💻News:
The cryptocurrency taxation law has been delayed again.
It will be implemented starting in the year 2026.💥
Calm returns to crypto investors, as it has been announced that the taxation law will come into effect only in the year 2026. The IRS confirmed that the implementation of the law will apply from January 1st of that year.🥳
Thus, brokers and platforms will have more time to catch up with the required regulations.💻💻
After the announcement, the market's reaction has been very favorable, where we saw $BTC BTC grow by 3.5% and utility coins like $XRP XRP skyrocketing an incredible 14% and $XLM +25% compared to the last day of 2024 (at the time of writing this article).🚀🚀🚀
The global cryptocurrency market has recovered more than 4% following the announcement. According to CoinMarketcap, the market capitalization is $3.41 trillion, with Bitcoin leading, dominating with an impressive 56.16%.💥💥💥💥💥
In this context, we can only celebrate the start of the year we are having in the crypto market, which makes us think that 2025 will be a key year for the future of all digital assets…🎉✨
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