The crypto market is still far from its golden age,says Michael Wu

The journey of the golden age of cryptocurrency had just begun when it seems that total cryptocurrency market capitalization exceeds $1 trillion. The year 2020, which signifies the pandemic is also a significant era for Cryptocurrency mining.

Michael Wu included that, with these significant changes in the industry. we need to work with different technology advancement and enhancement of education in this area. Therefore, the final destination of this golden age is far from the beginning. many entrepreneurs included that, users’ attitude towards cryptocurrency is changing all over the world due to soaring prices of Bitcoin and the infrastructure technology of crypto finances.

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The year 2020 marks a golden charm for this blooming market. The only part that is left behind is an educational insight into cryptocurrency. Participation in the field depends on the user’s education and how they understood this crypto industry.

In 2020, cryptocurrency crossed the threshold as a legitimate investment asset class and that results in building up momentum to adopt Bitcoins. People start using Bitcoins Which involved them in future investments ultimately. Taxation also plays an important role.

The main positive point is that taxing income from cryptocurrency is in line with the tax principle. Many countries start viewing a cryptocurrency income as a capital income due to the taxation properties. In view of taxes, they also change frequently as the values of cryptocurrency is changing rapidly. The legalization of cryptocurrency in different countries like the US and India increases explosive growth.

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Amber group is one of the world’s leading crypto finance service providers, is going to expand its services to provide greater accessibility to its users with crypto finance products. Amber app is launched in September 2020 gained thousands of users with millions of assets. Looking ahead to 2021, the Amber group wants to cover more regions with a different language and want to launch with different upgraded products.