Bitcoin Price Prediction as BTC Stabilizes at $16,500 – Time to Buy?
Bitcoin price prediction for December 17 is likely to reverse as BTC stabilizes above the $16,500 support zone. Major cryptocurrencies were trading in the negative early during the Asian session, with the global crypto market worth falling 6.11% to $797.45 billion on the previous day.
Over the last 24 hours, the overall crypto market volume has increased by 38.50% to $47.36 billion. DeFi's total volume is currently $2.67 billion, accounting for 5.63% of the overall crypto market 24-hour volume.
The overall volume of all stablecoins is now $43.54 billion, accounting for 91.92% of the total 24-hour volume of the crypto market.
Regardless of whether or not they generated a profit in 2018, Japanese crypto companies must pay a flat corporate tax rate of 30% on their assets. Some local crypto enterprises apparently decided to relocate their operations as a result of the increasingly onerous tax rules over the previous few years.
The LDP has made correcting this situation a top priority because of the damage it has done to the country's economic progress. The Japanese Liberal Democratic Party (LDP) works with the United States on defense and international policy and prioritizes administrative reform.
In various contexts across the country, the term "administrative reform" might mean different things. Such ideas include implementing reforms like taxation to withstand the test of time and economic stress.
The Japanese governing party (LDP) tax committee met on December 15 to discuss ways to speed up economic growth. Agenda items included a discussion of potential tax code changes.
At the same time, they passed a proposal that had been introduced back in August. The plan aims to eliminate paper gains taxes on token issuance or custody
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