Italy Plans to Raise Tax on Cryptocurrencies
The Italian government plans to increase the capital gains tax rate, which will also apply to cryptocurrencies. Deputy Economy Minister Maurizio Leo stated that the proposal aims to raise the tax from 26% to 42%. The increased revenue is intended to fund infrastructure development and social policy initiatives.
Source: Bloomberg
Denmark Considers Tax on Unrealized Gains
Denmark has also sparked discussions around a similar idea, though there are some misconceptions. The Danish Tax Law Council has only prepared a report on cryptocurrency taxation, presenting three main proposals, one of which includes a tax on unrealized gains. This would mean that individuals holding digital assets would have to pay a tax on the "holding" of their assets. However, it’s important to emphasize that this idea is not yet under parliamentary debate—it’s just a tentative suggestion within the report and is unlikely to take effect in its current form.
Source: Cointelegraph
Bitcoin Mining Difficulty Reaches Record High
The difficulty of mining Bitcoin has surged to a record high of 95.88T—the highest in the cryptocurrency’s history. This increase, approximately 4%, occurred over a short period, highlighting the expansion of the Bitcoin network and potentially signaling a rise in Bitcoin’s price.
Source: Cryptopotato.com
Will Donald Trump Win the Presidential Election?
In less than two weeks, Americans will vote for the next president. According to polls in swing states, both candidates—Donald Trump and Kamala Harris—are neck-and-neck, with a slight edge for Trump. Data from Polymarket, a popular prediction platform, suggests the Republican candidate holds a significant lead. However, it’s worth noting that individuals worldwide place bets on this platform. A Trump victory is expected to boost Bitcoin’s value, as he has promised a pro-crypto policy. A win for Kamala Harris could trigger a correction, but it likely wouldn’t end the bull run—just temporarily dampen growth.
Source: Polymarket.com