Market Cap at 2:24 (UTC) – $217,693,744,420 billion
Bitcoin dominance: 67.4 %
BTC $ 8,162.83 (+1.26%)
ETH $175.10 (+4.20%)
XRP $0.257316 (+7.89%)
Uzbekistan imposes 300% on crypto mining
According to the official announcement, the Government of Uzbekistan has taken a serious action on crypto mining. Per the announcement, the Uzbekistan’s government has decided to impose a 300% tax on crypto mining and it will be enforced soon.
Ukraine may legalizes cryptocurrency
Liga.net recently reported that the Government of Ukraine plans to legalize cryptocurrency soon. Minister of Digital Transformation, Mikhail Fedorov has said that the legalizing cryptocurrency is currently one of main goal of the ministry. Additionally, Mikhail believes that
crypto investors, traders will soon come out the grey zone and start paying taxes.
European Central Bank continuing to approach crypto
Recently, ESCB’s members have joined together to work on stablecoins led by ECB Executive Board Member, Benoît Cœuré. The ESCB’s members who are working on the stablecoin has found that stablecoins are crucially needed in cross-border payment and payment services accessibility. However, stablecoins also give rise to various issues such as monetary policy transmission, financial stability and public policy priorities. In 17-18 July, the members of G7 and Central Bank Governors had a discussion about stablecoin and agreed that regulatory, systematic concerns and policy considerations should be tackled before implementing any action.
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