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$BAKE is been sell-off from the strong resistance area of $0.185 - $0.188 and approaching towards the Major Support Zone of $0.156 - $0.159. On H4 TF price looks strongly bearish and might not gonna have the retracement, so better wait for the price to reach the major support
#bake #BTC #safu #etf #ETH
#bake #BTC #safu #etf #ETH
Information reaching us:Broken Promises? Argentine President Backtracks on Crypto Tax Breaks Javier Milei's pro-crypto stance during his campaign and early presidency led many to believe he would champion crypto-friendly policies, so this news comes as a surprise. Here's a breakdown of the situation:
Background:
In December 2023, Milei introduced an omnibus bill outlining various economic and political reforms, including a section proposing incentives for declaring domestic and foreign crypto holdings.
This proposal included a favorable tax rate and legal recognition for declared crypto assets, regardless of their origin or location.
The news was welcomed by the crypto community, seeing it as a step towards wider adoption and legitimacy in Argentina.
Recent development:
The Argentine government has decided to remove the tax benefits for crypto from the omnibus bill.
The reasons behind this decision are not yet fully clear, but potential factors could include:
Balancing fiscal needs with promoting innovation
Addressing concerns about potential money laundering or tax evasion related to crypto
Facing opposition from certain political or economic groups
Possible implications:
This move could dampen the enthusiasm for crypto in Argentina, potentially discouraging investment and adoption.
It might also raise concerns about the government's commitment to its pro-market and pro-individual liberty principles.
However, it's important to wait for further details and official statements from the government before drawing definitive conclusions.
It's worth noting that Milei remains a vocal proponent of individual liberty and free markets, so it's possible that he might find other ways to support the crypto industry in Argentina. His future actions and the final version of the omnibus bill will be crucial in understanding the government's stance on crypto.
I'll keep an eye out for any updates on this situation and share them with you.
Follow to stay UP to date on crypto news and trends
#Write2Earn #BTC #bnb #Sol #bake
Background:
In December 2023, Milei introduced an omnibus bill outlining various economic and political reforms, including a section proposing incentives for declaring domestic and foreign crypto holdings.
This proposal included a favorable tax rate and legal recognition for declared crypto assets, regardless of their origin or location.
The news was welcomed by the crypto community, seeing it as a step towards wider adoption and legitimacy in Argentina.
Recent development:
The Argentine government has decided to remove the tax benefits for crypto from the omnibus bill.
The reasons behind this decision are not yet fully clear, but potential factors could include:
Balancing fiscal needs with promoting innovation
Addressing concerns about potential money laundering or tax evasion related to crypto
Facing opposition from certain political or economic groups
Possible implications:
This move could dampen the enthusiasm for crypto in Argentina, potentially discouraging investment and adoption.
It might also raise concerns about the government's commitment to its pro-market and pro-individual liberty principles.
However, it's important to wait for further details and official statements from the government before drawing definitive conclusions.
It's worth noting that Milei remains a vocal proponent of individual liberty and free markets, so it's possible that he might find other ways to support the crypto industry in Argentina. His future actions and the final version of the omnibus bill will be crucial in understanding the government's stance on crypto.
I'll keep an eye out for any updates on this situation and share them with you.
Follow to stay UP to date on crypto news and trends
#Write2Earn #BTC #bnb #Sol #bake
# #Write2Earn #bake after the last dumb bake seems to be recovering from the dip and it's bullish...
soon it's gonna reach 1$BAKE i think
soon it's gonna reach 1$BAKE i think