42% tax is too much. I don't think it's ideal. Such a step means the government wants to restrict the use of cryptocurrency. 42% is not a matter of joke.
I wonder how much it will cost for Italy residents, to report taxes on addresses that hold less than 10 cents! But have 10M transactions in one year...
Here is my capital gains, 1TB of data to upload...
well that will destroy crypto in that country
42% tax is too much. I don't think it's ideal. Such a step means the government wants to restrict the use of cryptocurrency. 42% is not a matter of joke.
#cent #crypto #freecompliments
They don't even know what they are doing... its just politics pressure from European stuff.
I wonder how much it will cost for Italy residents, to report taxes on addresses that hold less than 10 cents! But have 10M transactions in one year...
Here is my capital gains, 1TB of data to upload...
This is insane, I was in a illusion that only Indian government imposed the heavy tax on crypto.
#freecompliments #gf
Well Italy, I dont think that is going to be a smart move