Regulation
Investors queasy as prospect of India crypto ban returns
Top blockchain and crypto news: Are India’s CBDC plans crowding out crypto? Jack Dorsey goes full Bitcoin bro. China’s digital yuan hopes claim another victim.
Forkast.News
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Regulation
Archived coverage · Forkast crypto archive
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Regulation
S. Korean, S. African banks team up for stablecoin-based remittances
South Korean heavyweight lender Shinhan Bank has completed a proof-of-concept rollout of a stablecoin project for international remittances in partnership with South Africa’s Standard Bank, using Hedera Hashgraph. Fast facts The project’s aim is to test the issuance and distribution of stablecoins for international remittances, which often frustrate senders and receivers due to their high […]
Danny Park
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Regulation
Huobi Group poised to establish regional hub in Singapore
Huobi Group, which operates Chinese cryptocurrency exchange Huobi Global, has decided to set up a regional hub in Singapore, a representative of company has told Forkast.News. Fast facts In November, Huobi Global pledged to stop offering services to Singapore-based users from March 31, 2022, to comply with local laws, according to a company statement. Huobi […]
Timmy Shen
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Regulation
Is an IPO in the cards for India’s first crypto unicorn CoinDCX?
Is CoinDCX — India’s first crypto company to achieve unicorn status, or US$1 billion in valuation — going public? CoinDCX co-founder Neeraj Khandelwal set off a frenzy of excitement when he told Bloomberg in a recent interview that CoinDCX may pursue an initial public offering as soon as legislation permits. But a CoinDCX spokesperson told […]
Monika Ghosh
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Regulation
Crypto tax delay is a chance for South Korea to fix loopholes, experts say
Now that South Korea's crypto tax is delayed a year, what will the final form look like? Should crypto gains be taxed like stock profits — or winning the lottery?
Danny Park
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Regulation
Nigeria charges ahead with CBDC deployment with 600K app downloads
In Nigeria, the eNaira — the country’s newly launched central bank digital currency (CBDC) — has already seen nearly 600,000 downloads, according to local media Nairametrics citing the Central Bank of Nigeria (CBN). Fast facts The local media reported Saturday that the CBN governor has revealed the country’s total digital transactions rose by more than […]
Timmy Shen
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Regulation
China’s new mobile payment rules could pave the way for e-CNY, experts say
In the long run, the new rules may ‘lay the perfect foundation’ to improve risk management, says an ICBC expert.
Timmy Shen
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Regulation
South Korea’s 20% tax on virtual asset gains is postponed
A new amendment to South Korea’s income tax law, which includes delaying the taxation on crypto gains by one year, was agreed upon by South Korean political parties at the National Assembly today. Fast facts The ruling Democratic Party and the opposing conservative People Power Party officially made a resolution at the National Assembly Strategy […]
Danny Park
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Regulation
Coinstore defies regulatory tension to enter India
Singapore-based crypto exchange Coinstore has entered the Indian market despite the regulatory wrangle that points toward an impending ban on all private cryptocurrencies, the company announced today. Fast facts Coinstore has launched its website and mobile application for Indian users and plans to set up offices in Bangalore, Delhi, and Mumbai that will support its […]
Monika Ghosh
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Regulation
South Korea and Japan grapple with how to define, and tax, cryptocurrency gains
South Korea reaches a tentative agreement to delay a pending tax on virtual assets. Crypto investors in next-door Japan already face taxation up to 55%.
Danny Park
