Global Crypto Markets See Inflows Amidst Regulatory Milestones and Tax Reform Proposals
Global Crypto Markets See Inflows Amidst Regulatory Milestones and Tax Reform Proposals
The cryptocurrency market continued its positive trend, recording its sixth consecutive week of inflows, largely driven by U.S. products and Bitcoin ETFs, bolstered by optimism surrounding the Clarity Act. Concurrently, the regulatory landscape evolved with Crypto.com securing a significant license in the UAE to facilitate Dubai government crypto payment services. Meanwhile, Australia is reportedly planning changes to its capital gains tax structure that could impact crypto investors, indicating ongoing global scrutiny and adaptation to digital assets.
Crypto fund inflows hit a sixth straight positive week, led by U.S. products and bitcoin ETFs, amid Clarity Act optimism, per CoinShares.
Crypto.com's UAE entity became the first VASP to receive a UAE central bank SVF license tied to Dubai government crypto payment services.
The government plans to replace a 50% capital gains tax discount on assets held for more than one year, according to AFR.