Cryptocurrency Different regulation practices of countries in the field continue rapidly. According to the news of Reuters, one of the world’s largest media organs, another European country has enacted crypto regulation.
in Italy Investors trading cryptocurrencies will be subject to a 26% capital tax from next year, according to the new budget bill approved on Thursday.
According to the new annual budget prepared by Italian Prime Minister Giorgia Meloni with his staff, 21 billion euros of tax reduction will be made to relieve citizens who have difficulties due to increased energy costs. The government plans to compensate for the income it lost as a result of the subsidy it plans to make, through investors who earn income from cryptocurrency trading.
Crypto assets are also included in the 387-page budget text. “a digital representation of electronic values and rights that can be transferred using a distributed ledger or similar technologies” was officially recognized. If we look at the glass half full, crypto money trading will no longer be considered illegal in the Mediterranean country.
The government also determined which income group the 26% tax would apply to in the budget draft it prepared. Citizens earning more than €2,000 per tax period will be subject to taxation. Italy also made some extra adjustments in the new bill to encourage citizens to submit their crypto income statement.
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