Italy’s new 42% capital gains tax on cryptocurrencies stifles fintech innovation, penalizes retail investors, and may drive crypto activities offshore amid volatile market conditions.
hey, im really curious about your take on this new italian regulation. personally, i cant help but think that such a heavy tax might backfire by pushin crypto enthusiasts and startups to look for more crypto friendly places. have any of you noticed any shifts in the market already or perhaps seen examples of similar situation in other countries? im also wonderin if this could fuel more debates on balancing regulation against innovation; its a tricky line to walk, isnt it? would love to hear what you all think.
hey, i thnk this tax could really crimp local crypto growth. startups may end up lookin for more friendly spots and the govt might lose future innovation. its a risky gamble that might just end up backfiring on italy.