Dec 29: Asia's Crypto Reforms and Market Moves: Tax Cuts, Premiums, Busts, and ETFs
This week in Asian cryptocurrency markets reflects diverse reforms and dynamic activities. Japan's cabinet is considering a progressive step by proposing to scrap corporate tax on unrealized crypto gains, potentially boosting investment and innovation within the country's digital asset space. In South Korea, high Bitcoin premiums are indicative of strong retail investor activity, as analyzed by CryptoQuant, suggesting a growing and active crypto community. China remains vigilant against illegal financial activities, busting a $2.2 billion forex ring linked to crypto platforms, emphasizing the…
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