<ul><li>Italy plans to increase capital gains tax on crypto from 26% to 42% to boost revenue.</li><li>The tax increase is part of Italy's 2025 budget plans and aims to support businesses and young families.</li><li>Italian taxpayers must declare their crypto holdings and report gains in specific tax forms.</li><li>The tax hike has received negative reactions, with concerns about potential impact on crypto users and trading volumes.</li></ul>

Italy to Impose Huge Tax Hike on Bitcoin and Other Cryptos

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