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On December 11, Italian politicians said on Tuesday that they will cut the increase in cryptocurrency capital gains tax. According to the 2025 budget, which will be approved by parliament at the end of December, the Ministry of Finance intends to increase the capital gains tax on cryptocurrencies such as bitcoin from 26% to 42%. The coalition said that this move will risk boosting the shadow economy. Political sources said that the government may even decide to keep the 26% tax rate unchanged.
Cryptocurrency critic Molly White and consumer advocacy group Public Citizen have filed their latest complaint with the Federal Election Commission, continuing to accuse Coinbase of violating U.S. campaign finance laws. The original complaint, filed Aug. 1, alleges that Coinbase violated campaign finance laws after it began negotiating contracts with the Marshals Service in early March. They allege that the cryptocurrency exchange violated campaign finance laws by donating $25 million to pro-cry...
Iranian government officials and hard-liners have strongly criticized the popularity of the blockchain game Hamster Fight, arguing that the simple game is a soft power tool exploited by Western countries. Habibollah Sayaria, the deputy chief of staff of the Iranian military, and Ayatollah Nasser Makarem Shijianqi, the religious leader, have accused the game of trying to distract Iranians from the upcoming presidential election. In addition, they see the entire cryptocurrency sector as rife with ...
