Dec 29: Asia's Crypto Reforms and Market Moves: Tax Cuts, Premiums, Busts, and ETFs

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 government's ongoing efforts to regulate the financial landscape. Hong Kong is making strides in the institutional sector by releasing specific requirements for crypto ETFs, positioning itself as a forward-thinking financial hub.


In the broader context, India is intensifying its crypto crackdown by moving to block major exchanges like Binance and Kraken, reflecting a stringent regulatory approach. OKX is responding to global regulatory pressures by delisting privacy coins, highlighting the ongoing debate over privacy and compliance. Despite the challenges, Binance reports a 30% growth in users in 2023, showcasing resilience and continued trust from the global crypto community, even as it navigates through executive resignations and legal hurdles.

________


News Links 👇


https://www.coindesk.com/policy/2023/12/25/japans-cabinet-proposes-scrapping-corporate-tax-on-unrealized-crypto-gains/


https://cryptopotato.com/high-korean-bitcoin-premiums-signal-strong-retail-investor-activity-cryptoquant/


https://www.cryptotimes.io/china-busts-2-2b-forex-ring-linked-to-crypto-platforms/


https://blockworks.co/news/hong-kong-releases-crypto-etf-requirements


https://apps.sfc.hk/edistributionWeb/gateway/EN/circular/doc?refNo=23EC65


https://decrypt.co/62912/high-profile-bitcoin-etf-applications


https://decrypt.co/211114/india-block-binance-kraken-other-exchanges-crypto-crackdown


https://www.theblock.co/post/269613/okx-privacy-coins-delisting


https://unchainedcrypto.com/binance-reports-30-growth-in-users-in-2023-despite-resignation-guilty-plea-by-ceo/


——————————————————————


©Copyright 2023 Matthew Aaron Podcasts LLC

Hosted on Acast. See acast.com/privacy for more information.

Episoder(742)

March 23: Stablecoin Exploit Hits Hard, Tokenization in Focus

March 23: Stablecoin Exploit Hits Hard, Tokenization in Focus

Bitcoin rebounds above $70K after heavy liquidations and oil shock volatility, outperforming stocks amid Iran tensions. Major exploit crashes Resolv stablecoin by 70%+, while tokenization takes center...

23 Mar 8min

March 20: Bitcoin Steady Near $70K–$71K

March 20: Bitcoin Steady Near $70K–$71K

Bitcoin stabilizes near $70K–$71K with potential boosts from Iran sanctions relief talks, while institutional products advance (Fidelity custody for Morgan Stanley ETF, BlackRock's staked ETH hitting ...

20 Mar 6min

March 19: Bitcoin Slips Below $70K on Hawkish Fed, Oil Surge, and Risk-Off Sentiment

March 19: Bitcoin Slips Below $70K on Hawkish Fed, Oil Surge, and Risk-Off Sentiment

Bitcoin drops below $70K amid hawkish Fed signals, hotter inflation data, and oil-driven risk-off from geopolitical tensions, snapping ETF inflows and triggering liquidations. Regulatory wins include ...

19 Mar 5min

March 18: Bitcoin Dips to ~$71K on Inflation Data

March 18: Bitcoin Dips to ~$71K on Inflation Data

Bitcoin faces pullback to ~$71K from inflation surprises and geopolitics, but altcoins like ETH, XRP, and DOGE post solid rebounds amid ETF support and institutional optimism. SEC provides clarity on ...

18 Mar 4min

March 17: Bitcoin Pulls Back from $76K Highs Ahead of Fed Meeting

March 17: Bitcoin Pulls Back from $76K Highs Ahead of Fed Meeting

Bitcoin retreats from $76K highs but holds firm near $74K ahead of the Fed meeting, showing resilience amid geopolitical tensions, while altcoins like ETH and XRP gain on institutional momentum. Major...

17 Mar 8min

March 16: Craig Cobb: Bitcoin’s 10% Weekly Bounce

March 16: Craig Cobb: Bitcoin’s 10% Weekly Bounce

Craig Cobb says Bitcoin finally printed a strong weekly candle, closing up more than 10 percent after several weeks of weakness, but he cautions that one bullish week does not change the broader trend...

16 Mar 4min

March 14: Bitcoin Consolidates Around $71K Amid Geopolitical Volatility

March 14: Bitcoin Consolidates Around $71K Amid Geopolitical Volatility

Bitcoin steadies around $71K despite geopolitical jitters and macro uncertainty, bolstered by ETF inflows and stablecoin dominance (USDC nearing records). Institutional voices like Druckenmiller highl...

14 Mar 4min

March 13: Bitcoin Surges Above $73K

March 13: Bitcoin Surges Above $73K

Bitcoin rallies above $73K as geopolitical tensions ease and risk assets rebound, with altcoins like ETH, SOL, and DOGE posting stronger gains amid positive macro signals. Regulatory actions target pr...

13 Mar 7min

Populært innen Business og økonomi

stopp-verden
dine-penger-pengeradet
lydartikler-fra-aftenposten
e24-podden
rss-penger-polser-og-politikk
rss-borsmorgen-okonominyhetene
pengepodden-2
pengesnakk
utbytte
rss-politisk-preik
finansredaksjonen
morgenkaffen-med-finansavisen
tid-er-penger-en-podcast-med-peter-warren
livet-pa-veien-med-jan-erik-larssen
stormkast-med-valebrokk-stordalen
rss-markedspuls-2
rss-pa-konto
rss-sunn-okonomi
lederpodden
rss-investering-gjort-enkelt