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Thai government removes VAT on cryptocurrency transactions

The Thai government has announced that it will remove the 7% value-added tax (VAT) on cryptocurrency transactions, according to BeInCrypto. The move recognizes digital assets as a new means of financing. The exemption will take effect on January 1, 2024, and will apply to cryptocurrency exchanges, brokers, and dealers supervised by the Securities and Exchange Commission of Thailand. Previously, in May 2022, Thailand announced that cryptocurrencies traded on regulated exchanges would be exempt from VAT until the end of 2023. At the time, the exemption was set to expire, but now it is indefinite.

ETH spot ETF hits $9.37 billion in trading volume on second day of trading, off to a strong start, but falls short of BTC

Ethereum spot ETFs have recorded $9.37 billion in trading volume on their second day of trading. Of these, Grayscale's ETHE topped the list with $4.86 billion, accounting for about 52% of the total volume. BlackRock's ETHA followed with $255 million and Fidelity's

blockchain crypto cryptocurrency Ethereum ETF launches favorable price Shelly Young (SpotedCrypto)

Ethereum ETF launches favorable price Shelly Young comments and Grayscale's Ethereum liquidity outflow

Hany Rashwan, CEO of crypto ETP issuer 21Shares, told Bloomberg that the launch of an Ethereum spot ETF has already been partially priced in. "Global macroeconomic and summer seasonal features have also impacted the price of ETH," he said. "While Bitcoin is a digital gold hedge, Ethereum

blockchain crypto cryptocurrency ethereum Spot ETF Debuts Successfully (Spoted Crypto)

ETH Spot ETF Debuts Successfully...Sustained Success Unclear

Bloomberg reported on April 24 that "Nine U.S. ETH spot ETFs surpassed $1 billion in trading volume on their first day of trading in what could be considered a blockbuster debut. However, it's unclear if the box office record can be sustained." "The rationale

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