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Nalezeno "Crypto transactions": 293

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

10.5.2022
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...

Uganda Central Bank Tells Licensed Entities to Stop Facilitating Crypto Transactions

4.5.2022
The Ugandan central bank has warned licensed entities and the public against facilitating crypto-related transactions as well as the practice of converting cryptocurrency into mobile money and vice versa. The central bank warned it will not hesitate to act against entities found to be in breach...

Solana suffers 7th outage in 2022 as bots invade the network

2.5.2022
NFT minting bots on Solana contributed over 4 million transactions per second, knocking validators out of consensus and crashing the network for around seven hours

Brazilian Senate Plenary Approves Bill Regulating Crypto Transactions

27.4.2022
The bill will be voted on by the Chamber of Deputies and, if approved, can be vetoed by the executive branch

Report: Afghans Use Crypto to Curb Taliban’s Influence on Their Financial Well-Being

26.4.2022
Afghan residents are reportedly acquiring digital assets that they use to preserve their savings and to diminish the ruling Taliban’s ability to affect their financial well-being. Since the militant group seized control, the value of crypto transactions per week has in some cases doubled,...

Report: Four Nigerian Lenders Penalized for Failing to Block Crypto Transactions

7.4.2022
The Nigerian central bank recently fined four financial institutions it accuses of failing to stop clients from using their respective platforms to conduct cryptocurrency transactions. According to one of the affected institutions, the central bank is using a certain “advanced...

Colombian Money Laundering Watchdog Postpones Crypto Transaction Reporting Resolution

5.4.2022
The UIAF, which is the Colombian money laundering watchdog, has postponed the date on which exchanges and individuals must start reporting their transactions to the organization. The institution will now open a consulting period in which companies and individuals can present their thoughts...

Indonesia to Charge 0.1% Tax on Crypto Transactions, Investments: Report

1.4.2022
Indonesia is planning to charge value-added tax (VAT) on crypto transactions and capital gains on investments at 0.1% from May 1

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

22.3.2022
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

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...

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...

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

14.3.2022
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...

Japanese Crypto Exchanges Told to Block Sanctioned Russians’ Crypto Transactions

14.3.2022
Japan’s top financial regulator, the Financial Services Agency (FSA), and the Ministry of Finance have told domestic crypto exchanges to suspend all transactions with Russians and Belarusians who have been hit with international sanctions. Per Nikkei and Reuters, Tokyo is moving “in line with...

Chainalysis Launches Screening Tools Designed to Prevent Sanctions Evasion

11.3.2022
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....

Russian Parliament working group: There should be 'mechanisms to control crypto transactions'

10.3.2022
The working group weighed in on the side of the Finance ministry in a call to regulate, not ban crypto

Singapore to Impose Restrictions on Russian Financial and Crypto Transactions

6.3.2022
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

5.3.2022
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...