Gianluigi Guida, the general manager of Binance Italy, commented: \"In the absence of a fine-tuning, this legislation will be difficult to apply in practice and will open the doors to various disputes, with the risk of obtaining the opposite effect to that hoped for.\"<\/em><\/p>\n\n\n\n See Related: <\/em><\/strong>30% Digital Mining Energy Tax; White House Advisors Push For Regulation<\/a><\/p>\n\n\n\n As digital assets evolve, several jurisdictions are considering taxing the fast-growing sector, while others are taking a favourable stance to reap the economic benefits. Germany, for instance, currently applies no capital gain tax on digital assets.<\/p>\n","post_title":"Italy Imposes Punitive 26% Tax On Crypto Profits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-imposes-punitive-26-tax-on-crypto-profits","to_ping":"","pinged":"","post_modified":"2023-05-04 13:06:11","post_modified_gmt":"2023-05-04 03:06:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11478","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The crypto community has negatively received the new tax regime from the Italian authorities. Many fear it could render the country uncompetitive for digital asset investors who may shift focus overseas. There are also concerns that the tax policy could influence other jurisdictions to take similar steps.<\/p>\n\n\n\n Gianluigi Guida, the general manager of Binance Italy, commented: \"In the absence of a fine-tuning, this legislation will be difficult to apply in practice and will open the doors to various disputes, with the risk of obtaining the opposite effect to that hoped for.\"<\/em><\/p>\n\n\n\n See Related: <\/em><\/strong>30% Digital Mining Energy Tax; White House Advisors Push For Regulation<\/a><\/p>\n\n\n\n As digital assets evolve, several jurisdictions are considering taxing the fast-growing sector, while others are taking a favourable stance to reap the economic benefits. Germany, for instance, currently applies no capital gain tax on digital assets.<\/p>\n","post_title":"Italy Imposes Punitive 26% Tax On Crypto Profits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-imposes-punitive-26-tax-on-crypto-profits","to_ping":"","pinged":"","post_modified":"2023-05-04 13:06:11","post_modified_gmt":"2023-05-04 03:06:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11478","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The crypto community has negatively received the new tax regime from the Italian authorities. Many fear it could render the country uncompetitive for digital asset investors who may shift focus overseas. There are also concerns that the tax policy could influence other jurisdictions to take similar steps.<\/p>\n\n\n\n Gianluigi Guida, the general manager of Binance Italy, commented: \"In the absence of a fine-tuning, this legislation will be difficult to apply in practice and will open the doors to various disputes, with the risk of obtaining the opposite effect to that hoped for.\"<\/em><\/p>\n\n\n\n See Related: <\/em><\/strong>30% Digital Mining Energy Tax; White House Advisors Push For Regulation<\/a><\/p>\n\n\n\n As digital assets evolve, several jurisdictions are considering taxing the fast-growing sector, while others are taking a favourable stance to reap the economic benefits. Germany, for instance, currently applies no capital gain tax on digital assets.<\/p>\n","post_title":"Italy Imposes Punitive 26% Tax On Crypto Profits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-imposes-punitive-26-tax-on-crypto-profits","to_ping":"","pinged":"","post_modified":"2023-05-04 13:06:11","post_modified_gmt":"2023-05-04 03:06:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11478","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related: <\/em><\/strong>Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023<\/a><\/p>\n\n\n\n The crypto community has negatively received the new tax regime from the Italian authorities. Many fear it could render the country uncompetitive for digital asset investors who may shift focus overseas. There are also concerns that the tax policy could influence other jurisdictions to take similar steps.<\/p>\n\n\n\n Gianluigi Guida, the general manager of Binance Italy, commented: \"In the absence of a fine-tuning, this legislation will be difficult to apply in practice and will open the doors to various disputes, with the risk of obtaining the opposite effect to that hoped for.\"<\/em><\/p>\n\n\n\n See Related: <\/em><\/strong>30% Digital Mining Energy Tax; White House Advisors Push For Regulation<\/a><\/p>\n\n\n\n As digital assets evolve, several jurisdictions are considering taxing the fast-growing sector, while others are taking a favourable stance to reap the economic benefits. Germany, for instance, currently applies no capital gain tax on digital assets.<\/p>\n","post_title":"Italy Imposes Punitive 26% Tax On Crypto Profits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-imposes-punitive-26-tax-on-crypto-profits","to_ping":"","pinged":"","post_modified":"2023-05-04 13:06:11","post_modified_gmt":"2023-05-04 03:06:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11478","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Up until December 31, cryptos in Italy were subject to a tax policy under foreign currencies for any portfolio not more than 51,646.68 euros. That legislation has since changed, and since January, Meloni's administration has treated digital assets like other financial assets besides government-issued bonds.<\/p>\n\n\n\n See Related: <\/em><\/strong>Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023<\/a><\/p>\n\n\n\n The crypto community has negatively received the new tax regime from the Italian authorities. Many fear it could render the country uncompetitive for digital asset investors who may shift focus overseas. There are also concerns that the tax policy could influence other jurisdictions to take similar steps.<\/p>\n\n\n\n Gianluigi Guida, the general manager of Binance Italy, commented: \"In the absence of a fine-tuning, this legislation will be difficult to apply in practice and will open the doors to various disputes, with the risk of obtaining the opposite effect to that hoped for.\"<\/em><\/p>\n\n\n\n See Related: <\/em><\/strong>30% Digital Mining Energy Tax; White House Advisors Push For Regulation<\/a><\/p>\n\n\n\n As digital assets evolve, several jurisdictions are considering taxing the fast-growing sector, while others are taking a favourable stance to reap the economic benefits. Germany, for instance, currently applies no capital gain tax on digital assets.<\/p>\n","post_title":"Italy Imposes Punitive 26% Tax On Crypto Profits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-imposes-punitive-26-tax-on-crypto-profits","to_ping":"","pinged":"","post_modified":"2023-05-04 13:06:11","post_modified_gmt":"2023-05-04 03:06:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11478","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The policy shifts, which took place this year, followed the passing of the country's Budget Law last December. It applies to any gains above 2,000 euros on all crypto transactions, including staking, a term referring to the locking of assets by investors to help validate transactions in a blockchain for a return. The report<\/a> first appeared on the local news outlet, L\u2019Economia.<\/p>\n\n\n\n Up until December 31, cryptos in Italy were subject to a tax policy under foreign currencies for any portfolio not more than 51,646.68 euros. That legislation has since changed, and since January, Meloni's administration has treated digital assets like other financial assets besides government-issued bonds.<\/p>\n\n\n\n See Related: <\/em><\/strong>Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023<\/a><\/p>\n\n\n\n The crypto community has negatively received the new tax regime from the Italian authorities. Many fear it could render the country uncompetitive for digital asset investors who may shift focus overseas. There are also concerns that the tax policy could influence other jurisdictions to take similar steps.<\/p>\n\n\n\n Gianluigi Guida, the general manager of Binance Italy, commented: \"In the absence of a fine-tuning, this legislation will be difficult to apply in practice and will open the doors to various disputes, with the risk of obtaining the opposite effect to that hoped for.\"<\/em><\/p>\n\n\n\n See Related: <\/em><\/strong>30% Digital Mining Energy Tax; White House Advisors Push For Regulation<\/a><\/p>\n\n\n\n As digital assets evolve, several jurisdictions are considering taxing the fast-growing sector, while others are taking a favourable stance to reap the economic benefits. Germany, for instance, currently applies no capital gain tax on digital assets.<\/p>\n","post_title":"Italy Imposes Punitive 26% Tax On Crypto Profits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-imposes-punitive-26-tax-on-crypto-profits","to_ping":"","pinged":"","post_modified":"2023-05-04 13:06:11","post_modified_gmt":"2023-05-04 03:06:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11478","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The Italian government has introduced a 26% tax rate for digital assets applicable to individual and institutional investors.<\/p>\n\n\n\n The policy shifts, which took place this year, followed the passing of the country's Budget Law last December. It applies to any gains above 2,000 euros on all crypto transactions, including staking, a term referring to the locking of assets by investors to help validate transactions in a blockchain for a return. The report<\/a> first appeared on the local news outlet, L\u2019Economia.<\/p>\n\n\n\n Up until December 31, cryptos in Italy were subject to a tax policy under foreign currencies for any portfolio not more than 51,646.68 euros. That legislation has since changed, and since January, Meloni's administration has treated digital assets like other financial assets besides government-issued bonds.<\/p>\n\n\n\n See Related: <\/em><\/strong>Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023<\/a><\/p>\n\n\n\n The crypto community has negatively received the new tax regime from the Italian authorities. Many fear it could render the country uncompetitive for digital asset investors who may shift focus overseas. There are also concerns that the tax policy could influence other jurisdictions to take similar steps.<\/p>\n\n\n\n Gianluigi Guida, the general manager of Binance Italy, commented: \"In the absence of a fine-tuning, this legislation will be difficult to apply in practice and will open the doors to various disputes, with the risk of obtaining the opposite effect to that hoped for.\"<\/em><\/p>\n\n\n\n See Related: <\/em><\/strong>30% Digital Mining Energy Tax; White House Advisors Push For Regulation<\/a><\/p>\n\n\n\n As digital assets evolve, several jurisdictions are considering taxing the fast-growing sector, while others are taking a favourable stance to reap the economic benefits. Germany, for instance, currently applies no capital gain tax on digital assets.<\/p>\n","post_title":"Italy Imposes Punitive 26% Tax On Crypto Profits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-imposes-punitive-26-tax-on-crypto-profits","to_ping":"","pinged":"","post_modified":"2023-05-04 13:06:11","post_modified_gmt":"2023-05-04 03:06:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11478","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The Italian government has introduced a 26% tax rate for digital assets applicable to individual and institutional investors.<\/p>\n\n\n\n The policy shifts, which took place this year, followed the passing of the country's Budget Law last December. It applies to any gains above 2,000 euros on all crypto transactions, including staking, a term referring to the locking of assets by investors to help validate transactions in a blockchain for a return. The report<\/a> first appeared on the local news outlet, L\u2019Economia.<\/p>\n\n\n\n Up until December 31, cryptos in Italy were subject to a tax policy under foreign currencies for any portfolio not more than 51,646.68 euros. That legislation has since changed, and since January, Meloni's administration has treated digital assets like other financial assets besides government-issued bonds.<\/p>\n\n\n\n See Related: <\/em><\/strong>Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023<\/a><\/p>\n\n\n\n The crypto community has negatively received the new tax regime from the Italian authorities. Many fear it could render the country uncompetitive for digital asset investors who may shift focus overseas. There are also concerns that the tax policy could influence other jurisdictions to take similar steps.<\/p>\n\n\n\n Gianluigi Guida, the general manager of Binance Italy, commented: \"In the absence of a fine-tuning, this legislation will be difficult to apply in practice and will open the doors to various disputes, with the risk of obtaining the opposite effect to that hoped for.\"<\/em><\/p>\n\n\n\n See Related: <\/em><\/strong>30% Digital Mining Energy Tax; White House Advisors Push For Regulation<\/a><\/p>\n\n\n\n As digital assets evolve, several jurisdictions are considering taxing the fast-growing sector, while others are taking a favourable stance to reap the economic benefits. Germany, for instance, currently applies no capital gain tax on digital assets.<\/p>\n","post_title":"Italy Imposes Punitive 26% Tax On Crypto Profits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-imposes-punitive-26-tax-on-crypto-profits","to_ping":"","pinged":"","post_modified":"2023-05-04 13:06:11","post_modified_gmt":"2023-05-04 03:06:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11478","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The Italian government has introduced a 26% tax rate for digital assets applicable to individual and institutional investors.<\/p>\n\n\n\n The policy shifts, which took place this year, followed the passing of the country's Budget Law last December. It applies to any gains above 2,000 euros on all crypto transactions, including staking, a term referring to the locking of assets by investors to help validate transactions in a blockchain for a return. The report<\/a> first appeared on the local news outlet, L\u2019Economia.<\/p>\n\n\n\n Up until December 31, cryptos in Italy were subject to a tax policy under foreign currencies for any portfolio not more than 51,646.68 euros. That legislation has since changed, and since January, Meloni's administration has treated digital assets like other financial assets besides government-issued bonds.<\/p>\n\n\n\n See Related: <\/em><\/strong>Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023<\/a><\/p>\n\n\n\n The crypto community has negatively received the new tax regime from the Italian authorities. Many fear it could render the country uncompetitive for digital asset investors who may shift focus overseas. There are also concerns that the tax policy could influence other jurisdictions to take similar steps.<\/p>\n\n\n\n Gianluigi Guida, the general manager of Binance Italy, commented: \"In the absence of a fine-tuning, this legislation will be difficult to apply in practice and will open the doors to various disputes, with the risk of obtaining the opposite effect to that hoped for.\"<\/em><\/p>\n\n\n\n See Related: <\/em><\/strong>30% Digital Mining Energy Tax; White House Advisors Push For Regulation<\/a><\/p>\n\n\n\n As digital assets evolve, several jurisdictions are considering taxing the fast-growing sector, while others are taking a favourable stance to reap the economic benefits. Germany, for instance, currently applies no capital gain tax on digital assets.<\/p>\n","post_title":"Italy Imposes Punitive 26% Tax On Crypto Profits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-imposes-punitive-26-tax-on-crypto-profits","to_ping":"","pinged":"","post_modified":"2023-05-04 13:06:11","post_modified_gmt":"2023-05-04 03:06:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11478","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The Italian government has introduced a 26% tax rate for digital assets applicable to individual and institutional investors.<\/p>\n\n\n\n The policy shifts, which took place this year, followed the passing of the country's Budget Law last December. It applies to any gains above 2,000 euros on all crypto transactions, including staking, a term referring to the locking of assets by investors to help validate transactions in a blockchain for a return. The report<\/a> first appeared on the local news outlet, L\u2019Economia.<\/p>\n\n\n\n Up until December 31, cryptos in Italy were subject to a tax policy under foreign currencies for any portfolio not more than 51,646.68 euros. That legislation has since changed, and since January, Meloni's administration has treated digital assets like other financial assets besides government-issued bonds.<\/p>\n\n\n\n See Related: <\/em><\/strong>Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023<\/a><\/p>\n\n\n\n The crypto community has negatively received the new tax regime from the Italian authorities. Many fear it could render the country uncompetitive for digital asset investors who may shift focus overseas. There are also concerns that the tax policy could influence other jurisdictions to take similar steps.<\/p>\n\n\n\n Gianluigi Guida, the general manager of Binance Italy, commented: \"In the absence of a fine-tuning, this legislation will be difficult to apply in practice and will open the doors to various disputes, with the risk of obtaining the opposite effect to that hoped for.\"<\/em><\/p>\n\n\n\n See Related: <\/em><\/strong>30% Digital Mining Energy Tax; White House Advisors Push For Regulation<\/a><\/p>\n\n\n\n As digital assets evolve, several jurisdictions are considering taxing the fast-growing sector, while others are taking a favourable stance to reap the economic benefits. Germany, for instance, currently applies no capital gain tax on digital assets.<\/p>\n","post_title":"Italy Imposes Punitive 26% Tax On Crypto Profits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-imposes-punitive-26-tax-on-crypto-profits","to_ping":"","pinged":"","post_modified":"2023-05-04 13:06:11","post_modified_gmt":"2023-05-04 03:06:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11478","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related:<\/em><\/strong> Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800<\/a><\/p>\n","post_title":"The Fed Raises Interest Rates By 25 BPS This Wednesday; Effects On Crypto And Financial Markets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-fed-raises-interest-rates-by-25-bps-this-wednesday-effects-on-crypto-and-financial-markets","to_ping":"","pinged":"","post_modified":"2023-05-04 22:08:47","post_modified_gmt":"2023-05-04 12:08:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11491","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11478,"post_author":"13","post_date":"2023-05-03 20:04:39","post_date_gmt":"2023-05-03 10:04:39","post_content":"\n The Italian government has introduced a 26% tax rate for digital assets applicable to individual and institutional investors.<\/p>\n\n\n\n The policy shifts, which took place this year, followed the passing of the country's Budget Law last December. It applies to any gains above 2,000 euros on all crypto transactions, including staking, a term referring to the locking of assets by investors to help validate transactions in a blockchain for a return. The report<\/a> first appeared on the local news outlet, L\u2019Economia.<\/p>\n\n\n\n Up until December 31, cryptos in Italy were subject to a tax policy under foreign currencies for any portfolio not more than 51,646.68 euros. That legislation has since changed, and since January, Meloni's administration has treated digital assets like other financial assets besides government-issued bonds.<\/p>\n\n\n\n See Related: <\/em><\/strong>Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023<\/a><\/p>\n\n\n\n The crypto community has negatively received the new tax regime from the Italian authorities. Many fear it could render the country uncompetitive for digital asset investors who may shift focus overseas. There are also concerns that the tax policy could influence other jurisdictions to take similar steps.<\/p>\n\n\n\n Gianluigi Guida, the general manager of Binance Italy, commented: \"In the absence of a fine-tuning, this legislation will be difficult to apply in practice and will open the doors to various disputes, with the risk of obtaining the opposite effect to that hoped for.\"<\/em><\/p>\n\n\n\n See Related: <\/em><\/strong>30% Digital Mining Energy Tax; White House Advisors Push For Regulation<\/a><\/p>\n\n\n\n As digital assets evolve, several jurisdictions are considering taxing the fast-growing sector, while others are taking a favourable stance to reap the economic benefits. Germany, for instance, currently applies no capital gain tax on digital assets.<\/p>\n","post_title":"Italy Imposes Punitive 26% Tax On Crypto Profits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-imposes-punitive-26-tax-on-crypto-profits","to_ping":"","pinged":"","post_modified":"2023-05-04 13:06:11","post_modified_gmt":"2023-05-04 03:06:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11478","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Stocks aren't the only assets that could significantly lose their value. Investors should remember that cryptocurrencies could also be in the situation to make an even bigger fall. The crypto market displayed a high correlation with U.S. equities. If a downtrend is witnessed in the stock market, the same is usually replicated in the crypto-sphere.<\/p>\n\n\n\n See Related:<\/em><\/strong> Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800<\/a><\/p>\n","post_title":"The Fed Raises Interest Rates By 25 BPS This Wednesday; Effects On Crypto And Financial Markets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-fed-raises-interest-rates-by-25-bps-this-wednesday-effects-on-crypto-and-financial-markets","to_ping":"","pinged":"","post_modified":"2023-05-04 22:08:47","post_modified_gmt":"2023-05-04 12:08:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11491","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11478,"post_author":"13","post_date":"2023-05-03 20:04:39","post_date_gmt":"2023-05-03 10:04:39","post_content":"\n The Italian government has introduced a 26% tax rate for digital assets applicable to individual and institutional investors.<\/p>\n\n\n\n The policy shifts, which took place this year, followed the passing of the country's Budget Law last December. It applies to any gains above 2,000 euros on all crypto transactions, including staking, a term referring to the locking of assets by investors to help validate transactions in a blockchain for a return. The report<\/a> first appeared on the local news outlet, L\u2019Economia.<\/p>\n\n\n\n Up until December 31, cryptos in Italy were subject to a tax policy under foreign currencies for any portfolio not more than 51,646.68 euros. That legislation has since changed, and since January, Meloni's administration has treated digital assets like other financial assets besides government-issued bonds.<\/p>\n\n\n\n See Related: <\/em><\/strong>Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023<\/a><\/p>\n\n\n\n The crypto community has negatively received the new tax regime from the Italian authorities. Many fear it could render the country uncompetitive for digital asset investors who may shift focus overseas. There are also concerns that the tax policy could influence other jurisdictions to take similar steps.<\/p>\n\n\n\n Gianluigi Guida, the general manager of Binance Italy, commented: \"In the absence of a fine-tuning, this legislation will be difficult to apply in practice and will open the doors to various disputes, with the risk of obtaining the opposite effect to that hoped for.\"<\/em><\/p>\n\n\n\n See Related: <\/em><\/strong>30% Digital Mining Energy Tax; White House Advisors Push For Regulation<\/a><\/p>\n\n\n\n As digital assets evolve, several jurisdictions are considering taxing the fast-growing sector, while others are taking a favourable stance to reap the economic benefits. Germany, for instance, currently applies no capital gain tax on digital assets.<\/p>\n","post_title":"Italy Imposes Punitive 26% Tax On Crypto Profits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-imposes-punitive-26-tax-on-crypto-profits","to_ping":"","pinged":"","post_modified":"2023-05-04 13:06:11","post_modified_gmt":"2023-05-04 03:06:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11478","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
At the same time, Brian Jacobsen, chief economist at Annex Wealth Management, said<\/a> that the manufacturing and housing sectors are in a recession already. The famous investor Jeremy Grantham warned that the U.S. stock market could experience significant losses soon, and a recommendation is that investors should continue to take a defensive investment approach.<\/p>\n\n\n\n Stocks aren't the only assets that could significantly lose their value. Investors should remember that cryptocurrencies could also be in the situation to make an even bigger fall. The crypto market displayed a high correlation with U.S. equities. If a downtrend is witnessed in the stock market, the same is usually replicated in the crypto-sphere.<\/p>\n\n\n\n See Related:<\/em><\/strong> Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800<\/a><\/p>\n","post_title":"The Fed Raises Interest Rates By 25 BPS This Wednesday; Effects On Crypto And Financial Markets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-fed-raises-interest-rates-by-25-bps-this-wednesday-effects-on-crypto-and-financial-markets","to_ping":"","pinged":"","post_modified":"2023-05-04 22:08:47","post_modified_gmt":"2023-05-04 12:08:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11491","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11478,"post_author":"13","post_date":"2023-05-03 20:04:39","post_date_gmt":"2023-05-03 10:04:39","post_content":"\n The Italian government has introduced a 26% tax rate for digital assets applicable to individual and institutional investors.<\/p>\n\n\n\n The policy shifts, which took place this year, followed the passing of the country's Budget Law last December. It applies to any gains above 2,000 euros on all crypto transactions, including staking, a term referring to the locking of assets by investors to help validate transactions in a blockchain for a return. The report<\/a> first appeared on the local news outlet, L\u2019Economia.<\/p>\n\n\n\n Up until December 31, cryptos in Italy were subject to a tax policy under foreign currencies for any portfolio not more than 51,646.68 euros. That legislation has since changed, and since January, Meloni's administration has treated digital assets like other financial assets besides government-issued bonds.<\/p>\n\n\n\n See Related: <\/em><\/strong>Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023<\/a><\/p>\n\n\n\n The crypto community has negatively received the new tax regime from the Italian authorities. Many fear it could render the country uncompetitive for digital asset investors who may shift focus overseas. There are also concerns that the tax policy could influence other jurisdictions to take similar steps.<\/p>\n\n\n\n Gianluigi Guida, the general manager of Binance Italy, commented: \"In the absence of a fine-tuning, this legislation will be difficult to apply in practice and will open the doors to various disputes, with the risk of obtaining the opposite effect to that hoped for.\"<\/em><\/p>\n\n\n\n See Related: <\/em><\/strong>30% Digital Mining Energy Tax; White House Advisors Push For Regulation<\/a><\/p>\n\n\n\n As digital assets evolve, several jurisdictions are considering taxing the fast-growing sector, while others are taking a favourable stance to reap the economic benefits. Germany, for instance, currently applies no capital gain tax on digital assets.<\/p>\n","post_title":"Italy Imposes Punitive 26% Tax On Crypto Profits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-imposes-punitive-26-tax-on-crypto-profits","to_ping":"","pinged":"","post_modified":"2023-05-04 13:06:11","post_modified_gmt":"2023-05-04 03:06:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11478","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Higher rates encourage saving over spending and make the debt more costly. Companies with bigger credit or other loans with variable interest rates could be in a difficult situation. We expect to see a meaningful slowdown in economic growth and a weakening of the labour market in the United States in the upcoming months. <\/p>\n\n\n\n At the same time, Brian Jacobsen, chief economist at Annex Wealth Management, said<\/a> that the manufacturing and housing sectors are in a recession already. The famous investor Jeremy Grantham warned that the U.S. stock market could experience significant losses soon, and a recommendation is that investors should continue to take a defensive investment approach.<\/p>\n\n\n\n Stocks aren't the only assets that could significantly lose their value. Investors should remember that cryptocurrencies could also be in the situation to make an even bigger fall. The crypto market displayed a high correlation with U.S. equities. If a downtrend is witnessed in the stock market, the same is usually replicated in the crypto-sphere.<\/p>\n\n\n\n See Related:<\/em><\/strong> Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800<\/a><\/p>\n","post_title":"The Fed Raises Interest Rates By 25 BPS This Wednesday; Effects On Crypto And Financial Markets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-fed-raises-interest-rates-by-25-bps-this-wednesday-effects-on-crypto-and-financial-markets","to_ping":"","pinged":"","post_modified":"2023-05-04 22:08:47","post_modified_gmt":"2023-05-04 12:08:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11491","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11478,"post_author":"13","post_date":"2023-05-03 20:04:39","post_date_gmt":"2023-05-03 10:04:39","post_content":"\n The Italian government has introduced a 26% tax rate for digital assets applicable to individual and institutional investors.<\/p>\n\n\n\n The policy shifts, which took place this year, followed the passing of the country's Budget Law last December. It applies to any gains above 2,000 euros on all crypto transactions, including staking, a term referring to the locking of assets by investors to help validate transactions in a blockchain for a return. The report<\/a> first appeared on the local news outlet, L\u2019Economia.<\/p>\n\n\n\n Up until December 31, cryptos in Italy were subject to a tax policy under foreign currencies for any portfolio not more than 51,646.68 euros. That legislation has since changed, and since January, Meloni's administration has treated digital assets like other financial assets besides government-issued bonds.<\/p>\n\n\n\n See Related: <\/em><\/strong>Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023<\/a><\/p>\n\n\n\n The crypto community has negatively received the new tax regime from the Italian authorities. Many fear it could render the country uncompetitive for digital asset investors who may shift focus overseas. There are also concerns that the tax policy could influence other jurisdictions to take similar steps.<\/p>\n\n\n\n Gianluigi Guida, the general manager of Binance Italy, commented: \"In the absence of a fine-tuning, this legislation will be difficult to apply in practice and will open the doors to various disputes, with the risk of obtaining the opposite effect to that hoped for.\"<\/em><\/p>\n\n\n\n See Related: <\/em><\/strong>30% Digital Mining Energy Tax; White House Advisors Push For Regulation<\/a><\/p>\n\n\n\n As digital assets evolve, several jurisdictions are considering taxing the fast-growing sector, while others are taking a favourable stance to reap the economic benefits. Germany, for instance, currently applies no capital gain tax on digital assets.<\/p>\n","post_title":"Italy Imposes Punitive 26% Tax On Crypto Profits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-imposes-punitive-26-tax-on-crypto-profits","to_ping":"","pinged":"","post_modified":"2023-05-04 13:06:11","post_modified_gmt":"2023-05-04 03:06:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11478","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related: <\/em><\/strong>United States May Fund Its Deficit By Printing More Money; Could Default By June 1st<\/a><\/p>\n\n\n\n Higher rates encourage saving over spending and make the debt more costly. Companies with bigger credit or other loans with variable interest rates could be in a difficult situation. We expect to see a meaningful slowdown in economic growth and a weakening of the labour market in the United States in the upcoming months. <\/p>\n\n\n\n At the same time, Brian Jacobsen, chief economist at Annex Wealth Management, said<\/a> that the manufacturing and housing sectors are in a recession already. The famous investor Jeremy Grantham warned that the U.S. stock market could experience significant losses soon, and a recommendation is that investors should continue to take a defensive investment approach.<\/p>\n\n\n\n Stocks aren't the only assets that could significantly lose their value. Investors should remember that cryptocurrencies could also be in the situation to make an even bigger fall. The crypto market displayed a high correlation with U.S. equities. If a downtrend is witnessed in the stock market, the same is usually replicated in the crypto-sphere.<\/p>\n\n\n\n See Related:<\/em><\/strong> Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800<\/a><\/p>\n","post_title":"The Fed Raises Interest Rates By 25 BPS This Wednesday; Effects On Crypto And Financial Markets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-fed-raises-interest-rates-by-25-bps-this-wednesday-effects-on-crypto-and-financial-markets","to_ping":"","pinged":"","post_modified":"2023-05-04 22:08:47","post_modified_gmt":"2023-05-04 12:08:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11491","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11478,"post_author":"13","post_date":"2023-05-03 20:04:39","post_date_gmt":"2023-05-03 10:04:39","post_content":"\n The Italian government has introduced a 26% tax rate for digital assets applicable to individual and institutional investors.<\/p>\n\n\n\n The policy shifts, which took place this year, followed the passing of the country's Budget Law last December. It applies to any gains above 2,000 euros on all crypto transactions, including staking, a term referring to the locking of assets by investors to help validate transactions in a blockchain for a return. The report<\/a> first appeared on the local news outlet, L\u2019Economia.<\/p>\n\n\n\n Up until December 31, cryptos in Italy were subject to a tax policy under foreign currencies for any portfolio not more than 51,646.68 euros. That legislation has since changed, and since January, Meloni's administration has treated digital assets like other financial assets besides government-issued bonds.<\/p>\n\n\n\n See Related: <\/em><\/strong>Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023<\/a><\/p>\n\n\n\n The crypto community has negatively received the new tax regime from the Italian authorities. Many fear it could render the country uncompetitive for digital asset investors who may shift focus overseas. There are also concerns that the tax policy could influence other jurisdictions to take similar steps.<\/p>\n\n\n\n Gianluigi Guida, the general manager of Binance Italy, commented: \"In the absence of a fine-tuning, this legislation will be difficult to apply in practice and will open the doors to various disputes, with the risk of obtaining the opposite effect to that hoped for.\"<\/em><\/p>\n\n\n\n See Related: <\/em><\/strong>30% Digital Mining Energy Tax; White House Advisors Push For Regulation<\/a><\/p>\n\n\n\n As digital assets evolve, several jurisdictions are considering taxing the fast-growing sector, while others are taking a favourable stance to reap the economic benefits. Germany, for instance, currently applies no capital gain tax on digital assets.<\/p>\n","post_title":"Italy Imposes Punitive 26% Tax On Crypto Profits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-imposes-punitive-26-tax-on-crypto-profits","to_ping":"","pinged":"","post_modified":"2023-05-04 13:06:11","post_modified_gmt":"2023-05-04 03:06:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11478","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\"We have a possible debt default on our hands and a spreading bank crisis. The banking turmoil that started with Silicon Valley Bank's collapse in March remains unresolved, and First Republic's failure and takeover by CEO Jamie Dimon's JPMorgan has reignited worries about broader financial instability. Moreover, political disagreement about raising the U.S. government's borrowing limit is fanning fears of a debt-ceiling crisis.\"<\/em><\/p>\n\n\n\n See Related: <\/em><\/strong>United States May Fund Its Deficit By Printing More Money; Could Default By June 1st<\/a><\/p>\n\n\n\n Higher rates encourage saving over spending and make the debt more costly. Companies with bigger credit or other loans with variable interest rates could be in a difficult situation. We expect to see a meaningful slowdown in economic growth and a weakening of the labour market in the United States in the upcoming months. <\/p>\n\n\n\n At the same time, Brian Jacobsen, chief economist at Annex Wealth Management, said<\/a> that the manufacturing and housing sectors are in a recession already. The famous investor Jeremy Grantham warned that the U.S. stock market could experience significant losses soon, and a recommendation is that investors should continue to take a defensive investment approach.<\/p>\n\n\n\n Stocks aren't the only assets that could significantly lose their value. Investors should remember that cryptocurrencies could also be in the situation to make an even bigger fall. The crypto market displayed a high correlation with U.S. equities. If a downtrend is witnessed in the stock market, the same is usually replicated in the crypto-sphere.<\/p>\n\n\n\n See Related:<\/em><\/strong> Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800<\/a><\/p>\n","post_title":"The Fed Raises Interest Rates By 25 BPS This Wednesday; Effects On Crypto And Financial Markets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-fed-raises-interest-rates-by-25-bps-this-wednesday-effects-on-crypto-and-financial-markets","to_ping":"","pinged":"","post_modified":"2023-05-04 22:08:47","post_modified_gmt":"2023-05-04 12:08:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11491","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11478,"post_author":"13","post_date":"2023-05-03 20:04:39","post_date_gmt":"2023-05-03 10:04:39","post_content":"\n The Italian government has introduced a 26% tax rate for digital assets applicable to individual and institutional investors.<\/p>\n\n\n\n The policy shifts, which took place this year, followed the passing of the country's Budget Law last December. It applies to any gains above 2,000 euros on all crypto transactions, including staking, a term referring to the locking of assets by investors to help validate transactions in a blockchain for a return. The report<\/a> first appeared on the local news outlet, L\u2019Economia.<\/p>\n\n\n\n Up until December 31, cryptos in Italy were subject to a tax policy under foreign currencies for any portfolio not more than 51,646.68 euros. That legislation has since changed, and since January, Meloni's administration has treated digital assets like other financial assets besides government-issued bonds.<\/p>\n\n\n\n See Related: <\/em><\/strong>Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023<\/a><\/p>\n\n\n\n The crypto community has negatively received the new tax regime from the Italian authorities. Many fear it could render the country uncompetitive for digital asset investors who may shift focus overseas. There are also concerns that the tax policy could influence other jurisdictions to take similar steps.<\/p>\n\n\n\n Gianluigi Guida, the general manager of Binance Italy, commented: \"In the absence of a fine-tuning, this legislation will be difficult to apply in practice and will open the doors to various disputes, with the risk of obtaining the opposite effect to that hoped for.\"<\/em><\/p>\n\n\n\n See Related: <\/em><\/strong>30% Digital Mining Energy Tax; White House Advisors Push For Regulation<\/a><\/p>\n\n\n\n As digital assets evolve, several jurisdictions are considering taxing the fast-growing sector, while others are taking a favourable stance to reap the economic benefits. Germany, for instance, currently applies no capital gain tax on digital assets.<\/p>\n","post_title":"Italy Imposes Punitive 26% Tax On Crypto Profits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-imposes-punitive-26-tax-on-crypto-profits","to_ping":"","pinged":"","post_modified":"2023-05-04 13:06:11","post_modified_gmt":"2023-05-04 03:06:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11478","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Many companies could face liquidity problems, and economist David Rosenberg has warned that the U.S. economy is facing two big risks. David Rosenberg said<\/a>:<\/p>\n\n\n\n \"We have a possible debt default on our hands and a spreading bank crisis. The banking turmoil that started with Silicon Valley Bank's collapse in March remains unresolved, and First Republic's failure and takeover by CEO Jamie Dimon's JPMorgan has reignited worries about broader financial instability. Moreover, political disagreement about raising the U.S. government's borrowing limit is fanning fears of a debt-ceiling crisis.\"<\/em><\/p>\n\n\n\n See Related: <\/em><\/strong>United States May Fund Its Deficit By Printing More Money; Could Default By June 1st<\/a><\/p>\n\n\n\n Higher rates encourage saving over spending and make the debt more costly. Companies with bigger credit or other loans with variable interest rates could be in a difficult situation. We expect to see a meaningful slowdown in economic growth and a weakening of the labour market in the United States in the upcoming months. <\/p>\n\n\n\n At the same time, Brian Jacobsen, chief economist at Annex Wealth Management, said<\/a> that the manufacturing and housing sectors are in a recession already. The famous investor Jeremy Grantham warned that the U.S. stock market could experience significant losses soon, and a recommendation is that investors should continue to take a defensive investment approach.<\/p>\n\n\n\n Stocks aren't the only assets that could significantly lose their value. Investors should remember that cryptocurrencies could also be in the situation to make an even bigger fall. The crypto market displayed a high correlation with U.S. equities. If a downtrend is witnessed in the stock market, the same is usually replicated in the crypto-sphere.<\/p>\n\n\n\n See Related:<\/em><\/strong> Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800<\/a><\/p>\n","post_title":"The Fed Raises Interest Rates By 25 BPS This Wednesday; Effects On Crypto And Financial Markets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-fed-raises-interest-rates-by-25-bps-this-wednesday-effects-on-crypto-and-financial-markets","to_ping":"","pinged":"","post_modified":"2023-05-04 22:08:47","post_modified_gmt":"2023-05-04 12:08:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11491","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11478,"post_author":"13","post_date":"2023-05-03 20:04:39","post_date_gmt":"2023-05-03 10:04:39","post_content":"\n The Italian government has introduced a 26% tax rate for digital assets applicable to individual and institutional investors.<\/p>\n\n\n\n The policy shifts, which took place this year, followed the passing of the country's Budget Law last December. It applies to any gains above 2,000 euros on all crypto transactions, including staking, a term referring to the locking of assets by investors to help validate transactions in a blockchain for a return. The report<\/a> first appeared on the local news outlet, L\u2019Economia.<\/p>\n\n\n\n Up until December 31, cryptos in Italy were subject to a tax policy under foreign currencies for any portfolio not more than 51,646.68 euros. That legislation has since changed, and since January, Meloni's administration has treated digital assets like other financial assets besides government-issued bonds.<\/p>\n\n\n\n
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The New Taxation Policy Rubs The Crypto Community The Wrong Way<\/h2>\n\n\n\n
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The New Taxation Policy Rubs The Crypto Community The Wrong Way<\/h2>\n\n\n\n
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The New Taxation Policy Rubs The Crypto Community The Wrong Way<\/h2>\n\n\n\n
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The New Taxation Policy Rubs The Crypto Community The Wrong Way<\/h2>\n\n\n\n
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The New Taxation Policy Rubs The Crypto Community The Wrong Way<\/h2>\n\n\n\n
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The New Taxation Policy Rubs The Crypto Community The Wrong Way<\/h2>\n\n\n\n
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The New Taxation Policy Rubs The Crypto Community The Wrong Way<\/h2>\n\n\n\n
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The New Taxation Policy Rubs The Crypto Community The Wrong Way<\/h2>\n\n\n\n
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The New Taxation Policy Rubs The Crypto Community The Wrong Way<\/h2>\n\n\n\n
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The New Taxation Policy Rubs The Crypto Community The Wrong Way<\/h2>\n\n\n\n
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