The South Korean Democratic Party has called for the formation of a Bitcoin reserve in response to Trump's announcement of a US Bitcoin reserve. This move is part of a global crypto race, with nations racing to hoard Bitcoin, which could lead to a price rally. South Korea's quick response is surprising, given its slow adoption and regulation of cryptocurrencies in the past. The country's blockchain firm Crypton has suggested the development of a Won-pegged stablecoin and a model to link it with dollar stablecoins. Japan, on the other hand, has introduced an amendment bill that relaxes rules for crypto brokerages, allowing them to work as intermediaries without licenses. The bill also allows stablecoin issuers to use Japanese and US government bonds to back their coins. The tax on crypto may also be reduced from 55% to 20%. The global interest in Bitcoin is expected to benefit the underlying asset, with the support of governments being a significant price mover. BTC Bull Token is a meme coin that offers real Bitcoin every time it reaches a new milestone, providing an opportunity to ride Bitcoin's rallies without investing a hefty sum. The token's price is expected to rise alongside Bitcoin's, making it a potentially lucrative investment opportunity.
bsky.app
Crypto News on Bluesky @crypto.at.thenote.app
newsbtc.com
newsbtc.com
Create attached notes ...
