π Deutsche Bank has applied for a crypto custody license, a clear indication that traditional financial institutions are recognizing the potential of digital assets.
π Industry titans like Fidelity, Citadel, and Charles Schwab are all set to launch their own crypto exchanges.
π This influx of established players into the market might just redefine the landscape of crypto trading!
5οΈβ£ Invesco, a massive $1.5 trillion asset manager, has reactivated its spot #Bitcoin ETF filing!
π This move solidifies the growing interest and confidence in Bitcoin as a legitimate investment vehicle!
6οΈβ£ WisdomTree, an $87 billion asset manager, has just filed for their own spot #Bitcoin ETF, signaling their belief in the long-term potential of this digital asset!
π The domino effect of institutional adoption is in full swing!
π Bitcoin dominance has hit a staggering two-year high, suggesting a massive influx of either fresh capital or a wave of altcoin-to-Bitcoin conversions.
π Are investors flocking to Bitcoin as their go-to #crypto safe haven? π
π The #Bitcoin rally shows no signs of slowing down, and with each passing milestone, the world of #crypto becomes more exciting and promising.
π Stay tuned for more thrilling updates!
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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.