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30% crypto tax becomes law in India following Finance Bill approval
31.3.2022
India’s new crypto tax policy is based on its gambling and lottery ticket win tax rules, that is set to come into effect from April 1
Solidus AITECH Founder Paul Farhi Talks Artificial Intelligence and High-Performance Computing
30.3.2022
Using the world’s first AI utility token AITECH, Government Authorities, Megacorps, SMEs, and Professionals will be able to acquire AI services through Solidus’ Artificial Intelligence infrastructure. AITECH can be purchased, staked, or held as a long-term investment. Paul Farhi...
Russian Ministry of Energy Calls for Urgent Legalization of Crypto Mining
30.3.2022
The legal vacuum in the crypto mining sector must be filled “as soon as possible,” according to a statement by Russian Deputy Minister of Energy Evgeniy Grabchak. The government official also called for introducing regional quotas for crypto farms instead of regulating their business...
Central Bank of Sudan Warns of Risks Associated With Cryptocurrency
30.3.2022
The central bank in crisis-stricken Sudan has warned residents dealing with cryptocurrencies that they face numerous risks including loss of value. The warning comes as Sudan is grappling with an economic crisis that worsened after the civilian government was deposed by the military. Sudan’s...
Biden's Fed picks are likely headed to Senate vote after partisan delay
29.3.2022
"A small but loud minority have wrongly claimed that Lisa Cook doesn’t meet the standards for this position — standards that only seem to apply for certain nominees,” said Sherrod Brown
CTFC looks at expanded authority to regulate crypto, for less than a 10% budget increase
29.3.2022
The agency’s $365 million proposed FY2023 budget includes significant allocation for CPAs and whistleblowers
Indian state gov't uses Polygon to issue verifiable caste certificates
29.3.2022
In partnership with LegitDoc, the Maharashtra government is in the process of rolling out 65,000 caste certificates to aid the process of delivering governmental schemes and benefits
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 11 Crypto Exchanges Investigated for Tax Evasion, $13 Million Recovered
29.3.2022
The Indian government has revealed that 11 cryptocurrency exchanges have been under investigation by the country’s tax authority. About 95.86 crore rupees ($12.6 million) have been recovered from them. 11 Crypto Exchanges Investigated for Tax Evasion The Indian government answered some...
Vietnamese Government and Central Bank Developing Legal Framework for Crypto
29.3.2022
Vietnam is creating a legal framework for cryptocurrency. The country’s deputy prime minister has instructed the Ministries of Finance, Justice, and Information & Communications to work with the central bank, the State Bank of Vietnam, on the framework. Vietnam Creating Legal Framework...
Law Decoded: Crypto taxes and taxes on crypto, March 21–28.
29.3.2022
Some jurisdictions are introducing digital assets as tax payment options while others levy hefty taxes on crypto gains
An In-Depth Look at Satoshi Island — A Crypto-Centric Residential Community in Vanuatu Where Land Titles Are NFTs
28.3.2022
According to reports, there’s a 32 million square-foot island located in Vanuatu that’s in the midst of being constructed into a crypto-centric residential community by the island’s owners: Satoshi Island Holdings Limited. So far, more than 50,000 individuals have applied...
Russian government official calls to legalize mining ‘as soon as possible’
28.3.2022
The quotas and allocations of mining operators should be set by the regional authorities, not federal, the deputy minister says
Parliament Member Says 1% TDS Will Kill Crypto Asset Class in India, Urges Government to Reconsider
28.3.2022
An Indian parliament member has warned that imposing a 1% tax deducted at source (TDS) on every crypto transaction will kill the nascent asset class. This tax provision is contained in Finance Bill 2022 which Lok Sabha, the lower house of India’s parliament, has passed. However...
Is Austin the next US crypto hub? Officials approve blockchain resolutions
27.3.2022
The City of Austin gears up to become America’s next crypto hot spot by passing two resolutions focused on cryptocurrency and blockchain innovation
Ukraine’s Government Launches ‘Museum of War’ NFT Collection
26.3.2022
The Ukrainian government has launched a “Museum of War” non-fungible token (NFT) collection. All sale proceeds will go directly to the official crypto wallets of the Ministry of Digital Transformation of Ukraine to support the army and civilians, according to the museum website set...
Malaysia Will Not Adopt Bitcoin as Legal Tender, Government Says
26.3.2022
Malaysia’s deputy finance minister has clarified that the government will not adopt cryptocurrency as legal tender. “Cryptocurrencies like bitcoin are not suitable for use as a payment instrument due to various limitations,” he said. Bitcoin Will Not Be Legal Tender...
Ukraine launches NFT museum 'to keep the memory of war'
25.3.2022
"While Russia uses tanks to destroy Ukraine, we rely on revolutionary blockchain tech," said the country's minister of digital transformation Mykhailo Fedorov
Crypto tax policy framework passes India's parliament despite pushback from lawmakers
25.3.2022
Under the framework, those conducting crypto transactions will be subject to a 30% tax starting on April 1, while the 1% TDS requirement will take effect on July 1
Bitcoin, Ethereum Technical Analysis: BTC Surges to $45,000, as Russia Considers Accepting the Crypto for Oil & Gas
25.3.2022
Bitcoin moved past its $45,000 price ceiling, after it was reported that the Russian government was considering accepting it as payment for energies. The news sent BTC to a 24-day high, whilst ETH also climbed to a five-week peak. Bitcoin BTC was trading almost 5% higher on Friday, as markets...