In recent times, Italy has emerged as a focal point in the crypto regulatory landscape, spurred by proposed changes to tax laws on digital assets. As the Italian government navigates the balance between fiscal responsibility and maintaining a competitive environment…
Why is Italy raising Bitcoin capital gains tax to 42% from 26%?
The Italian government’s latest budget proposal has stirred significant debate, especially with its focus on increasing the capital gains tax for Bitcoin and digital assets. The Deputy Economy Minister, Maurizio Leo, highlighted several critical fiscal changes aimed at enhancing Italy’s…
Algorand Powers Italy’s Revolutionary Digital Guarantees Platform
Algorand, considered one of the top Layer 1 crypto projects, has been selected to support an innovative digital guarantees platform in Italy that will be the first in the European Union (EU) to use blockchain for insurance and bank guarantees.…
New Italian Budget Law Imposes 26% Tax on Crypto Gains
Italy’s parliament has approved a new tax on cryptocurrency as part of the country’s budget law for 2023. Under the new law, cryptocurrency gains in excess of 2000 euros will be subject to a 26% tax rate during the tax…
NFTs Are Now Being Used For Issuing Court Summons
NFTs are being used to serve digital summons as part of the court system’s adoption of blockchain technology. First NFT Court Summon In Italy A former employee and a contractor have received court summons from RBB Lab, a technological development…
Italy’s 2023 Budget Proposes 26% Crypto Income Tax
In addition to the recent actions taken by Portugal, another European country intends to raise taxes on cryptocurrency trading. The proposed budget for 2023 in Italy includes a provision that would tax capital gains from cryptocurrency at a whopping 26%.…