Binance Proposes Tax Exemption for Crypto Market Makers
Binance has officially weighed in on Vietnam’s new tax plans. In a formal letter to the Ministry of Finance, the company has asked the government to think carefully about how it taxes a special group of high-volume traders called “market makers,” arguing that getting this right is essential to keeping the Vietnamese crypto market healthy and active for everyone.
The Crucial Role of Market Makers and Risks of a Transaction-Based Tax
Think of market makers as the corner store owners of the crypto world. They are always ready to both buy and sell a particular crypto asset, ensuring there’s always a fair price available. You can trade whenever you want without causing a huge price swing. In its proposal, Binance stressed that these…
