A representations of cryptocurrencies in this illustration taken, January 24, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
ROME (Reuters) - Italy's economy minister on Thursday defended his decision to raise taxes on cryptocurrency capital gains as part of next year's budget, despite pressure from some lawmakers in his own party to backtrack.
Giancarlo Giorgetti said savers should make a distinction between investments that finance tangible projects and cryptocurrencies, whose value he said is completely disconnected from underlying assets.
