There is little doubt that blockchain is here to stay, but there is still a big hurdle to overcome: ease of use. Huge advances have been made in the last five years: I still remember that in 2017, even the most basic operations took hours to complete. An unusable computer [...]
Paragraph 133 law 197/2022 It provides the opportunity to re-evaluate the purchase price of your cryptocurrencies. What’s it about? This is the possibility of the purchase value of your assets being recalculated as of January 1, 2023. What amount should be redetermined? At the normal value of assets held at [...]
The cryptocurrency amnesty has an expiration date: November 30, 2023. To be honest, it’s more of an “emergency appeal” than an amnesty. As a matter of fact, paragraph 138 of the latest Budget Law allows those who do not declare the income of crypto assets held as of December 31, [...]
A famous one was published in England in 1984. Advertising for Kit Kat candy bars, where a promising young band plays the demo tape in front of a bored music executive. And after eating a bar, the manager says, “You can’t sing, you can’t play, and you look awful… you’ll [...]
Our insights into taxes and cryptocurrencies continue. As foreseen in previous contributions, a part of the text of the Newborn Law No. 197/2022 has been devoted to this subject. Here we will deepen the art. 33 of the bill titled “Redetermination of the value of crypto assets”. Let’s see what [...]
habemus Budget Law 2023and with it the first attempt to classify cryptocurrencies. In a previous article, we already explained our first impression of the amnesty for cryptocurrencies. In short, it consists of the possibility of eliminating such assets from being included in past years’ tax returns. How can this be [...]
Before diving into the world of decentralized finance, it is necessary to define a few pillars: the real reference points that make up the history of this ecosystem. Being an agent-free environmentWe need interfaces that allow us to take advantage of some of DeFi’s core features: exchange one crypto for [...]
“I was feeling a little DEGEN today and bought some tokens for STAKING in a DEFI app but in reality it was a RUG PULL, now I’m REKT… so always remember, DYOR!” Someone who read these words would say: “But what language is this?!Still, such chats are not uncommon among [...]
There is always a before and after: Michael Jordan, Albert Einstein, Breton Woods, the people and moments that changed history. August 2020: This was a crucial crossroads for the world of cryptocurrencies. A month that meant three-digit percentage gains for some, but for everyone it represented definitive proof that blockchain [...]
If I were asked to describe cryptocurrencies with a photograph in August 2020, I would use an image of an Italian beach: crowded in summer, desolate in winter. In bull markets, everyone races to find the most exotic crypto, but when the dark season comes, everyone disappears. It is understandable [...]