Altcoin News Official TheBitTimes.com

Florida is now proposing new legislation that would eliminate capital gains taxes on Bitcoin, XRP, and also traditional stocks for state residents. The groundbreaking bill, which was introduced right now in May 2025, would create the first 0% capital gains tax rate at the state level for digital assets, and this positions Florida among the no-tax crypto states. At the time of writing, analysts are predicting that this crypto regulation shift could help drive Bitcoin toward the 135K Bitcoin prediction target within an estimated 100 days. Also Read: Dubai Taps Ctrl Alt to Launch Tokenized Real Estate on XRP Ledger How Florida’s Crypto Tax Break Fuels Bitcoin, XRP, and Stocks Source: VidhiLegalPolicy Florida’s Zero Capital Gains Proposal Details The new Florida legislation would exempt Bitcoin, XRP, and also traditional stock investments from state-level capital gains taxes, though federal taxes would still apply to residents. Right now, the proposed 0% capital gains tax would...

Italy plans to raise the capital gains tax on cryptocurrencies from 26% to 42%. The new policy reflects a trend among European countries tightening crypto regulations. PM Giorgia Meloni assures no new taxes for citizens despite the proposed increases. Italy is set to increase its capital gains tax on Bitcoin and other cryptocurrencies from 26% to a staggering 42%, according to Vice Economy Minister Maurizio Leo. This announcement was made during a press conference detailing the country’s budget for 2025, where Leo highlighted measures approved by the Council of Ministers aimed at generating additional resources to support families, youth, and businesses. Italian’s new tax policy reclassifies crypto taxation The new tax policy marks a significant shift from the current framework, which has been in place since the 2023 tax year. This change follows a broader reform that reclassifies cryptocurrency taxation, moving away from treating cryptocurrenc...