In the long run, the new rules may ‘lay the perfect foundation’ to improve risk management, says an ICBC expert.
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Bitcoin and Ethereum prices fell nearly 24% in India as investors sought to get ahead of a possible crypto prohibition.
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The impact was relatively short-lived, and many major tokens had already retraced most of their positions from Friday coming in Asia business hours.
South Korea reaches a tentative agreement to delay a pending tax on virtual assets. Crypto investors in next-door Japan already face taxation up to 55%.