Bitcoin Breaches $51,500 Stage, Drives Crypto Market Up 3%
As per the release, digital assets, together with cryptocurrencies, have seen explosive development lately, surpassing a $3 trillion market cap in November final year and up from $14 billion simply five years prior. Surveys recommend that around 16% of grownup Americans — roughly forty million folks — have invested in, traded, or used cryptocurrencies. Over a hundred international locations are exploring or piloting central financial institution digital currencies , a digital form of a country’s sovereign forex, it added. Thailand, in an effort to spice up the crypto economic system, has relaxed tax rules for crypto trading till the end of 2023. Starting April 1, trades of digital assets on government-approved exchanges might be exempt from a 7% value-added-tax . Transfers involving Thailand's retail central bank digital currency may even be exempt from the VAT over the same time period. Cryptocurrency The DODO project has existed for over two years now, with over $5 million in...