CedarFX – Trade with the First Eco-Conscious Broker

Cryptocurrency News

Building a Diverse Trading Portfolio   A look at the importance of risk mitigation through diversifying your portfolio.   When it comes to online trading, portfolio diversification is a powerful tool used by investors to mitigate risk. This strategy involves investors holding multiple assets across varying markets, industries and geographical jurisdictions in order to spread their exposure and decrease the risk of loss due to one industry collapsing.     The Benefits of a Diversified…

The Italian government will introduce a tax of 26% on profits from cryptocurrencies

Cryptocurrency News

The Italian government, as part of the national budget in 2023, plans to levy a 26% tax on capital gains from cryptocurrencies. The tax will apply if the profit exceeds €2,000 ($2,062). The tightening of tax policy in relation to crypto assets is due to the fact that local tax authorities consider digital assets to be foreign currencies. If adopted, these amendments would also include stamp duty on cryptocurrencies and disclosure obligations. Recently, Italian taxpayers…