Nur wenige Tage zuvor beantragte Canary einen XRP-ETF, was Analysten als „Kaufoption“ auf die US-Präsidentschaftswahlen im November bezeichnen.
Ethereum-Trader: Begrenztes Aufwärtspotenzial bei ETH
Analysten sagen über ETH-Optionen, dass die „relativ geringe Anzahl“ der gekauften Ether-Calls darauf hindeute, dass die Kurszuwächse beim Altcoin in nächster Zeit begrenzt sein könnten.
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% to a staggering 42%, according to Vice Economy Minister Maurizio Leo.
This announcement was made during a press conference detailing the country’s budget for 2025, where Leo highlighted measures approved by the Council of Ministers aimed at generating additional resources to support families, youth, and businesses.
Italian’s new tax policy reclassifies crypto taxation
The new tax policy marks a significant shift from the current framework, which has been in place since the 2023 tax year.
This change follows a broader reform that reclassifies cryptocurrency taxation, moving away from treating cryptocurrencies as foreign currency, which had previously benefited from lower tax rates.
Under the previous regime, capital gains exceeding €2,000 (approximately $2,180) were taxed at a rate of 26%.
European countries tightening tax regulations on digital assets
The increase in the capital gains tax on cryptocurrencies reflects a growing trend among European countries to tighten tax regulations on digital assets.
Similar moves have been reported in the UK, where Chancellor Rachel Reeves is considering raising capital gains taxes, including those on cryptocurrencies, from 20% to 39%.
In addition to the capital gains tax hike, Leo mentioned that Italy plans to intensify its efforts to combat tax evasion, particularly through stricter regulations on cash transactions. This initiative aims to create a more transparent financial environment and bolster government revenues.
Despite the proposed tax increases, Italian Prime Minister Giorgia Meloni reassured citizens that there would be no new taxes affecting the general population. She stated that the government remains committed to structural tax cuts for workers and plans to allocate €3.5 billion from banks and insurance companies to healthcare and support for the most vulnerable sectors of society.
As Italy prepares to implement these tax changes, the implications for cryptocurrency investors and the broader digital asset market remain to be seen, especially in a landscape where regulatory scrutiny is increasing across Europe.
The post Italy set to raise Bitcoin capital gains tax to 42% appeared first on CoinJournal.
Kryptomarkt im Jahr 2024 "dramatisch" gereift: Coinbase-Bericht
Die Kursentwicklung sollte nicht über die schnellen Fortschritte im Hinblick auf Institutionen und Nutzer hinwegtäuschen, so Coinbase und Glassnode in einem Bericht zum vierten Quartal.
US prosecutors urge judge to hand Bitfinex hack mastermind five-year sentence
- The Bitfinex crypto hack resulted in the theft of 120,000 Bitcoin
- Ilya Lichtenstein used a series of sophisticated methods to hide the stolen funds between 2016 and 2022
- He told his wife and co-conspirator about the hack in 2020 who then helped him to hide the stolen assets
US prosecutors have told a judge that the mastermind behind the Bitfinex exchange hack should receive five years in prison.
Ilya Lichtenstein, who pleaded guilty last year after stealing 120,000 Bitcoin, was arrested in 2022. His wife and co-conspirator Heather Morgan was also taken into custody, in connection to the 2016 Bitfinex crypto hack. During their arrest, police seized Bitcoin worth around $71 million at the time of the hack.
According to Bloomberg, a court filing was submitted to the US District Court of Columbia, US prosecutors say Lichtenstein should receive a longer sentence than Morgan, also known as rapper Razzlekhan.
Last week, federal prosecutors recommended that Morgan receive an 18-month prison sentence given her “substantial assistance” in the case and the fact that she didn’t know her husband had hacked into Bitfinex.
Prosecutors argued that a stronger sentence for Lichtenstein would help deter young cybercriminals from attempting the same thing. According to them, this online activity is “normalized in a way that trivializes the impact on the victims.”
By giving a tougher sentence, prosecutors believe it will “help to break this cycle.”
Sole responsibility for the hack
While it was initially believed that both of them were involved in the exchange’s hack, Lichtenstein was identified as the primary person responsible.
It was only in 2020 that Morgan found out about what her husband had done and admitted to helping him hide the stolen crypto. Following the hack, Lichtenstein transferred around 120,000 Bitcoin into a self-custody wallet under his control.
Over the next few years, he withdrew 25,000 Bitcoin, laundering the stolen funds through darknet markets, non-compliant virtual currency exchanges, and mixers and tumblers, including Bitcoin Fog, Helix, and ChipMixer.
With Morgan’s help, the pair used the stolen funds to buy nonfungible tokens (NFTs), gold, and Walmart gift cards.
Prosecutors have not pushed the judge to give Lichtenstein the maximum sentence due to his assistance in other criminal cases. For instance, in February, Lichtenstein testified as a government witness in a money-laundering trial against Bitcoin Fog.
The pair are scheduled to be sentenced in November.
The post US prosecutors urge judge to hand Bitfinex hack mastermind five-year sentence appeared first on CoinJournal.