2025-06-16 Market Watch: Crypto: Vietnam legalizes, Brazil taxes, Saylor buys!

Here is what happened yesterday in the crypto market:

Vietnam Legalizes Crypto Under New Digital Technology Law

Vietnam has legalized cryptocurrencies under its new Law on Digital Technology Industry, set to take effect on January 1, 2026, bringing digital assets under regulatory oversight. This move signals a significant step towards recognizing and regulating the crypto space within the country.
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Brazil Ends Crypto Tax Exemption, Imposes 17.5% Flat Rate on Gains

Brazil has removed the tax exemption for minor crypto profits and is now imposing a flat 17.5% tax rate on all capital gains from digital assets, per Provisional Measure 1303. This change impacts crypto investors in Brazil, who will now be subject to taxes on their gains.
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Saylor Signals Impending Bitcoin Purchase Amid Middle East Tensions

MicroStrategy co-founder Michael Saylor indicated an upcoming Bitcoin purchase by the company. This comes despite ongoing geopolitical tensions, suggesting a continued bullish stance on Bitcoin as a strategic asset.
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Circle CEO Predicts Stablecoins “iPhone Moment”

Circle CEO Jeremy Allaire suggests that stablecoins are nearing a breakthrough moment akin to the impact of Apple’s iPhone. He believes that stablecoins are on the cusp of attracting developers and users at a similar scale, indicating significant growth potential.
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