Mon, January 20

28% GST Imposition for Crypto-Related Activities in India?

30% tax on revenue earned through the crypto market and 1% TDS on crypto transactions. A step forward to the legislation of crypto exchanges in the country. The GST Council has said have appointed a special legal committee to overtake the imposition of 28% tax for all crypto-related activities such

May 9, 2022 2 mins read

Amid Pending Clearance, Crypto Derivatives Service in Spain Stopped by Binance

As one of the most relentless crypto exchanges in getting regulatory clearance and operating licenses from authorities throughout the globe, Binance is a clear leader. However, the Spanish regulator, Comisión Nacional del Mercado de Valores (CNMV), has yet to approve the exchange’s crypto derivatives services in Spain; hence it has

May 8, 2022 2 mins read

Indian Finance Committee Reprimands Crypto Advocacy

The 30% Capital gains tax on crypto assets is effective in India from April 2022.  Total estimated realized crypto gains by India in 2021 was $1.85B. On Wednesday, prominent representatives of the crypto industry met the Indian Parliamentary Standing Committee on Finance (SCOF) in Bengaluru. No significant details of the

May 6, 2022 2 mins read

In-depth Review of Prominent Crypto Exchange: Koinbazar

Introduction Koinbazar is one of the Indian-based cryptocurrency exchanges. Since its inception in 2020, it has become one of the industry’s most renowned exchanges. Bitcoin and other cryptocurrencies can be purchased, sold, or traded on Koinbazar’s global cryptocurrency exchange platform, which is completely secure. Trading Fees  The exchange levies a

May 6, 2022 2 mins read

Coinbase To Acquire Turkish Crypto Exchange BTCTurk For Negotiated $3.2B

Coinbase has recently created a test version of its own NFT marketplace. The deal has been struck for $3.2 billion, down from the original $5 billion. The deal, which was previously valued at $5 billion, is anticipated to cement Coinbase’s dominance in Turkey. As of May, Coinbase, the second-largest cryptocurrency

April 23, 2022 1 min read

Binance.US Receives Money Transmitter Permit in Puerto Rico

The island has earned a reputation as a crypto center over the last few years. The firm gathered nearly $200 million from a diversified collection of investors. Binance.US, the world’s biggest cryptocurrency exchange, has secured a money transmitter license in Puerto Rico as it continues to grow worldwide and become

April 20, 2022 1 min read

Prominent Exchange KuCoin Launches $100M Creators Fund

On the Windvane platform, the fund will also allow 99 NFT inventors to participate. NFT projects with strong teams and cutting-edge technology will also benefit. To aid in developing new non-fungible token (NFT) projects, KuCoin announced on Tuesday the introduction of a $100 million Creators Fund. The fund complements the

April 19, 2022 2 mins read

Multiple Crypto Exchanges in India Freeze Rupee Deposits

Taxes on earnings from the transfer of virtual assets will be taxed from this month. At least four other cryptocurrency trading sites have prohibited rupee deposits. An underlying question between crypto exchanges and the National Payments Corporation of India, which handles the United Payments Interface (UPI), has led to a

April 17, 2022 1 min read

MoonPay Secures 16% of $87M Raised Investment From High Profile Celebrities

A portion of the funding was used to extend MoonPay’s NFT Checkout product offering. VCs invested a record $30 billion in cryptocurrency businesses last year. In a recently concluded investment round, MoonPay said today that it had received $87 million from 60 high-profile investors. Participation in the fundraising by well-known

April 13, 2022 1 min read
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