Italy Explores Bitcoin Reserve Strategy as Lawmaker Opposes Crypto Tax Increases

Marcello Coppo Leads Parliamentary Push for Crypto-Friendly Policies

Italian lawmaker Marcello Coppo has emerged as a leading voice in Italy's evolving cryptocurrency landscape, advocating for strategic Bitcoin reserves while fighting against punitive taxation policies. As chair of the parliamentary intergroup on digital assets, blockchain and Bitcoin, Coppo is positioning Italy to compete in the global digital asset economy.

Italy's Crypto Tax Battle: Current Rates and Future Changes

Current Taxation Framework

Italy currently imposes a 26% capital gains tax on cryptocurrency transactions. However, significant changes are on the horizon that could impact investor behavior and market participation.

Proposed Tax Increases Face Strong Opposition

The Italian government has proposed increasing cryptocurrency capital gains tax to 33% under the 2025 budget law. This represents a substantial increase from the current rate and has drawn fierce opposition from industry advocates.

Coppo has been instrumental in preventing even higher tax rates, successfully lobbying against an initial proposal for a 42% tax rate. The lawmaker argues that excessive taxation could drive investors to more favorable foreign markets and stifle innovation in Italy's emerging digital economy.

Alternative Tax Options for Investors

Italian cryptocurrency holders have an alternative option under current legislation. Investors can choose to pay an 18% tax on the total value of their crypto assets held as of January 1, instead of paying the standard capital gains tax on transactions.

Strategic Bitcoin Reserve Ambitions

Italy Considers National Bitcoin Holdings

Following global trends and the United States' establishment of a Strategic Bitcoin Reserve, Italy is exploring similar initiatives. Coppo has been discussing the potential for Italy to develop its own strategic cryptocurrency holdings as part of a broader digital asset policy framework.

Parliamentary Intergroup Activities

The parliamentary intergroup on digital assets, under Coppo's leadership, has been actively working to shape Italy's approach to cryptocurrency regulation and adoption. Recent discussions at events like NapulETH 2025 in Naples have focused on the regulatory future of digital assets in Italy.

Regulatory Alignment with European Union

Upcoming Compliance Measures

Italy is working to align its cryptocurrency policies with broader European Union regulations. Full enforcement of new regulatory measures is scheduled for June 2025, which will grant oversight powers to both Consob, Italy's securities market authority, and the Bank of Italy.

Balancing Innovation and Regulation

The challenge facing Italian policymakers is creating a regulatory environment that protects investors while fostering innovation. Coppo's approach emphasizes the importance of competitive taxation rates to maintain Italy's attractiveness as a destination for cryptocurrency investment and blockchain development.

Future Outlook for Italian Crypto Policy

2026 Tax Rate Concerns

Looking ahead to 2026, Coppo has submitted formal parliamentary motions opposing the proposed 33% tax rate increase. His efforts focus on maintaining Italy's competitive position in the global cryptocurrency market while ensuring reasonable tax revenue for the government.

Strategic Positioning in Global Markets

Italy's approach to cryptocurrency regulation and taxation will likely influence its position in the rapidly evolving global digital asset economy. Coppo's advocacy for balanced policies reflects a broader strategy to attract cryptocurrency businesses and investors to Italy.

Impact on Italian Crypto Market

Investor Sentiment and Market Response

The ongoing debate over cryptocurrency taxation has significant implications for investor confidence in the Italian market. Lower tax rates could encourage greater participation, while excessive taxation might drive capital to more favorable jurisdictions.

Innovation and Technology Development

Italy's regulatory approach will also impact its blockchain and cryptocurrency technology sector. Supportive policies could foster innovation and attract international blockchain companies to establish operations in Italy.

Conclusion

Marcello Coppo's leadership in Italy's cryptocurrency policy development represents a critical juncture for the country's digital asset future. His dual focus on strategic Bitcoin reserves and reasonable taxation policies could position Italy as a competitive player in the global cryptocurrency economy. The success of these initiatives will largely depend on finding the right balance between regulatory oversight, tax revenue generation, and maintaining an innovation-friendly business environment.

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