From 1 January 2027, we take care of the taxes on the crypto-assets you hold on the platform. Here’s how it works and what you need to know.
Note before reading: this article is for Italian tax residents.
Every year it’s the same story: capital gains, capital losses, cost bases, lines and columns of tax return sections. If you’ve read our guides on the tax return, you know what we’re talking about. Since 9 November 2026 there’s an alternative: the Administered Regime.
By joining by 31 December 2026, Young Platform becomes your withholding agent for the crypto-assets you hold on the platform. In practice, from 1 January 2027, we calculate the taxes due, withhold them and pay them to the Italian Revenue Agency. In this article you’ll learn what the Administered Regime is, how it works, how and by when to join, and why it could be worth it for you.
Administered Regime and withholding agent: what are they?
The Administered Regime wasn’t born with crypto-assets. It has long existed for shares, bonds and ETFs. For example, anyone with a securities account at a bank has probably never declared the gains on their investments: the bank took care of it, acting as withholding agent. What does that mean?
A withholding agent is the party that, by law, calculates and withholds the taxes owed by another person and pays them to the State. The most common case is the employer: in your payslip you receive your salary already net of taxes, because the company withheld them – “at source” – and paid them.
This mechanism can now also apply to transactions carried out with crypto-assets. This is where we come in: on Young Platform the Administered Regime is available for crypto-assets held in custody on the platform. In other words: as far as crypto-asset taxation is concerned, from 1 January 2027 Young Platform will act as withholding agent.
All this, of course, upon joining: by 31 December 2026, anyone with a Young Platform account can choose whether or not to join the Administered Regime.
What’s the alternative?
The alternative to the Administered Regime is the declarative regime: you calculate your capital gains and losses and report them every year in Section RT or Section T of your tax return.
Like practically everything to do with taxes in Italy, the declarative regime is rather complicated. You need to:
- Work out how much you paid for your crypto-assets, i.e. provide proof of the cost basis
- Apply the LIFO (Last-In-First-Out) method
- Calculate capital gains correctly (26% or 33%? Exemption threshold or not?)
- Report the right capital losses in the right years
- Know which transactions are taxed and which aren’t
- Be clear on the difference between staking, airdrops and cashback
And more. In short, a careless mistake or a moment of inattention could have a significant impact in the future.
Administered Regime: how does it work?
In short, the Administered Regime exempts you from having to declare your cryptocurrencies and pay taxes via the F24 form: Young Platform handles everything automatically. Let’s quickly see what happens:
- When you sell crypto-assets for euros or convert them into stablecoins, the system calculates the capital gain or loss. Before confirming, you’ll see the estimated tax and the net amount due to you. The tax is withheld immediately and paid to the State.
- Capital losses are automatically offset against subsequent capital gains, within the 4 years allowed by law. In the app you can see those still to be used and their expiry date.
- Airdrops and YNG cashback are taxed when you receive them: what lands in your Young wallet is already net of taxes.
- For staking, the tax is deducted when the position closes, i.e. when the rewards become available.
What the Administered Regime doesn’t include
Just a reminder: if you join the Administered Regime, Young Platform becomes withholding agent only for the crypto-assets you hold on the platform. Excluded are:
- Crypto-assets you hold on other platforms or in external wallets;
- Activity on the DeFi Wallet, which for now remains under the declarative regime pending clarification from the Italian Revenue Agency.
Withdrawals also follow specific rules. To a wallet or account you own you pay nothing, provided you’ve proven ownership: we tell you the cost basis of the outgoing crypto-assets. Withdrawals to your unverified wallets, or to other people’s wallets, on the other hand, are not allowed under the Administered Regime.
Joining and timing: what you need to know
Let’s quickly go over a couple of more “logistical” points: how and when to join the Administered Regime.
How do you join?
If you’re already registered on Young Platform, you’ll find the banner on the Home and in the Tax section. You can accept the terms directly in the app, with fingerprint, Face ID or PIN.
The Administered Regime is reserved for individuals and there are specific rules for non-residents. We’ll share updates with you very soon.
By when?
To have the regime active from 1 January 2027, you must join by 31 December 2026. If you’re already registered and join in 2027, the regime will start on 1 January 2028. Anyone signing up to Young Platform from 2027 chooses it during registration and has it active straight away.
Can you change your mind?
Yes, until 31 December 2026 you can freely switch from the Administered Regime to the declarative regime and vice versa. From 2027 the choice becomes binding for the current year: if you revoke your membership, you go back to the declarative regime from the following year.
You still declare 2026 yourself
As we’ve just explained, the Administered Regime applies to transactions from 1 January 2027. For the whole of 2026 you remain under the declarative regime and will have to file your tax return by 30 June 2027.
2027 will therefore be a double tax year: the tax return for 2026 and automatic withholding for 2027. For 2026 there are Young Platform’s reports, which you’ll find in the Tax section. Just a reminder: capital losses accrued under the declarative regime don’t carry over to the Administered Regime.
If you still have capital losses from past years, you can use them to offset any capital gains from transactions carried out with our DeFi Wallet – DeFi, as mentioned, remains under the declarative regime.
Have you deposited crypto-assets from other platforms or wallets?
Crypto-assets coming from outside come in with a cost basis of €0 because we at Young Platform can’t know how much you paid for them. Put simply: instead of paying taxes only on the capital gain, the percentage would be calculated on the entire proceeds.
To avoid this you’ll need to certify your deposits: you choose the deposits, upload your transaction history and our operators verify the data. Certification has a cost based on the value of the selected deposits, reduced for those who certify by 31 December 2026.
The difference between a certified and an uncertified deposit is substantial. For example: you deposit 1 BTC bought elsewhere at €40,000 and sell it at €60,000.
- With a certified cost basis, you pay taxes on €20,000 of capital gain, i.e. €6,600 (33% of €20,000).
- Without certification, you pay them on the full €60,000, i.e. €19,800 (33% of €60,000).
Important! After 31 December 2026 you’ll still be able to certify your deposits, but watch out: make sure you do it before carrying out any transactions in 2027 (excluding euro deposits and withdrawals). Otherwise, they all go to €0 permanently.
If instead you’ve always bought and sold only on Young Platform, you don’t need to do anything. Your cost basis is rebuilt automatically from your transaction history. In any case, before confirming the transaction you’ll receive a warning from the app.
Administered Regime: why could it be worth it for you?
It costs you nothing: joining the Administered Regime is free. The only possible cost is certifying deposits that came from outside – if you have any.
One less thing to think about. No calculations and no lines to fill in for crypto-assets on Young Platform: taxes withheld automatically, capital losses offset on their own and everything summarised in the app.
Life is busy enough: simplify the tax side of things. Open the Young Platform app, tap the banner on the Home or in the Tax section and join the Administered Regime by 31 December 2026.
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