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Nalezeno "Crypto Transactions": 293

India Considers Imposing 28% GST on All Crypto Transactions: Report


The Indian government is reportedly considering imposing a 28% goods and services tax (GST) on all crypto transactions. “Currently tax is levied only on the part of the services provided by crypto exchanges. Subjecting the whole transaction to tax at a higher slab of 28% could give...

Report: Number of African Cryptocurrency Users up by Nearly 2,500%


The number of cryptocurrency users in Africa grew by almost 2,500% between January 2021 and January 2022, while the average number of monthly transactions went up by 1,400%, a new report by Kucoin has said. Widespread Adoption of Cryptocurrencies According to a new report by crypto exchange Kucoin...

Indian Government Reveals How It Plans to Tax Cryptocurrency Transactions


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...

India Targets 700 Crypto Investors for Non-Payment of Taxes: Report


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...

Russia’s Crypto Transactions Plummet to 50% Amidst an Expected Rise


Cryptocurrencies have become a hot topic in the ongoing political conflict between Ukraine and Russia. While Ukraine is receiving crypto donations from all over the world, many believe Russia will join this trend. This claim is supported by the fact that economic restraints have been put on Russia...

Chainalysis Launches Screening Tools Designed to Prevent Sanctions Evasion


Blockchain forensics company Chainalysis is launching two tools that will allow crypto companies to deny sanctioned persons and entities access to their platforms. The move comes amid concerns that Russia may use cryptocurrencies to evade sanctions imposed due to its invasion of Ukraine....

Singapore to Impose Restrictions on Russian Financial and Crypto Transactions


In a rare move, Singapore is going to introduce restrictions on certain Russian financial transactions and crypto operations aimed at evading sanctions. The decision comes amid officially expressed concerns that Moscow’s invasion of Ukraine is a threat to the security of small states around...

Russia Proceeds With Efforts to Legalize Crypto Amid Sanctions Over Ukraine


Authorities in Russia are continuing their work to establish a comprehensive legal framework for crypto transactions. The efforts, which started before the military invasion of Ukraine, go on amid warnings that Moscow may use cryptocurrencies to evade expanding financial sanctions. Expert Council...

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