Calls for European Nations to Repatriate Gold From US Amid Geopolitical Concerns
Germany and Italy are facing increasing pressure to relocate their gold reserves from the New York Federal Reserve due to rising geopolitical tensions and concerns over U.S. monetary policy under President Donald Trump. With Germany and Italy holding the second and third largest national gold reserves globally, valued at over $245 billion combined, former politicians […]
Crypto May Erode Public Trust in Credit, Warns Central Banker
A top central banker warns crypto’s accelerating fusion with traditional finance could unleash market turmoil, damage trust in banks, and jeopardize control over sovereign monetary systems. Central Banker Cautions: Misunderstood Crypto May Trigger Market Fallout Bank of Italy Governor Fabio Panetta, who served on the European Central Bank (ECB)’s Executive Board from 2020 to 2023, […]
Italy’s largest bank, Intesa Sanpaolo, buys $1M Bitcoin
Intesa Sanpaolo Bank buys $1M in Bitcoin. The bank is the first Italian bank to invest in crypto. The move is a low-risk experiment with digital assets in preparation for potential client demand. In a pioneering move for Italy’s financial sector, Intesa Sanpaolo, the country’s largest bank, has ventured into the cryptocurrency market by purchasing […]
Italy will drop plans to increase tax on crypto capital gains
Italy drops plans to raise crypto tax from 26% to 42% after industry opposition. Lawmakers propose capping the tax at 28% or maintaining the current 26% rate. Progressive taxation and exemptions aim to protect small investors and boost crypto. Italy has decided to abandon a controversial proposal to raise the tax on cryptocurrency capital gains […]
Italy scales back plans to hike crypto tax rate: Report
A Bloomberg report suggested Italian Prime Minister Giorgia Meloni could accept a proposal for a 28% tax hike on crypto rather than a 42% one.This post was originally published on this site
Italy’s finance minister defends 42% crypto capital gains tax plan
Giancarlo Giorgetti said cryptocurrencies like Bitcoin presented a “very high level of risk,” highlighting the need for additional taxes.This post was originally published on this site
Sanctions Backfire: European Exporters Suffer More Than Russia
European sanctions against Russia are impacting small European exporters, particularly in Italy, more severely than Russia itself, according to Ferdinando Pelazzo, president of the Italian-Russian Chamber of Commerce. Small and medium-sized enterprises (SMEs) are struggling with disrupted payment systems and logistical challenges due to the sanctions. Italian businesses heavily reliant on Russian markets now face […]
Italy set to raise Bitcoin capital gains tax to 42%
Italy plans to raise the capital gains tax on cryptocurrencies from 26% to 42%. The new policy reflects a trend among European countries tightening crypto regulations. PM Giorgia Meloni assures no new taxes for citizens despite the proposed increases. Italy is set to increase its capital gains tax on Bitcoin and other cryptocurrencies from 26% […]
Italy considers raising capital gains tax on Bitcoin to 42% from 26%
Italy plans to raise the withholding tax on Bitcoin capital gains to 42% and remove the 750 million euro minimum revenue requirement for the Digital Services Tax.This post was originally published on this site
Italy Prepares to Issue Guidelines on Implementing EU Crypto Regulation
Italy’s central bank will soon release guidelines on implementing the European Union’s Markets in Crypto Assets Regulation (MiCA) Regulation to ensure the payment system’s regular functioning, Bank of Italy Governor Fabio Panetta revealed on Tuesday. In his speech to the Italian Banking Association, Panetta highlighted that MiCA considers electronic money tokens (EMTs) and asset-reference tokens […]