Italy’s government made a bold move to tighten the screws on cryptocurrency profits, unveiling plans to increase capital gains taxes on Bitcoin and other cryptocurrencies from the current 26% to a staggering 42%. This unprecedented hike, announced by Deputy Minister of Economy and Finance Maurizio Leo during the unveiling of the 2025 Budget Law on Wednesday, is already sending shockwaves through the crypto community. The tax increase is being positioned as a necessary measure to address budget s