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Crypto Daily Report – January 5

Jan 5, 2022
body div center ul, body div center li { font-size: 22px; margin-left: 10px !important; margin-right: 0 !important; Most Important Daily Data and News for Digital Assets Crypto Daily ReportThe Most Important Daily Data for Digital Assets Daily Updates from FSInsightJanuary 5, 2022The crypto market is trading 0.92% lower over the prior 24 hours with Ethereum down 1.23% and Bitcoin down 1.15%. The total crypto market cap currently stands at $2.2T. The best performing alt has been decentralized blockchain oracle token Chainlink ($LINK), having increased 11% in the past 24 hours.For better or for worse, it is undeniable, governments have become more active in regulating crypto. Over the past 24 hours, South Korea announced that it will begin taxing inherited and donated crypto in 2022. Estonia announced that it won't ban crypto but will propose legislation to regulate it. Additionally, Kosovo stated that it has banned crypto mining operations due to energy shortages.In April 2021, Turkey's Central Bank banned crypto for payments but crypto remains legal for citizens to hold. The Turkish Lira has depreciated nearly 45% (versus the US Dollar) in the last year as the Central Bank implemented several interest rate cuts to fight high inflation. Inflation in Turkey reached as high as 36%

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