As per the release, digital property, together with cryptocurrencies, have seen explosive development in recent years, surpassing a $3 trillion market cap in November final year and up from $14 billion just 5 years prior. Surveys counsel that round 16% of adult Americans — roughly forty million people — have invested in, traded, or used cryptocurrencies. Over 100 nations are exploring or piloting central financial institution digital currencies , a digital form of a country’s sovereign currency, it added. Thailand, in an effort to boost the crypto economy, has relaxed tax rules for crypto trading until the end of 2023. Starting April 1, trades of digital assets on government-approved exchanges will be exempt from a 7% value-added-tax . Transfers involving Thailand's retail central bank digital forex may even be exempt from the VAT over the identical time interval. These Were The 5 Worst Performing Cryptos Over The Previous Week Amid The Bitcoin Bear Market President Joe Biden’
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