[Lunch Briefing] Italy Raises Bitcoin Transfer Income Tax to 42%

Major virtual assets are mixed. As of 1:14 pm on the 17th, based on Bithumb, Bitcoin (BTC) fell 0.05% from the previous day to 915.58 million won. Ethereum (ETH) rose 1.44% to 35.82 million won, Binance Coin (BNB) rose 1.49% to 81.85 million won, Solana (SOL) fell 0.10% to 20.97 million won, and Ripple (XRP) rose 0.67% to 747 won. At the same time, on CoinMarketCap, BTC recorded $67,480.74, up 0.42% from the previous day. ETH rose 0.7% to $2,638.20, BNB rose 1.79% to $604.79, SOL rose 0.24% to $154.58, and XRP rose 1.19% to $0.5494. The total market capitalization of virtual assets increased by 0.43% from the previous day to about $2.32 trillion (about 3,174.3631 trillion won). The Crypto Fear & Greed Index of alternative.me fell 2 points from the previous day to 71 points, indicating 'Greed'. Italy plans to raise the capital gains tax rate on Bitcoin to 42%. According to The Block on the 16th (local time), Deputy Minister of Economy Maurizio Leo said in a press conference on the 2025 Italian budget that "the capital gains tax rate on virtual assets such as Bitcoin will be raised from 26% to 42%" to secure funds for supporting youth and businesses. This increase is analyzed as revealing a change in the Italian government's stance on virtual assets. Until now, the capital gains tax rate on virtual assets and foreign currency assets in Italy has been the same. However, going forward, the tax rate on virtual assets will be raised to differentiate them.