Italy Demands Answers from Chinese AI Firm DeepSeek on Data Use Italy has recently raised concerns and demanded transparency from the Chinese AI firm DeepSeek regarding its data usage practices. This demand comes in the wake of DeepSeek’s soaring popularity, surpassing even ChatGPT in the competitive US App Store. While the app’s success is undeniable, […]
US IRS Maintains Staking Rewards Are Taxable Income: What It Means for Cryptocurrency Investors
In a definitive ruling, the U.S. Internal Revenue Service (IRS) has reaffirmed its position that staking rewards within cryptocurrency networks are subject to taxation as ordinary income. This development carries significant implications for both individual investors and the broader cryptocurrency landscape as it establishes a crucial precedent in how digital assets are viewed in terms […]
Strengthening Italy’s Digital Infrastructure: Sparkle and Fincantieri's Strategic Alliance
In a significant move aimed at elevating Italy’s position in the global digital landscape, telecommunications company Sparkle and shipbuilding giant Fincantieri have joined forces to enhance the security of submarine cables. This partnership is not just about safeguarding infrastructure; it directly contributes to Italy’s digital innovation and its ambition to become a leader in the […]
Italy’s New Digital Tax: Paving the Way for Fair Competition
In a transformative move, Italy is placing a significant focus on taxing large digital companies as part of its revamped internet tax strategy. This initiative not only aims to level the playing field between major tech giants and small businesses but also seeks to enhance the country’s revenue collection in the rapidly evolving digital economy. […]
South Korea Postpones Cryptocurrency Tax to 2027: Implications for Investors and the Market
In a significant development for the cryptocurrency landscape, South Korea has announced the postponement of its crypto tax framework until 2027. This decision has stirred a mixture of relief and concern among investors and analysts alike, highlighting the ongoing debate about regulation in a rapidly evolving financial market. Initially set to take effect in 2023, […]
Italy Targets Cybercrime with Tough New Measures
In a decisive move to counter rising cyber threats, Italy has unveiled plans for strict new measures aimed at hackers and unauthorized database breaches. This proposed legislation reflects Rome’s commitment to bolstering cybersecurity and addressing the increasing frequency of cyberattacks that threaten national infrastructure and personal data. Italy’s draft decree focuses on unauthorized access to […]
South Korea's Upcoming Cryptocurrency Gains Tax: What You Need to Know
In a decisive move, South Korea’s Democratic Party (KDP) is advancing legislation to impose a tax on cryptocurrency gains starting January 1, 2025. This announcement comes amidst a backdrop of ongoing debates within the government, particularly with the ruling People’s Power Party (PPP), which has suggested a postponement to 2028. The KDP, however, is countering […]
Italy Considers Higher Tax on Cryptocurrency Gains
Italy’s approach to cryptocurrency taxation is undergoing significant scrutiny as the government considers a new proposal to increase the capital gains tax on cryptocurrencies from 26% to 42%. This move, championed by Economy Minister Giancarlo Giorgetti, is part of the 2025 budget plan, which is set to be approved by parliament before the year’s end. […]