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Cryptocurrencies

  • Regulation

    Indian government may double tax on crypto, report says

    The Indian government is mulling the taxation of cryptocurrencies as business income, in a decision which could double the tax burden on investors, according to a local report.   Fast facts Currently, crypto earnings are taxed as capital gains, which stand at 20%, while business income rates reach as high as 42%.  Taxing each crypto transaction […]

    Monika Ghosh

  • Bitcoin News

    Kazakhstan internet restoration still not enough for crypto miners, NetBlocks says

    Limited restoration of internet access in Kazakhstan is not enough to bring the world’s second-largest crypto mining hub back fully online, according to internet tracker NetBlocks.  Fast facts Last week, internet access in the central Asian nation was shut off after protests over fuel prices spread across the country, resulting in more than 100 deaths […]

    Timmy Shen

  • Regulation

    China moves to ban internet marketing services for crypto

    The Chinese government published a draft regulation on Dec. 31 stating that no organization or individual is allowed to provide internet marketing for illegal financial activities, which include cryptocurrency transactions. Fast facts The regulation, drafted by the People’s Bank of China — China’s central bank — and other Chinese government institutions stipulates that any organization or […]

    Tom Zuo

  • Bitcoin News

    Bitcoin at 13: The new age of crypto

    With wider acceptance as a financial asset, a teenage Bitcoin may not see the explosive 200% average annual returns of the past, but also may experience less price volatility.

    Forkast.News