<ul><li>Italy is planning to increase the capital gains tax on Bitcoin and other cryptocurrencies to 42%.</li><li>Deputy Finance Minister Maurizio Leo announced the proposed tax hike during a conference.</li><li>Prime Minister Giorgia Meloni's earlier promise of no broad tax hikes seems to exclude niche sectors like crypto.</li><li>The announcement has triggered criticism from Italy's crypto community, with users considering relocating to countries with more favorable tax environments.</li></ul>

Tether CEO slams Italy plan to increase capital gain tax on Bitcoin to 42%

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