Italy to impose 26% capital gains tax on crypto profits By Cointelegraph

Italy is planning to tighten regulations on digital currencies in 2023 by expanding its tax laws to include cryptocurrency trading, according to budget documentation released on Dec. 1.

Included in its 2023 budget are plans to impose a 26% levy on profits larger than 2,000 euros ( $2,062) made on cryptocurrency trading, according to Bloomberg. Historically, digital currencies have had lower tax rates because they have been considered “foreign currency.”