Cryptocurrency in Italy
CoinDesk reports that the Italian Parliament has approved amendments to the budget for 2023, allowing for the introduction of a 26% tax on capital gains received as a result of trading digital assets.
These Budget amendments legitimize crypto assets, defining them as “a digital representation of value or rights that can be transferred and stored electronically using distributed registry technology or similar.”
The tax will be levied if the profit exceeds €2,000 ($2,145).
Stamp duty will be applied to cryptocurrencies. All citizens will have to inform the tax authorities about such investments.
Will such a tax reduce the popularity of cryptocurrencies in Italy or will the recognition of this sphere by the state increase interest in it?
What do you think about it?