Italy Will Tax Crypto Trading Gains 26%

[{"selector":"#anim-4562a693-1dfd-4250-949b-e85802e5c576 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(42.42788461224783%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] increasing crypto trading taxation and digital asset regulation

[{"selector":"#anim-f8284032-f6b8-49a5-8bae-1d573c5b8425 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Italy will tax digital asset gains over 2,000 euros (about $2,062) at 26%.

[{"selector":"#anim-c22ebd3e-37f9-4047-b610-7a125367e377 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(27.818302223628177%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] Digital coins and tokens are taxed as foreign currency in Italy, but not at 26%.

[{"selector":"#anim-03539e61-e585-4676-b136-6de25cab6fc2 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Italy's 2023 budget includes the new plan. Bloomberg reported that Prime Minister Giorgia Meloni's bill

[{"selector":"#anim-76f96565-3130-41fa-8456-9d10460f00ea [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(58.4784305427941%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] paying a 14% tax to encourage Italians to declare digital assets in their tax returns.

[{"selector":"#anim-47b35337-22c0-4058-a996-30ebe5b5f15a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-6.719511515791538%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The proposed law includes disclosure requirements and stamp duties for cryptocurrency.

[{"selector":"#anim-01ab7f38-e262-4cdb-b760-65f51da36969 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(21.620432462849216%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] After the FTX exchange collapsed this month, the cryptocurrency industry was under scrutiny. Learn more