<ul><li>Italy has raised the capital gains tax on cryptocurrencies from 26% to 42%, effective January 1, 2025.</li><li>The Italian government expects to generate €68 million (around $73M) from the increased tax to boost revenue.</li><li>The tax hike is part of the country's 2025 Budget Law and aims to regulate the growing crypto sector and tap into new revenue sources.</li><li>The new tax will impact investors engaging in crypto trading, raising concerns about the future of crypto investments in Italy.</li></ul>

Italy Raises Crypto Tax to 42% in 2025 Budget Law

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