2026-01-02 22:22:40

Recently, Italy has increased the capital gains tax on crypto investments to 33%, causing many retail investors to frown. Interestingly, while small investors are being scared away, traditional established institutions like Yuxin Bank are quietly issuing blockchain bonds.

There is a lot of depth behind this trend. On one hand, the wave of tax compliance worldwide has already taken shape, and the era of wild growth and casual profits is indeed over. On the other hand, traditional financial giants are entering compliance through RWA (Real World Asset) tokenization. This is no longer a small pilot project but a strategic move to seize assets.

From a market perspective, the high-pressure regulation will indeed squeeze retail investors' operational space, but let's not forget that the liquidity and compliance infrastructure brought by these institutions could foster a healthier and more sustainable bull market. Ethereum itself is continuously upgrading and iterating, and on-chain asset forms are exploding. Projects with real value hidden within the ecosystem might be the key.

What do you think about this situation? Is it better to quickly adjust your tax strategy or to follow the footsteps of institutions into a more reliable track? Feel free to share your thoughts.

ETH0,45%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

18 Likes

Reward
18
10
Repost
Share

Comment

0/400

GhostInTheChain

· 01-05 22:13

A 33% tax rate directly crushes retail investors, but when institutions are behind the scenes doing RWA activities, we're still debating about transaction fees. Speaking of which, this wave is indeed a big fish eating small fish scenario. If we don't keep up with the institutions' pace, we'll get trapped and stuck.

View OriginalReply0

PumpAnalyst

· 01-05 15:10

33% tax rate directly crushes retail investors, but institutions are quietly accumulating chips. This is a clear game. The RWA path looks glamorous, but don't be fooled by promises before getting cut. It depends on who is pushing the project. Instead of stressing over taxes, it's better to find projects with real cash flow to lay low on. There are still some things worth researching in the Ethereum ecosystem.

View OriginalReply0

HodlOrRegret

· 01-05 00:09

A 33% tax? Laughable. Small investors have indeed been cut, but institutions have already been planning their next move. Retail investors are scared off by taxes, while big institutions are deploying RWA. The gap is too obvious. Basically, it's wealth disparity—rich people enter legally, while the poor pay taxes and go home. Projects with real value are the true way out; stop chasing those air coins. Institutional liquidity coming in is actually good for the ecosystem; it just means small investors won't have the chance to eat the meat. Follow the big funds? Come on, it also depends on whether you can grasp it. Who says high taxes mean you can't survive? True on-chain users don't care about this stuff. Wait and see—when RWA explodes, that's the real opportunity window.

View OriginalReply0

AltcoinMarathoner

· 01-02 22:52

just like mile 20 hits different, this institutional money flow is the real marathon starter signal. retail getting shaken out? classic water station moment.

Reply0

Token_Sherpa

· 01-02 22:50

honestly the 33% tax thing is just natural selection at this point. retail always gets shaken out before institutions actually move capital. RWA infrastructure is real but everyone's sleeping on the boring utility plays while chasing ponzinomics. sustainable tokenomics won't make headlines but that's where actual value compounds.

Reply0

PanicSeller

· 01-02 22:49

A 33% tax rate has directly discouraged me; it feels like retail investors really have no way out. Institutions are quietly taking profits, while we are being "cut leeks" here. The game rules are changing too quickly. The RWA path indeed has potential, but it depends on how the follow-up is laid out. The risks are still quite high. Instead of obsessing over taxes, it's better to research which projects are truly valuable. Don't follow the trend blindly. The compliance wave is coming. Retail investors are indeed being squeezed, but the influx of institutional liquidity might really trigger a rally. Ethereum ecosystem is booming, but the question is, is it a bit late to get in now? This time it's not a multiple-choice question; it seems like we're forced to follow the institutions. Tax compliance is a one-size-fits-all approach. Does this mean there's no way out for small investors? Burying long-term value projects sounds good, but who can guarantee not to lose money at this stage? I can't quite understand what the institutions are really trying to do. Are they genuinely optimistic or just finding ways to drain our money?

View OriginalReply0

CascadingDipBuyer

· 01-02 22:47

A 33% tax rate is really outrageous, but while institutions are deploying RWA, retail investors are still struggling with taxes. Isn't this gap too big?

View OriginalReply0

0xSherlock

· 01-02 22:35

33%? Directly discouraging... But on the other hand, retail investors being cleared out might not be a bad thing? Only with institutional involvement is liquidity guaranteed.

View OriginalReply0

OnChainArchaeologist

· 01-02 22:28

33% tax directly discourages retail investors, while big capital quietly enters the market. This situation is pointless. Institutional entry will indeed change the game rules, but have we been spared from being exploited? The hype around RWA feels a bit overblown; the real profit still comes from those who understand the cycle. Instead of following institutional trends, it's better to research projects with genuine cash flow—don't just look at the story. I wonder what everyone thinks; anyway, I don't believe regulators will be particularly friendly to anyone. Those who say compliance can lead to a bull market, I remain skeptical. Retail investors still need to learn how to find loopholes; don't expect the system to favor us. Yuxin Bank's blockchain bonds are just creating a new tool to cut the leeks. While institutional involvement can improve liquidity, at what cost? Are our chips worth anything? Lurking in ecological projects sounds appealing, but who can guarantee this time isn't just another bag-holder?

View OriginalReply0

RugPullSurvivor

· 01-02 22:26

33% this tax rate is really incredible; retail investors are directly taken for a ride Institutions are quietly making huge profits, while we're still paying the IQ tax Laying in wait in the RWA track is the real deal; don't get caught in the tricks with small investors

View OriginalReply0