[Advocacy] The Kohler Report: Cryptocurrency investors cashing in big during the pandemic

Matt Simon hello at beta.easytaxer.com
Mon Jun 28 09:20:42 AEST 2021


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It is once-in-a-lifetime opportunity, and no one knows will something like this come around again in future‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌                                                            

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That has turned the boxes into big business. In December, mystery box maker Pop Mart, whose boxes contain cute, plastic figurines, raised $676 million in its initial public offering. That month, the state-run China Daily newspaper said the mystery box industry could be worth 30 billion yuan ($4.7 billion) by 2024, citing an industry report. But there's a darker side of the trend. While delivery of live animals by mail is illegal in China, it is poorly policed, according to state-run media. Some mystery box operators are exploiting that blind spot to offer surprise pets delivered to consumers' doors for as little as 32 yuan ($5). Animal rights groups say it is cruel to the animals, not all of whom survive the trip to their new owners.  I told the young man selling the animal blind boxes that he was making money at the cost of the lives of these animals," Love Home founder Chen Yunlian told state broadcaster CCTV.  CNN Business reached out to Love Home for this article, but Chen declined to be interviewed.

https://edition.cnn.com/2021/05/19/business/china-pet-mystery-box-intl-hnk-dst/index.html


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