Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Denmark
Denmark Joins in Crypto Regulation to Keep Tabs on the Currency
After discovering that about two-thirds of the local transactions in Denmark are crypto-related, the country is cracking down on crypto. Revamping the Old Law According to the Danish tax ministry, the country's present tax system, which is nearly a century old, isn't built to deal with the issues brought by crypto assets. It noted a greater danger of fraud as well as a high rate of filing errors. Denmark will first define the specific issues that cryptocurrencies represent to tax…
4 years ago