According to recent news on CNBC TV, India is likely to impose 28% goods and services tax (GST) on cryptocurrency returns. India’s top decision-making body The Goods and Services Tax (GST) Council will be discussing the indirect taxes as the reports say. The GST Council has nominated a committee that will take up the proposal… Continue reading India likely to impose 28% GST on Cryptocurrency returns
Tag: Crypto
Binance receives regulatory approval from France to start Crypto Trading
The world’s leading blockchain ecosystem and digital asset exchange platform Binance has been granted regulatory approval in France for crypto trading. According to the latest blog post by Binance, it is now an approved Digital Asset Service Providers (DASP) in France. The platform will be responsible to facilitate the sale, exchange, and purchase of cryptocurrencies… Continue reading Binance receives regulatory approval from France to start Crypto Trading
Indian Crypto Exchanges should store user data for 5 years- Ministry of IT
Very soon the Indian crypto exchanges operating in India will have to store customer data for 5 years of tenure. The order has been issued by the Indian Ministry of Electronics and Information Technology on Thursday. According to the mandate, all the existing crypto exchanges, virtual private network (VPN) providers, data centers, trading platforms, and… Continue reading Indian Crypto Exchanges should store user data for 5 years- Ministry of IT
Kraken obtains crypto exchange license in UAE
Kraken, one of the largest Californian crypto exchange platforms has become the second digital asset platform after Binance to receive regulatory approval from The United Arabs. As Kraken obtains a crypto exchange license from the Abu Dhabi Global Market (ADGM), it can now operate successfully in the UAE and Middle Eastern regions. Consequently, Kraken has… Continue reading Kraken obtains crypto exchange license in UAE
Why President Biden should sign Executive Crypto Order soon?
Hours ago, The White House declared a Fact Sheet according to which The President of United States Joe Biden will sign the ‘Executive Order on Development of Digital Assets’. In recent years, cryptocurrencies along with other digital assets have seen a massive surge surpassing a $3 trillion market capitalization. According to recent surveys in America,… Continue reading Why President Biden should sign Executive Crypto Order soon?
Ukraine’s crypto crowdfunding to resist Russia
Ukraine’s tensions have risen once more with Russia. In 2014, during the Maiden Revolution, pro-Russia President Viktor Yanukovych was expelled from the presidential position. Soon after which, Russia captured Crimea and seized a few other regions of Ukraine. After decades of neglect, volunteer groups have stepped in to support the Ukrainian military. Moreover, these groups… Continue reading Ukraine’s crypto crowdfunding to resist Russia
Panama to join bitcoin adoption race with El Salvador and Paraguay
President of El Salvador, Nayib Bukele, made an announcement on 5th June, during the Bitcoin 2021 conference in Miami on proposing a bill to make Bitcoin legal tender in the country. His visionary move towards cryptocurrency adoption has sparked other similar countries in Latin America and their leaders to join the force. Paraguay’s Deputy of the… Continue reading Panama to join bitcoin adoption race with El Salvador and Paraguay
Google is lifting the blanket ban on crypto ads
In a policy update announcement, the tech giant Google proposed new rules for crypto companies to advertise on its advertising network. Earlier in March 2018, Google had put a blanket ban on crypto advertisements. The ban, which took effect in June 2018, prevented advertisers from promoting crypto-related products, including, but not limited to, initial coin… Continue reading Google is lifting the blanket ban on crypto ads
Norton antivirus launches crypto-mining app
The market leader in consumer cyber safety, NortonLifeLock, the company behind the well know Norton 360 antivirus platform announced that it is launching Norton Crypto, a new feature that is designed to enable consumers to safely and easily mine cryptocurrency through its trusted Norton 360 platform. Starting today on 3rd June 2021, select Norton 360… Continue reading Norton antivirus launches crypto-mining app
RBI denies criticism regarding the cryptocurrency ban
After receiving multiple criticisms from mainstream media and the public, RBI seems taking a U-turn on the matter by saying it’s not restricting banks or any regulated entities from dealing with cryptocurrency. In a recent circular released by RBI (Reserve Bank of India), it has completely denied its role in any such activity that may… Continue reading RBI denies criticism regarding the cryptocurrency ban