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January 3rd

Jan 3, 2023

Good Morning,

For today’s MexicaNFTimes, we’ve got some great articles and news:

Ferrari removes crypto sponsor from partner list as NFTs in F1 continue to fall
Italian Parliament Approves 26% Crypto-Gains Tax in 2023 Budget
Tax-Loss Harvesting Platform Unsellable is Building ‘The World's Largest Collection of Worthless NFTs'

The MexicaNFTimes

Ferrari removes crypto sponsor from partner list as NFTs in F1 continue to fall

Scuderia Ferrari has removed Velas from its list of partners, spelling another negative development for cryptocurrency - which continues to lose its footing in F1. The Italian squad announced their partnership with Velas at the end of 2021, at a time when F1 teams seemed enthusiastic about reaching agreements with crypto companies…

a year ago · Sofía Ponzanelli

The MexicaNFTimes

Italian Parliament Approves 26% Crypto-Gains Tax in 2023 Budget

Crypto traders in Italy will be subject to a 26% capital-gains tax starting in 2023, according to a new budget that won parliamentary approval on Thursday. Italian Prime Minister Giorgia Meloni's 2023 expansionary budget – which was completed in a rush before the end of the year – features 21 billion euros ($22.3 billion) in tax breaks to assist business…

a year ago · Sofía Ponzanelli

The MexicaNFTimes

Tax-Loss Harvesting Platform Unsellable is Building ‘The World's Largest Collection of Worthless NFTs'

After the boom of 2021, the hype that fueled non-fungible token (NFT) trading has subsided. Cryptocurrency prices have plummeted from their former highs and mainstream interest in digital collectibles has waned, bringing down NFT prices. But the extended crypto winter has come with a potential silver lining – tax-loss harvesting, where NFT enthusiasts ca…

a year ago · Sofía Ponzanelli

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