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Italy will drop plans to increase tax on crypto capital gains
Italy drops plans to raise crypto tax from 26% to 42% after industry opposition. Lawmakers propose capping the tax at 28% or maintaining the current 26% rate. Progressive taxation and exemptions aim to protect small investors and boost crypto. Italy has decided to abandon a controversial proposal to raise the tax on cryptocurrency capital gains from 26% to 42%, following significant industry opposition and political disagreements. The initial plan, introduced by Economy Minister Giancarlo Giorgetti, aimed to increase government revenues to fund socio-economic programs. However, it met resistance from lawmakers, industry stakeholders, and members of the ruling League party, prompting...
It’s Morning in America for Crypto
With a decisive electoral sweep of the presidency and Congress, Trump’s second term could mark a transformative era for bitcoin, crypto, and the broader blockchain industry. This editorial is from last week’s edition of the Week in Review newsletter. Subscribe to the weekly newsletter to get the editorial the second it’s finished. Trump’s Victory Could Be Crypto’s Mainstream Break out Moment This U.S. election cycle was a huge win for crypto, not just in the headline Presidential race, but also in the Congressional ones. Mapping out all of the reasons for Trump’s unambiguous, modern day landslide victory and the Republican...
JUPITER PRICE ANALYSIS & PREDICTION (December 5) – JUP Advances Bullish With A Slight Break Up, Targets Yearly High
After undergoing a pullback for two weeks, Jupiter’s JUP resumed bullish and broke above a key resistance level. On the way up, March’s high is the next obstacle to keep in mind for a bigger price movement. During the November rally, which sent many altcoins to a new high, Jup posted notable gains but later faced tough resistance at $1.32 after recovering nicely from a local bottom. The price pulled back in the mid-month and reestablished support around the key $1 level. Bouncing off this key level in the late month, the price increased slowly and slightly broke above the...
