All digital asset transactions would be subject to a 1% TDS. The Reserve Bank of India will introduce a digital rupee this year. Sources have long maintained that cryptocurrencies would be deemed digital assets, which Finance Minister, Nirmala Sitharaman, appeared to affirm today. Even though the government has not yet
The Infrastructure Bill was passed into law last November. The White House intends to seize control of U.S. government policy on crypto. As early as February 2022, the Biden administration will issue an executive order on cryptocurrency. According to several government agencies, there have been several discussions among top administration
Modi said it is impossible for just one government to make judgments. Indian PM spoke at Switzerland’s World Economic Forum Davos conference. Narendra Modi, Indian Prime Minister, urged global action on cryptocurrencies, drawing comparisons to inflation and climate change. The Indian Prime Minister spoke at the World Economic Forum Davos
Firms will be required to notify the CNMV watchdog at least ten days in advance. The laws also apply to crypto-asset service providers. Spain took steps on Monday to restrict the excessive promotion of crypto assets, notably by social media influencers, tasked the stock market supervisor with licensing mass campaigns
Arsenal was recently called out for this practice by the ASA. The government has been reluctant to do anything about cryptocurrency. Digital investment trends like cryptocurrency and non-fungible tokens (NFTs) might face a regulatory crackdown in 2022 after mounting concerns that they could harm vulnerable young people. Football teams, players,
Binance is the popular and a global cryptocurrency exchange with huge crypto users trading their assets. In today’s exchange market, Binance is one of the strongest competitors among all other crypto exchanges. Besides its popularity, the exchange is facing many challenges all around the world with strong regulations. As another
The Singapore jurisdiction strives to empower its business and economy through productive transformation. As the world is very eager to run into the digital world, the future is purely dependent on blockchain and scalable technologies. Thus, the BAS community is developing its network to be more effective to work in
South Korea is debating four crypto-related bills for cryptocurrency regulation. The regulators are into the research process of analyzing 578 cryptocurrencies in various methods, according to the Chairman. The Financial Services Commission (FSC), the country’s top financial regulator, is also planning to regulate the crypto industry. Chairman Eun Sung-soo stated
Binance announced its implementation of crypto intelligence firm CipherTrace’s “Traveler”, a system that will comply with the global “travel rule. CipherTrace, the leading cryptocurrency intelligence firm, connects virtual currencies and financial services, as well as fraud prevention, anti-money laundering, and financial crime prevention. According to a Thursday announcement, Traveler will
Denmark’s biggest bank, Dankse Bank just published their official position on cryptocurrencies. The bank advises its customers to be cautious while buying crypto. However, the bank does not advise its customers not to buy it. The bank has provided guidelines for its customers to be cautious while investing. However, did
