Bitcoin Drops Below $31,000 while Binance Stops Offering Services in Belgium

Bitcoin has once again made headlines, retreating slightly after breaking above $31,000, marking the highest level in over a year. This surge is largely attributed to the news of BlackRock filing for a spot Bitcoin ETF and significant purchases by Bitcoin whales.

However, not all news in the crypto sphere is positive. Binance, a leading crypto exchange, has been ordered by Belgium’s top markets regulator to halt offering crypto services in the country. This comes amidst allegations by the SEC that Binance violated U.S Securities laws and an ongoing investigation by French authorities.

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Meanwhile, in Japan, a significant policy shift has occurred. The national tax agency has clarified that crypto issuers will not have to pay capital gains taxes on unrealized gains. This is a departure from an earlier requirement that subjected token issuers to a capital gains tax of around 35 percent on their own tokens and unrealized gains.

As we delve deeper into the future of Bitcoin, it’s important to consider the views of industry leaders. Alex Edelman, CEO of Bitcoin Rewards app Lolly, believes that Bitcoin can and should be used by anyone. He supports the creation of financial products around Bitcoin, stating that it is beneficial for its adoption. However, he also acknowledges that price action is a significant factor that attracts most people to Bitcoin.

As the cryptocurrency landscape continues to shift, it’s clear that the journey is far from over. With the potential for more institutional adoption on the horizon and the ever-present volatility of the market, the world of cryptocurrency remains a fascinating and unpredictable space.

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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of


Felix Küster
Felix Küster

Felix Kuester works as an analyst and content manager for Captainaltcoin and specializes in chart analysis and blockchain technology. He is also actively involved in the crypto community - both online as a central contact in the Facebook and Telegram channel of Captainaltcoin and offline as an interviewer he always maintains an ongoing interaction with startups, developers and visionaries. The physicist has couple of years of professional experience as project manager and technological consultant. Felix has for many years been enthusiastic not only about the technological dimension of crypto currencies, but also about the socio-economic vision behind them.

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