growing bitcoin adoption as a key factor. This comes as the European Union prepares to implement its Markets in Crypto-Assets...
Shooting The Pope: The Near Ruin Of A Country's Gaming Industry
27.2.2023
March of 2011. After a couple of moderately successful decades, the Italian gaming industry was facing its worst crisis yet; only a couple studios survived the dawn of the 2010s, and the country was still reeling from 2008’s global recession. Because of limited funds and developers leaving...
Italy Wants to Tax Crypto Gains at 26% From 2023
1.12.2022
The new government of Italy plans to impose a 26% tax on capital gains from crypto trading, according to the draft budget for next year. The center-right coalition in power is also preparing to oblige Italians to declare their digital assets and pay 14% on their holdings. Government in Italy...