Italy Raises Capital Gain Tax
This is a Italy news story, published by CoinGape, that relates primarily to Bitcoin news.
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cryptocurrency gainsCoinGape
•Just-In: Italy Tightens Grip On Crypto, Raises Capital Gains Tax On Bitcoin to 42%
69% Informative
Italy has announced plans to increase capital gain tax on Bitcoin and cryptocurrencies to 42% .
This significant hike, overflowing from an earlier tax rate of 26% , has tightened investors’ exposure to digital assets nationwide, raising market concerns.
At press time, the BTC price gained nearly 3% intraday and is currently sitting at $ 67,546.68 .
Bitcoin futures OI jumped nearly 3.5% to $39.14 billion today , Coinglass data indicated that the coin remains bullish.
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