Italy's finance minister defends tax hike on cryptocurrencies amid party spat

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ROME : Italy's economy minister on Thursday defended his decision to raise taxes on cryptocurrency capital gains as part of next year's budget, despite pressure from some lawmakers in his own party to backtrack.

A representations of cryptocurrencies in this illustration taken, January 24, 2022.

Italy’s plans come as European Union authorities are implementing the world's first comprehensive set of rules for cryptoasset regulation.

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Article Details

Category: EconomyBusiness

Markets: SingaporeItaly

Topics: Budget Giorgetti Euros Rome Cryptocurrency Capital Level Year Cryptocurrencies Gains Party

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-31 @ 21:30:06 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 313 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23350375

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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News Last Updated: 6 hours ago

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