Italy to impose 26% capital gains tax on crypto profits

Italy is planning to tighten regulations on digital currencies in 2023 by expanding its tax laws to include cryptocurrency trading, according to budget documentation released on Dec. 1.

According to Tripe A data, 2.3% of the Italian population, which equates to about roughly 1.3 million people, own crypto assets. By July 2022, it was estimated that about 57% of crypto users were male, while 43% of users were female, with most of its users belonging to the 28–38 age group.