Last week, El Salvador marks three years of Bitcoin adoption, holding 5,867 BTC, despite volatility and criticism. Mastercard have launched a Euro Bitcoin debit card for direct spending, while Zurich Cantonal Bank now offers Bitcoin trading and custody services. U.S. spot Bitcoin ETFs faced a $288 million outflow, the largest since May, yet continue to attract significant interest. Venezuelan leader María Corina Machado highlighted Bitcoin’s crucial role in overcoming economic collapse and authoritarianism in Venezuela. Meanwhile, Japan's Financial Services Agency proposed tax reforms to classify Bitcoin similarly to traditional assets, potentially reducing tax burdens.
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Highlights of the Week- Issue #61
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Last week, El Salvador marks three years of Bitcoin adoption, holding 5,867 BTC, despite volatility and criticism. Mastercard have launched a Euro Bitcoin debit card for direct spending, while Zurich Cantonal Bank now offers Bitcoin trading and custody services. U.S. spot Bitcoin ETFs faced a $288 million outflow, the largest since May, yet continue to attract significant interest. Venezuelan leader María Corina Machado highlighted Bitcoin’s crucial role in overcoming economic collapse and authoritarianism in Venezuela. Meanwhile, Japan's Financial Services Agency proposed tax reforms to classify Bitcoin similarly to traditional assets, potentially reducing tax burdens.