Italy Backpedals On Controversial Tax Hike On Crypto Capital Gains Following Industry Opposition: ‘No More Prejudices’
Posted On December 11, 2024
Politicians from Italy’s ruling coalition said Tuesday that the country will lower the proposed tax hike on cryptocurrency capital gains following industry criticism and internal disagreements.
What Happened: Lawmaker Giulio Centemero and Treasury Junior Minister Federico Freni, both from the co-ruling League party, announced that the proposed tax increase would be “significantly reduced during the parliamentary work,” according to a Reuters report.
“No more prejudices about cryptocurrencies,” Centemero and Freni asserted. There was speculation that the government might keep the current …
About The Author
