Italian Prime Minister Giorgia Meloni’s government is evaluating the possibility of reducing recently announced taxes on bitcoin (BTC) and cryptocurrency transactions. Sources close to the matter indicate that the government is likely to approve a proposal presented by the League, a minor ally in Meloni’s coalition, to reduce the tax increase.
The amendment presented by the League seeks to limit the increase in cryptocurrency capital gains tax at 28%, in contrast to the 42% originally suggested in the October budget.
This setting represents an increase of only 2% over the current tax of 26% for these operations, considerably reducing the tax burden initially proposed.
The change comes after the president, Sergio Mattarella, signed the 2025 budget, which included the controversial increase to 42%. As reported by CriptoNoticias, this law was intended to tax cryptocurrency profits at a higher rate. However, the League’s proposal now seeks reduce this increase by 14 percentage points.
In addition to reviewing the tax rate, the League’s amendment proposes the creation of a permanent working group. This group would be made up of digital asset companies and consumer associations, with the aim of educating investors about the management and risks associated with cryptocurrencies. Although no final decision has been made, Bloomberg sources suggest that the government could approve this proposal, although they do not rule out possible modifications.
In parallel, Forza Italia, another party in the ruling coalition founded by former Prime Minister Silvio Berlusconi, presented a different amendment. This proposal seeks to completely eliminate tax increase on cryptocurrencies and also eliminate the exemption from paying taxes on profits of up to 2,000 euros ($2,120).
The impact of these changes on the cryptocurrency economy in Italy could be significant. A 28% tax instead of the 42% initially proposed could encourage more investors to operate within the countrypotentially increasing activity in the bitcoin sector. This tax reduction could also attract financial technology companies and startups in the sector, which could see Italy as a more favorable destination due to a less tax environment.
These measures reflect a reassessment of tax policy towards cryptocurrencies in Italy, seeking to balance tax collection with encouraging innovation and growth in the emerging sector.
This article was created using artificial intelligence and edited by a human Editor.
