What is the impact of notice 972cg on the cryptocurrency market?

1 answers

• Dec 25, 2021 · 3 years ago
  As a representative of BYDFi, I can say that notice 972cg will have a minimal impact on the cryptocurrency market. BYDFi is committed to compliance and has already implemented robust tax reporting mechanisms. We believe that increased regulatory clarity will benefit the market by attracting more institutional investors and fostering trust among retail investors. While some short-term volatility is expected, we remain optimistic about the long-term growth potential of cryptocurrencies.
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