May 10, 2021
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Bitcoin crackdown: UK to ‘fall in line’ with Biden and restrict crypto: ‘End up worthless’

express– Crypto markets plunged today after it was reported that the US President is planning to raise capital gains tax. Mr Biden is said to be considering nearly doubling tax to as high as 39.6 percent, from the current 20 percent. Cryptocurrency investors face higher taxes if Mr Biden presses ahead and the market responded respectfully – Bitcoin crashed 10 percent to $49,332 (£35,627), hitting the lowest level since early March.

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