Overview

• The tax hike is intended to generate additional revenue to support families, youth, and businesses in Italy.
• Italian citizens will need to declare their crypto holdings and gains on specific tax forms under the new proposal.
• Critics warn that the drastic increase could lead to a brain drain and capital flight from Italy.
• The proposed tax would apply to direct crypto investments, while crypto-backed financial products would remain taxed at 26%.
• The measure is pending approval as part of the 2025 financial bill, leaving investors uncertain about future tax obligations.