This Week in Crypto: (Yellen Applauds White House’s ‘Historic’ Crypto Executive Order, Thailand Reportedly Exempts 7% Crypto Tax, The Philippines to Launch Pilot CBDC)
A Biden administration cryptocurrency executive order strikes the right balance between encouraging responsible innovation and addressing potential risks. Thailand's revised tax policy exempts crypto traders from the mandatory 7% VAT on authorized exchanges. SP Governor Benjamin Diokno of the Philippines says that the goal of the project is to enhance “payment system’s safety, resiliency, and efficiency.”