Italy will increase the capital gains tax on cryptocurrencies from 26% to 42%. About this report Media.
Crypto market participants expressed their outrage at this decision. User X (formerly Twitter) statedthat the government is always trying to “get a piece of your hard work.”
Another discussant called This method of taxation is “mafia”. In his opinion, the government is waiting for the business to start making a profit.
Previously tax was 26% applied to income received from trading cryptocurrencies if they exceed 2,000 euros per tax period.
Ohio State Senator Niraj Antani recently introduced a bill that would require the state and all local political subdivisions to accept cryptocurrencies to pay state and local taxes and fees.
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Source: Cryptocurrency
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