Bitcoin Price Prediction: BTC Ends 2022 in the Red, but History Shows it Has Never Had 2 Consecutive Red Years in a Row
Bitcoin price prediction is neutral during the US session, but BTC has shown a slight bullish recovery, having bounced off above the $16,430 level. Yet, the narrow trading range of $16,400 to $16,750 is still intact.
Overseas investors who purchase bitcoin in the United Kingdom through local investment managers or brokers are no longer subject to capital gains tax as of this past Sunday. Prime Minister Rishi Sunak announced the tax exemption in December as part of his aim to establish the UK as a global hub for the bitcoin business.
Tax information for cryptocurrency sellers who live in the country is already available. In July, HM Revenue and Customs issued a consultation to hear from investors and professionals about taxing decentralized finance (DeFi).
The Financial Services and Markets Bill is presently being debated in parliament, and if passed, it will grant local financial regulators greater jurisdiction over cryptocurrencies. The UK Treasury intends to issue a consultation on how the cryptocurrency business should be regulated in the coming weeks.
Cash held by FTX clients in Japan throughout the bankruptcy process will be released to them soon. FTX Japan and FTX Liquid, both of which are owned by FTX, are working on a withdrawal system that should be ready by the middle of February.
On Thursday, FTX Japan and Liquid, two FTX-owned Japanese cryptocurrency exchanges, informed to their subscribers that withdrawals would be available by the middle of February. Both cryptocurrency markets made the following statements:
We're moving forward with system development so that customers of FTX Japan and Liquid Japan can withdraw their funds directly through the Liquid Japan website.
Customers of FTX Japan will need to
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