Italy's government, led by Prime Minister Giorgia Meloni, is planning to revise the proposed tax increase on cryptocurrency trading.

The League, a coalition partner, has suggested reducing the proposed tax rate from 42% to 28%, as outlined in a recent budget proposal.

This adjustment comes as the current tax rate is 26%. The revision reflects ongoing discussions within the coalition regarding fiscal policy and the treatment of digital assets.

The proposed amendment aims to strike a balance between the government's revenue needs and the goal of creating a more favorable environment for crypto trading in Italy.