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. […]