Thailand’s authorities have officially introduced an exemption from the value-added tax (VAT), for cryptocurrency transfers through government-approved exchanges. The Bank of Thailand will issue digital currency.
In the past few years, cryptocurrencies were integrated into traditional financial tools such as automated teller machines (ATMs), loadable credit cards, point of sale devices and direct payments for all types of goods and services. Fidelity, a financial giant, has also added digital assets to its retirement account offerings. Recent developments have made it possible to use cryptocurrencies as collateral for a home loan or a down payment for a mortgage.
The European Central Bank (ECB), in a new survey, found that one in ten households in six countries of the eurozone has acquired cryptocurrencies. The poll shows that while the wealthiest are more likely to have crypto assets, those with lower incomes are just as likely.
After analyzing the market cap of the top 30 crypto assets, the list was compiled after examining the drawdowns from record highs.
Common investors include Spark Capital, Jump, and BitDAO.
Crypto Valley Venture Capital announced the launch a fund to support African blockchain startups in its early stages. The venture capital firm already invested in 12 startups with applications that go beyond crypto.
Francois Villeroy De Galhau, Governor of Bank of France, stated that the world could see a strong central banking digital currency in the next three-years.
ADDX, a Singapore-based trading platform that trades digital securities, has announced a pre-Series A funding round of $58 million this morning.
A new platform for reporting crypto scams has been launched by several crypto companies, including Circle and Binance. This tool allows anyone involved in crypto to report scams, hacks, or any other fraudulent activity that they see.
The musician spoke at VeeCon about how blockchain technology could change the world.
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