November 23, 2024

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Italy Targets Bitcoin With Capital Gains Tax Hike as EU Prepares for MiCA Regulations

1 min read
Italy Targets Bitcoin With Capital Gains Tax Hike as EU Prepares for MiCA Regulations
Italy Targets Bitcoin With Capital Gains Tax Hike as EU Prepares for MiCA RegulationsItaly plans to raise its capital gains tax on bitcoin to 42%, up from 26%, as part of efforts to fund election promises and curb the fiscal deficit. The government cites growing bitcoin adoption as a key factor. This comes as the European Union prepares to implement its Markets in Crypto-Assets Regulation (MiCA), aiming to […]