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spot ETF had a total net inflow of $475 million on December 26, the first net inflow after net outflows in the past four days. Fidelity ETF FBTC had a net inflow of $254 million. https://sosovalue.com/assets/etf
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The U.S. Internal Revenue Service (IRS) has issued final regulations requiring decentralized finance (DeFi) brokers to report the gross proceeds from digital asset transactions and provide customers with Form 1099, collecting user transaction information such as names and addresses. The regulations apply to front-end service providers that interact directly with users, such as entities offering access portals to decentralized protocols, but exclude the protocols themselves. The rules place DeFi brokers under the same tax reporting obligations as traditional securities brokers and are set to take effect on January 1, 2027.
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Vijesti confirms that the Minister of Justice of Montenegro has signed a decision ordering the extradition of Do Kwon to the United States, refusing to extradite him to the Republic of Korea, where authorities believe Do Kwon lied to investors and is suspected of hiding his wealth.
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WuBlockchain's Top 10 News of 2024 Bitcoin Surpasses $100,000, Spot ETFs for Bitcoin and Ethereum Approved, Trump Wins Presidency and Strongly Advocates for Cryptocurrency, Fed Initiates Interest Rate Cuts in September, CZ and SBF Sentenced, VC Coins Cool Down While MEME Coins Surge and more
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The Kyrgyz government released the 2024 budget document, and the cryptocurrency mining tax contributed about $535,000 in taxes to the country's economy. The cryptocurrency mining tax rate in Kyrgyzstan is 10% of the electricity bill. https://minfin.kg/documents
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The National Bank of Cambodia (NBC) has for the first time allowed commercial banks and payment institutions to provide services involving Category 1 crypto assets, including secured or stablecoins, but unsecured cryptocurrencies such as Bitcoin remain prohibited.
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