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Jan 9

Italy introduced a 26% tax on profits from cryptocurrencies

The Italian parliament approved amendments to the budget for 2023, which will introduce a 26% tax on capital gains derived from trading digital assets. This was reported by CoinDesk. The budget legalizes crypto-assets, defining them as "a digital representation of value or rights that can be transmitted and stored electronically using distributed ledger technology or similar." The tax would be levied if there are profits over €2,000 ($2145). Cryptocurrencies will be subject to stamp duty. Cit...

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