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Crypto: Summary for what’s going on the first week January 2023 from Italy to the US Congress and the IRS
Italy has implemented a 26% tax on crypto gains, while other countries are also looking into the additional revenue crypto taxes can provide.
I feel sorry for crypto investors, because at the end of the day, they are looked at as increased tax revenue, rather than investors who are in need of regulations. This especially holds true for U.S. investors.
The U.S. Congress is dragging their feet when it comes to passing crypto regulation laws that will help crypto investors invest in a safer environment. BUT wait. I also appreciate the U.S. Congress for taking the time to really examine this new crypto trend or digital money based on “nothing.”
If I didn’t know better, I would ask the question, “Was crypto currency supposed to be a financial terrorist act created by a Japanese man to pay back the world for Hirashima?”
Wait a minute that is far-fetched, but according to a wealthy criminal, that may be exactly what happened. That is not important. What is important is, the world appears to be in love with a currency based on nothing and even with the massive losses, people are still in love with cryptocurrency.
