Kryptoskatt 1 minutes reading from Bitcoin

Bitcoin News in Review: $745 Million, BTC Withdrawals, Argentina, and More

Merry Christmas, Crypto Twitter.πŸŽ„πŸŽ‰

Here's your weekly web3 wrap-up:

- Brazil legalizes crypto payments - 745 million BTC withdrawal - Buenos Aires to tax crypto mining

Keep reading for more. πŸ‘‡πŸ‘‡

1/ A bill to legalise and regulate BTC and other cryptos as a form of payment in Brazil has been signed by President Jair Bolsonaro.

2/ In the last 30 days, 44,444 Bitcoin

have been taken off exchanges amid frauds and the demise of major crypto enterprises.

This withdrawal of BTC amounts to 745 million!

3/ In 2023, Buenos Aires will start taxing Crypto mining.

A new amendment to the taxation system would make cryptocurrency mining taxable at 4% of the income derived from these businesses.

4/ Bankman-Fried's first appearance before a US judge was on Thursday, and he secured a bail deal.

He will undergo trial on criminal fraud charges & his bail is set at 250 million.

5/ Visa released a paper outlining how it's exploring ways to collaborate with Ethereum on auto payments.

According to it, Ethereum users can schedule auto-payments from self-custodial crypto wallets with Visa's assistance.

Which news will make the most impact on the Crypto space?

Drop your comments below.

This post is based on this twitter thread.


Please login to comment.