<ul><li>Italy plans to raise the capital gains tax on cryptocurrencies from 26% to 42%.</li><li>The new tax policy reclassifies cryptocurrency taxation, moving away from treating cryptocurrencies as foreign currency.</li><li>The increase in the capital gains tax on cryptocurrencies reflects a growing trend among European countries to tighten tax regulations on digital assets.</li><li>Italian Prime Minister Giorgia Meloni reassured citizens that there would be no new taxes affecting the general population.</li></ul>

Italy set to raise Bitcoin capital gains tax to 42%

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