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50th GST Council Meet announces 28% GST on online gaming


The 50th meeting of the GST Council has made multiple significant revelations. The council has decided to levy 28% GST on multiple online gaming activities. This tax will apply at the full face value, covering activities such as Horse Racing and Casino gaming. The Ministry of Finance released...

NEAR Foundation onboards the Crypto Council for Innovation


The Crypto Council for Innovation has announced adding a new member to its list. That is the NEAR Foundation, and the goal is to strengthen the commitment to leveraging each other’s expertise to advocate the transformation that Web3 can bring. Additionally, the NEAR Foundation and CCI will...

European Banks to Disclose Exposure to Crypto Assets


Banks in the European Union will have to disclose their exposure to cryptocurrencies, EU institutions announced. The obligation will be introduced under a deal to implement globally agreed regulatory standards meant to improve the resilience of the financial institutions. Deal Reached to Finalize...

Central Banks Show ‘a Lot More Pessimism’ About US Dollar, Survey Shows


The latest gold reserves survey by the World Gold Council shows that central banks are less optimistic about the future role of the U.S. dollar while their confidence in gold has risen. “There was basically a lot more pessimism about the U.S. dollar and a lot more optimism for gold,”...

COFRA is now a part of the Hedera Governing Council


Hedera has announced that COFRA Holding is now officially a part of its ecosystem through the Governing Council. COFRA, through this partnership, aims to accelerate DLT adoption and further the mission of becoming a leader in sustainability. Hedera powers the next generation Web3 through...

EU Council Adopts New Rules for Europe’s Crypto Markets


The Council of the European Union has given its final approval to new regulations for crypto assets and markets in the EU. The decision completes a lengthy and complex legislative process for what’s considered to be the world’s first comprehensive legal framework for digital assets like bitcoin....

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