Frautina Brossman

🔥 Gmmmmm guys! TAX 0.1% has arrived—everything in Vietnam changes completely for us from here. Let me quickly explain TAX 0.1% so everyone can visualize it. It’s divided into 2 parts

1. No officially operating exchange yet:

• Taxes will still be calculated as usual
• Tax scope: All transactions (Spot, Futures, Alpha, Convert, P2P...)
• After a certain period, you’ll have to declare your taxes yourself. You can declare online: “I transferred at what date/time, and how much.” Then the tax authority will calculate and notify the tax you need to pay

2. When a licensed exchange is available

• For every trade (open/close, P2P...), the exchange will automatically collect the tax and submit it on your behalf
• In August, 3–4 official exchanges will be licensed and start operating
• 99.99% there will be no Futures

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It seems that yesterday’s price drop of $BTC or the USDT price on P2P is partly because Vietnamese users sold off quite a lot to avoid tax today. So everyone’s plan still stays the same:

• With $ETH or Bitcoin (generally any topcoin): we’ll hold long, earn more, and go big instead of constantly opening/closing like before
• Make more by targeting shakeout trades, Funding trades (small VOL type) for scalping

• Remember: ETH’s current Long area is still quite good—remember to go Long and take it long for real (60–100 points)

• BTC is expected that today, by Vietnam time, will start to see a rebound—first target is the 60K mark

• $SOL is doing quite well because it feels like the memecoin season is getting close. You can also Long SOL or altcoins right here