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Indonesian Government Sets Crypto Tax at 0.1% to Be Levied Starting in May
4.4.2022
The Indonesian government has decided to tax capital gains income from crypto investments at 0.1% starting in May. In addition, value-added tax (VAT) of the same rate will be levied on crypto purchases. Indonesia to Start Taxing Crypto Income at 0.1% The Indonesian Directorate General of Taxes,...
India’s Crypto Trading Volume Plummets as New Tax Rules Enter Into Force
2.4.2022
Crypto trading volumes in India have plummeted following the new tax law entering into force. The new rules impose a 30% flat tax on crypto income and do not allow losses to be offset against gains. New Crypto Tax Rules in Effect The new crypto tax rules entered into force on April 1 after...
Billionaire Mike Novogratz Says ‘People Have Realized Crypto Is Really Popular’ — Expects Softer Stance From Lawmakers
31.3.2022
Billionaire Mike Novogratz says he is much more optimistic about the crypto market now than he was a month ago. He explained that bond sell-offs and increased crypto adoption have boosted the prices of cryptocurrencies, particularly bitcoin. “I think you are going to see the Democrats taking...
Indian Parliament Member Asks Government to Tax Crypto Income More Than 30%
29.3.2022
An Indian parliament member has urged the government to increase the tax on crypto income from the current proposed rate of 30%, stressing that crypto trading is similar to gambling. He has also requested that the goods and services tax (GST) be imposed on the total transaction value of crypto....
Indian Government Reveals How It Plans to Tax Cryptocurrency Transactions
22.3.2022
India’s ministry of finance has clarified in parliament how the government plans to tax cryptocurrency transactions. A proposed new section to the Income Tax Act states that gains from crypto transactions will be taxed at 30% while losses cannot be deducted. Indian Government Reveals...
Amid the Hottest US Inflation in 40 Years, Biden Administration Blames Rising Prices on Shipping Industry
21.3.2022
During the last few months, inflation has risen significantly in the United States as it has climbed at its fastest pace since 1982. Data shows younger families with children have been struggling to make ends meet, while reports further indicate retirees and older folks with fixed incomes...
Chinese Authorities Arrest Alleged Masterminds Behind an Online Virtual Currency Pyramid Scheme
16.3.2022
Authorities in China recently announced the arrest of ten suspects they say are behind an online pyramid platform that is thought to have stolen millions of dollars from unsuspecting users. The suspects are accused of using the promise of high returns and a regular income to lure more victims....
BetFury Casino: Get Passive Income by Staking BFG Tokens
16.3.2022
BetFury is a top cryptocurrency casino that has gained tremendous popularity and a solid reputation in the crypto gambling sphere. Currently, it consists of an entire ecosystem with its utility token, BFG, that gives vast opportunities to users and helps them passively earn through BFG farming...
India Targets 700 Crypto Investors for Non-Payment of Taxes: Report
16.3.2022
India’s income tax department has reportedly identified about 700 cryptocurrency investors who have failed to pay taxes on high-value crypto transactions. “We have a long list of people who were transacting in crypto assets but were not paying tax,” said an official with...
Crypto4Winners Looks to Offer a Unique Trading Platform With a Wide Range of Useful Features
12.3.2022
PRESS RELEASE. Crypto4Winners (C4W) strives to actively manage customers’ BTC, ETH, and USDT to offer them a source of consistent passive income by increasing the number of their respective crypto assets. To that end, C4W has several pools such as BTC Pool, ETH Pool, and Global Crypto Pool....
eToro Q4 Trading Income Rose Amid Crypto Activity Rebound
7.3.2022
The crypto trading platform said it is continuing to work hard on the SPAC merger that would see the company go public by June 30
Income generation on DeFi, explained
7.3.2022
DeFi enables users to earn passive income without undergoing complex measures
Play-to-Earn Game WonderHero Grants Players an Average Income of $1,215 USDT in the First Three Weeks
28.2.2022
WonderHero continues to achieve one milestone after the next. Global interest in the play-to-earn game rises strongly, but so do the player earnings, and both aspects are crucial to the long-term survival of this project. February 28th – Singapore – These are exciting times...
Can crypto be used to prove financial independence for travel visas?
21.2.2022
"There could be individual situations where a consulate might also accept other proof of assets, such as crypto-assets," said Laura Bernard of the European Commission
Hoo’s First Stage of Token-Repurchase Program Completed With Over 400,000 HOO Token Added to Its AMM Liquidity Pool
21.2.2022
PRESS RELEASE. On February 17th, 2022, Hoo announced the completion of the first-stage token-repurchase plan on HOO Token with a cumulative total of 423,982.18 HOO repurchased from the secondary market. From January 2022, Hoo had imposed the strategic plan on generating 30% of the income revenue...
Russia Adopts Law Allowing State to Seize Illegal Funds, Digital Assets From Officials
18.2.2022
The State Duma of Russia, the lower house of parliament, has passed a law permitting law enforcement authorities to seek confiscation of illegally obtained funds from government officials, including cryptocurrency. The state may attempt to seize the assets through court if they exceed...
Indian Parliament Member Clarifies Legal Status of Cryptocurrency
13.2.2022
Cryptocurrency is currently a gray area in India. It is neither legal nor illegal. A parliament member, India’s finance secretary, and the minister of finance have recently clarified the legal status of cryptocurrency in India. Legal Status of Crypto in India Following the finance...
India Won’t Legalize or Ban Crypto at This Stage, Finance Minister Confirms
11.2.2022
India’s finance minister has revealed the current status of crypto policy in India, including whether crypto will be legalized or banned in the country. The question surrounding the legitimacy of cryptocurrency was raised in parliament after the government announced that income from crypto...
Russian Government Eyes $13 Billion in Taxes From Crypto Economy
9.2.2022
Authorities in Moscow expect to collect more than $13 billion as tax payments from the Russian crypto market, according to a government document quoted by media. The estimate comes as Russian institutions are holding discussions on the future of cryptocurrencies in the country. One Trillion Rubles...
Jack Dorsey on UBI: Bitcoin encourages transparency, long-term thinking
5.2.2022
Dorsey's Start Small initiative has invested over $55 million across the United States and overseas to experiment on universal basic income