Cryptocurrency is a digital currency. Many countries and banks now consider it an asset or VDA "Virtual Digital Asset".
Here are the 5 latest developments:
1. Hong Kong's ZA Bank gets approval to offer virtual asset trading. Now customers of ZA Bank will be able to trade cryptocurrencies.
2. Japan is set to begin a review of its cryptocurrency rules. There is a high possibility of lower taxes on digital assets and potentially making the way for domestic funds to invest in crypto.
3. China's former finance minister, Zhu Guangyao, says #crypto is a crucial part of the digital economy. He urges Beijing to focus more on the crypto markets and their role in the future.
4. Bitcoin balance on exchanges hits a 5-year low. Investors are transferring their Bitcoin from exchanges and HOLDLING it in their Cold Wallets.
5. $BTC Bitcoin and $ETH Ethereum ETFs hit multi week highs. $1.11B inflows for #Bitcoin ETFs and $84.6M for #Ethereum ETFs, biggest in weeks.
#web3 #VDA #investing