If passed, the new libertarian president's omnibus bill of reforms could help Argentina reverse decades of government failure.

According to the latest data compiled by Immunefi, cryptocurrency users lost a total of $1.8 billion in 2023 due to hacker attacks and scams.

A controversial draft law proposed by newly elected Argentine President Javier Milei allows for the declaration of domestic and foreign cryptocurrency holdings to win preferential tax rates for Argentineans and legalize the use of these assets in Argentina, regardless of their source or place of ownership. The asset regularization plan is part of a proposed wide-ranging economic and political reform. Milei praised Bitcoin during his campaign and was widely welcomed by the cryptocurrency market. Milei won the presidential election in November. However, his comprehensive bill faced strong opposition and controversy in the country shortly after its launch on Tuesday.

The Japanese cabinet has approved a proposal by the ruling Liberal Democratic party to end taxation on unrealized cryptocurrency gains. This move is expected to benefit the development of the country's Web3 industry. The proposal, which still needs to be debated in parliament, would end corporate taxation on the difference between the market and book values of crypto assets issued by other companies. The tax has been a hindrance to Web3 businesses in Japan, causing some to move overseas. The government sees the development of the industry as a key part of economic reform and has been considering submissions from industry associations.

On December 24th, the Japanese government approved the tax reform outline for the 2024 fiscal year at the cabinet meeting on the 22nd. The amendment includes the following changes: companies holding third-party issued cryptocurrency assets will not be subject to valuation-based taxes. Currently, Japanese companies' third-party issued cryptocurrency assets are recorded as profit and loss at the end of the fiscal year based on the difference between market value and book value. After the amendment, only profits from the sale of cryptocurrency will be taxed, which means the same tax system for individual investors will change. The bill will be submitted to the Diet in January next year and will require approval from both the House of Representatives and the House of Councillors.

lluvium, a blockchain game, has released its 2024 roadmap update, with the launch of the testnet being the top priority. The team is integrating blockchain technology, finalizing the IMX passport, and completing Fuel exchange.

Travis Kling, Chief Investment Officer of cryptocurrency investment company Ikigai Asset Management, posted on X platform that the company has sold its $65 million debt claim in the FTX bankruptcy case. He wrote: "We received a satisfactory price, and this price is much higher than our expectations six months ago." Ikigai has adjusted its business to avoid "getting into a situation similar to FTX" again.

On December 23, market data shows that DF rose to touch 0.062 US dollars and then fell back, now priced at 0.055 US dollars, with a 24-hour increase of 34%.

The Angolan National Assembly recently approved legislation aimed at addressing the environmental impact of cryptocurrency mining and maintaining the country's "monetary sovereignty." The purpose of this legislation is to prevent bad actors from using cryptocurrency for money laundering and to curb illegal activities. In addition, since crypto assets are not under the supervision of the National Bank of Angola, this law ensures that Angolan users have a legal recourse to seek redress in the event of disputes related to digital currencies.

Today's panic and greed index is 70 (yesterday was 74), and the level is still greedy. Note: The panic index threshold is 0-100, including indicators: volatility (25%) + market trading volume (25%) + social media popularity (15%) + market survey (15%) + proportion of Bitcoin in the entire market (10%) + Google hot word analysis (10%).