The Italian government has proposed a significant increase in the tax rate on cryptocurrencies, suggesting a rise from the current 26% to 42% by 2025. This measure has raised concerns among cryptocurrency investors and stakeholders in Italy, who fear the impact of such a high tax rate on the industry.

Italian lawmakers are expected to debate this proposal, and there is a possibility of a compromise being reached. The move reflects the government’s attempt to capture more revenue from the rapidly growing digital assets sector.