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BlackRock CEO Says ‘Next Generation for Markets’ Is Tokenization
Speaking at a New York Times DealBook event, Fink argued that tokenization will provide “instantaneous settlement” and “reduced fees.” Despite these advantages, he added that the development of this type of technology wouldn’t disrupt BlackRock’s business model.
Italy to impose 26% capital gains tax on crypto profits
In its 2023 budget are plans to impose a 26% levy on profits larger than 2,000 euros ( $2,062) made on cryptocurrency trading, according to Bloomberg. If the proposed bill is signed into law, taxpayers will have the option to declare the value of their digital asset holdings as of Jan. 1 and pay a 14% tax. This is intended to incentivize Italians to declare their digital assets on their tax returns.
Mark Zuckerberg is 'Long-term Optimistic' about Metaverse
During the New York Times DealBook Summit in New York City on Wednesday, Meta Platforms (META) CEO Mark Zuckerberg stated he was still hopeful about the metaverse on a longer, "five-to-ten-year horizon."
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