Russian parliament has approved a draft law which would exempt issuers of cryptocurrencies from value-added tax, also known as VAT.
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| Bitcoin price has traded sideways over the last 24 hours, capturing just a narrow range as price continues to decide where it is headed next. |
| Top-20 altcoins have also mostly traded in small ranges, as Ethereum remains almost unchanged, BNB rises just 1% and Cardano sees a 2% fall. |
Top Stories for June 28, 2022 🔥 |
| Russian parliament has approved a draft law which would exempt issuers of cryptocurrencies from value-added tax, also known as VAT. |
| Reuters reports that the law would also establish a new tax rate on taxed incomes from cryptocurrencies, of 13% for local companies and 15% for foreign companies. The legislation must also be approved by the upper house and the president before becoming law. |
| The move represents a sharp turn from the Russian central bank's previous call for a blanket ban on cryptocurrency, however the country appears to have warmed up to the asset class following sanctions. |
| Retail trading app Robinhood has listed Chainlink (LINK) on its platform – its first cryptocurrency listing since April of this year. The LINK token price spiked in price by around 8%, however has since corrected to pre-announcement levels. |
| LINK is the native token of the Chainlink oracle network – a platform which functions as a portal that delivers off-chain information to blockchains in a reliable way. |
| Reports have also emerged that crypto exchange FTX is looking to acquire the Robinhood platform. |
| Tether CTO Paolo Ardoino has claimed that Tether (USDT) has become the focus of a coordinated attack by hedge funds, that are looking to short-sell the stablecoin. |
| Ardoino alleges that the funds have been creating billions of dollars worth of pressure to disrupt USDT liquidity and are spreading fear, uncertainty and doubt about the token. |
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