Multimillionaire David Rubenstein reveals his investment in crypto

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Carlyle’s millionaire co-founder David Rubenstein claims to have personally invested in bitcoin companies and does not foresee Congress over-regulating the industry. Rubenstein remarked on CNBC’s Squawk Box on Thursday that he remains hopeful about the future of businesses, even if the market, as younger generations work hard to develop and encourage new ideas.

In 2022, the cryptocurrency market began to decline as investors worried about the effects of the Fed’s aggressive monetary tightening policy. As a result, Bitcoin and other cryptocurrencies have fallen significantly from their all-time highs. The majority of digital assets are currently losing money due to continued market selling pressure.

The multi-billionaire investor said that in addition to being interested in tokens, he is also interested in companies that operate in the sector.

“Some of the blockchain-related investments and things associated with cryptocurrency are going to stay with us for a while,” Rubenstein concluded.

The co-founder of the $376 billion global investment firm AuM Carlyle Group praised Sam Bankman-Fried, the creator of FTX, for acting to promote the cryptocurrency industry and providing liquidity to investors. companies in difficulty.

Given existing concerns that regulators could impede innovation and restrict the market, Rubenstein also expects Congress to regulate the field fairly. This is happening as more countries around the world strive to foster an environment where cryptocurrencies can thrive.

Japan will revitalize the economy

Japan’s financial regulator has proposed easing corporate tax restrictions for crypto assets as well as lowering fees for individual equity investors in support of Prime Minister Fumio Kishida’s moves to revitalize the economy.

In its annual request for changes to tax laws, the regulator said companies should not be required to pay tax on paper income from cryptocurrencies they hold after issuing them. The request was made public on Wednesday. The Financial Services Agency also demanded the strengthening of a plan offering tax advantages to private investors.

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