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The Italian government, led by Prime Minister Giorgia Meloni, is set to approve a more lenient increase in crypto taxation, sources told Bloomberg. The proposed tax rate, advocated by coalition partner The League, caps the increase at 28%, slightly up from the current maximum of 26%. This move comes after discussions of a steeper increase to 42% surfaced last month.
The League has further proposed establishing a permanent working group that includes crypto firms and consumer associations. This initiative aims to enhance investor education on digital assets, ensuring that participants are well-informed and safeguarded.
In addition to these developments, Forza Italia, another coalition party, has suggested not only halting the tax increase but also removing the current tax exemption for gains below €2,000. This decision is part of a broader plan to adapt Italy’s fiscal approach to crypto, transitioning from its previous categorization akin to foreign currency to a more regulated asset.
