The dominos keep falling in the crypto crash of recent times as yet another crypto broker presses pause on all customer trading services. Voyager Digital has temporarily halted trading, deposits, withdrawals and loyalty rewards following its significant exposure to embattled hedge fund Three Arrows Capital.
Bitcoin has stabilised around US$19,000 this morning after trading steady over the weekend.
The crypto hype during the pandemic is seemingly fading as the number of active crypto users among Bank of America customers fell by more than 50% to less than half a million people over the last 6-months.
And India?s highly controversial new tax deducted at source crypto tax has been announced and will take effect over the next three months. This new law follows the introduction of India?s CBDT law of a flat 30% income tax on cryptocurrencies that came into effect on April 1.
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