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A total of three European countries are actively aspiring to join the BRICS alliance in 2025. The bloc is looking lucrative to countries from Europe, Asia, Latin America, and Africa as they are the only ones challenging the US dollar’s supremacy. No other alliance is openly taking on the White House policies than the 10-member group. Also Read: Historic BRICS Loan Worth $2 Billion in Yuan Disbursed to Australia List of European Counties Interested to Join BRICS Alliance in 2025 The three European countries that wants to join the BRICS bloc are Belarus, Serbia, and Turkey. In addition, France wanted to attend the BRICS 2023 summit in South Africa’s Johannesburg, but its interest was declined by China and Russia. Turkey Source: NewsWeek Turkey had applied for BRICS membership in September 2024 despite being a member of the NATO, but the country is not part of the European Union (EU). Foreign Minister Hakan Fidan referring to BRICS said, “we are interested but we have not been...

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...