Strategies to Thrive in Europe’s Evolving Crypto Tax Environment
In 2023, the Italian government imposed a 26% capital gains tax on crypto, aligning digital assets with traditional investments such as stocks. Recently, it suggested raising this rate to 42%, further solidifying cryptocurrencies within established financial regulations. Similarly, France introduced a proposed amendment in November to tax unrealized capital gains, further categorizing crypto as wealth on par with equity or other financial holdings. The concept of taxing unrealized gains, which primarily targets high-net-worth businesses and individuals, has gained momentum in Europe. According to Nexo’s finance director Martin Manolov, such measures signal the growing recognition of cryptocurrencies’ role in today’s financial…
