);)
Hong Kong's regulatory authorities are considering tax exemptions for hedge funds, private equity funds, and family offices' Crypto investments in order to strengthen Hong Kong's position as a Crypto finance hub. According to the Financial Times, Hong Kong's financial authorities are currently in about 6 weeks of discussions on a plan to provide tax exemptions for high-net-worth investors with special investment forms, including private lending, overseas real estate, carbon credits, and Crypto investments.
2. Tim Draper: "Bitcoin will go to $3 million"
Legendary Silicon Valley investor Tim Draper has continued his praise of BTC. In an interview with Indian media Money Control on the 28th, Draper argued that BTC's price is still undervalued, even though it has recently approached $100,000. He pointed out the problems with fiat currencies around the world, including the US dollar, and explained that BTC will become the global reserve currency, reaching a price of $3 million per coin.
3. XT Exchange loses 1 million due to hacking... "No impact on investors"
Global Crypto exchange XT announced on the 28th that 1 million were lost due to a hack on the exchange's wallet. XT said through an official statement that they detected abnormal transfer activity from the exchange wallet and took action, and that there was no impact on users' funds. XT told concerned users that the exchange holds about 1.5 times the required reserves, and that it will introduce a Merkle tree asset proof system for exchange security in mid-December.
4. Canton of Bern, Switzerland, reviews Bitcoin mining using surplus energy
The Canton of Bern, Switzerland, approved a proposal on the 28th through a cantonal parliament vote to review BTC mining using the canton's surplus energy. The Bern cantonal parliament voted on the option for the canton to directly engage in BTC mining, in order to address excessive energy use, grid stabilization, and to secure the cantonal budget, and the proposal was approved by an overwhelming majority.
Reporter Kwon Seung-won ksw@blockstreet.co.kr
