According to the new budget approved by the Italian Parliament on Thursday, crypto traders will have to pay a capital gains tax of 26% starting in 2023. Reuters reported that Giorgia Meloni’s expansionary budget for 2023 – which was completed in a rush before the end of the year – includes 21 billion euros ($22.3 billion) in tax breaks for households and businesses facing the energy crisis.<\/p>\n\n\n\n
Those who make gains from crypto trading over 2,000 euros are subject to 26% capital gains tax from 2023. Crypto assets are legitimized by the Italian budget as “digital representations of value or rights” in Italy, where they are largely unregulated.<\/p>\n\n\n\n
Italy (and most recently, Portugal) made the decision to impose a capital-gains tax on cryptocurrencies prior to the implementation of the European Union’s Markets in Crypto Assets (MiCA) regulation, which promises a licensing framework and stringent operating requirements for crypto-service providers in the 27-member bloc.<\/p>\n\n\n\n
This is a progressive move by the Italian Parliament to recognize crypto assets as digital representations of value and rights in Italy.<\/p>\n","protected":false},"excerpt":{"rendered":"
According to the new budget approved by the Italian Parliament on Thursday, crypto traders will have to pay a capital gains tax of 26% starting in 2023. Reuters reported that Giorgia Meloni’s expansionary budget for 2023 – which was completed in a rush before the end of the year – includes 21 billion euros ($22.3 […]<\/p>\n","protected":false},"author":2,"featured_media":549,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[26,40],"tags":[],"class_list":{"0":"post-548","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-1-minute-read","8":"category-regulation"},"acf":[],"yoast_head":"\n