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Long times for Italy's financial maneuver on crypto

Author: Content Editor
Italy's financial maneuver, which includes an increase in taxation on crypto capital gains, is undergoing a lengthy approval process. The Ministry of Economy and Finance presented the budget law for 2025 to Parliament, but doubts have been raised. The approval requires the support of both chambers of Parliament, and while the current draft is expected to be approved eventually, it is likely to be amended. However, amendments require majority approval, and the majority currently supports the government. The article containing the increase in taxation on crypto capital gains is number 4, paragraph 2. The increase from 26% to 42% could potentially harm the Italian crypto sector and push crypto investors to tax-friendly nations like Switzerland. The Lega party, part of the majority, opposes the measure and plans to propose an amendment. However, it is uncertain whether the amendment will be approved or whether it will modify the increase in percentage. It is unlikely that the entire measure will be removed. The timeframe for approval is expected to extend until the end of December due to holidays and the need for discussions and votes on proposed amendments.

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