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Just-In: Italy Tightens Grip On Crypto, Raises Capital Gains Tax On Bitcoin to 42%

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Summary
Nutrition label

69% Informative

Italy has announced plans to increase capital gain tax on Bitcoin and cryptocurrencies to 42% .

This significant hike, overflowing from an earlier tax rate of 26% , has tightened investors’ exposure to digital assets nationwide, raising market concerns.

At press time, the BTC price gained nearly 3% intraday and is currently sitting at $ 67,546.68 .

Bitcoin futures OI jumped nearly 3.5% to $39.14 billion today , Coinglass data indicated that the coin remains bullish.

VR Score

55

Informative language

46

Neutral language

30

Article tone

formal

Language

English

Language complexity

51

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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