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Will Italy Reduce the 42% Crypto Tax and Support Innovation?

Proposed Tax Cut Discussion: Italy’s Economy Minister Giancarlo Giorgetti is open to reducing the controversial 42% tax on crypto gains to a more favorable 28%. Lawmakers are exploring options to favor smaller investors, highlighting the need to boost the cryptocurrency sector’s growth.

Broader Regulatory Trends: Italy’s tax revision is part of a wider European trend, with countries like Russia and the Czech Republic adopting distinct approaches to crypto taxation. This situation underscores the need for balanced regulation that enhances investor protection while still meeting fiscal goals.

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