Italy to Reduce Proposed Crypto Tax Hike Amid Industry Pushback

Quick Summary:

In response to mounting opposition from the cryptocurrency industry and internal government disagreements, Italy plans to scale back its proposed crypto capital gains tax hike.

Initially set to increase to 42%, lawmakers are now considering capping the rate at 28% or maintaining the current 26%.

Italy’s decision will likely influence other European countries, particularly those seeking to attract crypto businesses and investors.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: IndiaItalyMaltaPortugal

Topics: Crypto News Italy to reduce proposed crypto tax hike

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-11 @ 13:01:21 (1 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 784 words

Reading Time: 5 minutes read

Sentences: 39 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 24353933

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 6 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

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Publisher ID: #121

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