π¨π³ China's Secret Plan to PUMP #Crypto Market with Trillions of Dollars Revealed π₯
A thread π§΅
1οΈβ£ Rumors of a secret U.S. alliance to destroy #crypto have ignited a rollercoaster ride for #Bitcoin, Ethereum, #BNB, XRP, Cardano, Dogecoin, Tron, Polygon, and Solana.
2οΈβ£ According to former Forbes billionaire Chamath Palihapitiya, China is ready to "rip in trillions of dollars" through massive quantitative easing π€
π This could be a game-changer, as China's economic stimulus package aims to inflate everything, including the #crypto market!
3οΈβ£ China's state council just announced plans for an economic package to boost post-pandemic recovery and expand "effective demand."
π With China being a critical artery to the world economy, their money printer could set off an unstoppable rally!
4οΈβ£ But here's the twist:
π The U.S. Federal Reserve is signaling interest rate hikes and a $1.1 trillion shock, causing uncertainty.
π Will the clash of monetary policies lead to fireworks in the #crypto sphere?
5οΈβ£ Remember, #Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, Tron, Polygon, and Solana have already weathered storms and soared before πͺ
π Stay tuned for more updates on this explosive story π₯
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π¨ BREAKING: π―π΅ Japan SHOCKS the crypto world with a GAME-CHANGING move π³
π―π΅ Prime Minister Kishida's Bold Move: No More Tax on #Crypto π₯
A thread π§΅
1οΈβ£ Japanese Cabinet Proposal:
π The Japanese cabinet has approved a proposal to eliminate corporate tax on unrealized gains from #crypto.
π This move aims to boost the development of Japan's Web3 industry.
2οΈβ£ Tax Treatment Discrepancy:
π If the proposal becomes law, it will address the difference in tax treatment between third-party issued #crypto assets and those held by individuals.
π Currently, only individuals are not taxed on the mark-to-market values of their crypto assets.
π¨ Explosive News in South Korea's #Crypto Space π₯
π°π· Starting July 2024, investors depositing digital assets in exchanges will earn INTEREST π³
A thread π§΅
1οΈβ£ New Regulation Alert:
π South Korea's Financial Services Commission (FSC) has introduced a new regulation stating that by July 2024, users depositing digital assets on exchanges must receive interest on their deposits.
π This move is part of the ongoing effort to regulate and bring transparency to the #crypto space.
2οΈβ£ Interest for Digital Assets:
π The regulation aims to ensure that investors are eligible to earn interest on their digital asset deposits.
π This can incentivize users to engage in the #crypto market while aligning with broader financial practices where deposits often earn interest.
Brace yourselves for the SHOCKING measures just revealed by MAS π±
A thread π§΅
1οΈβ£ MAS Takes a Stand:
π The Monetary Authority of Singapore (MAS) is addressing the surge in speculative #crypto trading, driven partly by unverified success stories, celebrity endorsements, and the fear of missing out (FOMO).
2οΈβ£ Digital Payment Token (DPT) Regulations:
π In response to feedback, MAS has introduced measures for DPT service providers to deter retail clients from engaging in speculative #crypto investments.