The reduction in the proposed tax rate also highlights the ongoing debate within Italy regarding the best approach to cryptocurrency regulation. While some policymakers advocate for higher taxes to increase government revenue, others argue that lower rates will encourage compliance and stimulate market growth. The 28% cap represents a compromise between these competing perspectives, aiming to strike a balance that benefits both the government and the cryptocurrency community.
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On Nov 10, 2024, 11:46 AM(UTC). According to Binance Market Data, BNB has crossed the 640 USDT benchmark and is now trading at 640.809998 USDT, with a narrowed 2.57% increase in 24 hours.
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Out of the 20 assets included in the index, twelve have recorded gains. Leading the upward movement are Cardano (ADA) and Polkadot (POL), which have surged by 9.9% and 7.9%, respectively. These significant gains highlight the growing investor interest and positive sentiment surrounding these cryptocurrencies.
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