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Italy has recently made headlines by implementing a significant tax increase on cryptocurrency earnings, raising alarms among investors. Under the new 2025 Budget Law, capital gains from <a href="https://optimisus.com/news/crypto-news/an-ai-bot-turns-50k-in-bitcoin-in-millions-in-just-4-days/" rel="noopener noreferrer nofollow">Bitcoin</a> and other crypto will now be taxed at a hefty 42%, a jump from the previous rate of 26%.This change, which has been officially enacted by President Sergio Mattarella, is part of the government&#39;s strategy to enhance revenue through the regulation of the booming crypto market.The new legislation consists of 144 articles, with Article 4 specifically focusing on the taxation of digital services and cryptocurrency activities. This tax will take effect on January 1, 2025, and is expected to affect those involved in <a href="https://optimisus.com/news/crypto-news/tesla-still-holds-all-11509-bitcoin-worth-over-776m/" rel="noopener noreferrer nofollow">crypto trading</a>, leading many to ponder the implications for the future of cryptocurrency investments in Italy.Deputy Minister of Economy Maurizio Leo previously highlighted that the government anticipates raising approximately €68 million (around $73 million) from these new tax measures, as part of its initiative to explore alternative revenue streams.In addition to the crypto tax, the law also eliminates the minimum revenue threshold for Italy&#39;s Digital Services Tax (DST).

Italy raises the capital gains tax on cryptocurrencies from 26% to 42%

Optimisus

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