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Central Bank of Ecuador Might Regulate Cryptocurrencies This Year


The Central Bank of Ecuador is planning to issue cryptocurrency-specific regulation later this year. According to statements from Guillermo Avellan, the manager of the Central Bank of Ecuador, this will bring more clarity to the cryptocurrency scene in the country, and will contribute to preventing...

Indian Crypto Industry Seeks Tax Clarity in Union Budget 2022-23


An Indian industry association has written to the country’s finance minister seeking clarity on cryptocurrency taxation in Union Budget 2022-23. “The budget should ideally offer coherent rules on direct taxation and the GST Council should detail the applicability of taxation, else...

NFTs Still Face Legal Challenges, But More Clarity Expected Soon


Non-fungible tokens (NFTs) are currently facing some legal challenges, but more clarity on how the digital collectibles will be treated from a regulatory standpoint could be coming soon, panelists at a virtual seminar hosted by crypto tracking website CoinGecko agreed.... Read More: NFTs Still Face...

IMF Warns of Higher Inflation, But Central Banks Shouldn’t Tighten Yet


said today.  According to their new report, central banks around the world should “generally look through” the currently elevated inflation numbers, and not tighten monetary policy “until there is more clarity on the underlying price dynamics.”The recommendation from the organ

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