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The original was posted on /r/monero by /u/themrgq on 2024-10-16 22:38:14+00:00.

As I’m sure many of you saw, Italy apparently raised the tax rate on crypto from 26 to 42% which is insane. Now I’ve been critical of monero over the years, but at the same time have always held a position because I do think that there will always be reasons to need a currency that is not traceable. Whether it’s for positive or not, so positive reasons.

I have been very impressed by the resilience of the price (I obviously am concerned primarily about price as I don’t make significant numbers of monero transactions) despite the delisting from binance. I know that the haveno application just launched though I don’t really know the technical details of how you can fund transactions. I assume you still need a crypto whether it’s Bitcoin or otherwise. But it will be interesting to watch monero unfold over the next few years. I believe it will go well beyond the market cap it is currently sitting at though. How do they even get the full market cap of monero? Anyways, good stuff

Just noticed a massive mistake and I previously declared the country of Aleve had increased their crypto taxes. It’s fixed now, luckily Aleve has left their taxes alone.