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21h35 ▪4min read ▪ byLuc Jose A. Getting informed▪TaxationSummarize this article with:

The Federal Reserve unanimously voted to raise its benchmark interest rate by 25 basis points, bringing the new target range to 3.75% to 4.00%.

Bitcoin came under fresh pressure after the U.S. Federal Reserve raised interest rates for the first time since July 2023.

The Federal Reserve raised rates by 25 basis points to 3.75%–4.00%, its first hike since July 2023.

Lee Hyoung-il, the nominee for deputy prime minister and finance minister, said publicly at his National Assembly confirmation hearing on the 15th that the government will begin taxing cryptocurrency in January. “The tax burden will be minimal for most investors,” he said. “Starting now will cause less of a shock than people expect.” In 2020,…