The government wants to incentivize people to hodl. Law of unintended consequences.
Italy government just announced that the capital gain taxation for Bitcoin will jump from 26% to 42%. So funny.
https://youtu.be/yaUpHFb81bQ?si=62kWSIOIqTm3XDUn&t=489
#italy #tax
The government wants to incentivize people to hodl. Law of unintended consequences.
Also a great incentive to hodl and use Bitcoin as collateral for lending.