Lens
Regulation
Union minister Bhagwat Karad said on Saturday that cryptocurrencies are not legal in India and that their future is uncertain at the moment. Fast facts Many investors and exchanges had viewed a decision to impose a 30% tax on cryptocurrency profits as a step toward validating the industry. Finance minister Nirmala Sitharaman, however, clarified last […]
Monika Ghosh
Regulation
As stablecoins face pressure to adopt traditional safeguards, the industry’s efforts to self-regulate should not be overlooked, writes Charlie Martin of Gro.
Charlie Martin
Regulation
The announcement of a crypto tax dispelled fears of a ban but left exchanges wondering whether they may be hurt in the long run.
Monika Ghosh
Regulation
Russia’s central government agencies reached an agreement to regulate cryptocurrencies by mandating licenses for exchanges and taxing large transactions on Tuesday, shelving concerns of a blanket ban proposed by the central bank last month. Fast facts Russian business newspaper Kommersant reported the government and the Bank of Russia are preparing a draft law by Feb. […]
Timmy Shen
Regulation
The Hong Kong government intends to propose a licensing system for crypto exchanges, according to a discussion paper published on Monday. Fast facts The proposed amendments to the Anti-Money Laundering and Counter-Terrorist Financing bill will designate any crypto exchange as a “regulated virtual asset activity” and any person who seeks to engage in this work […]
Ningwei Qin
Regulation
A prominent Russian lawmaker has proposed a personal income tax rate of at least 15% for crypto miners, according to local media reports, as the country continues to debate regulations for the industry. Fast facts Vladimir Gutenev, who chairs an industry committee at the Duma, parliament’s lower house, said at a Friday briefing that mining […]
Timmy Shen
Regulation
Indian crypto exchanges are experiencing a surge in trading volume since finance minister Nirmala Sitharaman announced a 30% tax on crypto transfers at the budget session of parliament on Tuesday. Fast facts Binance-owned WazirX’s 24-hour trading volume has soared by 56.26% while its WRX token price jumped 25.3%, as of press time. The trading volume […]
Monika Ghosh
Regulation
Crypto regulations are lagging the market’s needs, and the industry should help create order to gain greater public trust, writes Imgesu Cetin of Defy Trends.
Imgesu Cetin
Regulation
Lawyer for 63,000 XRP investors invites non-US investors to demand a congressional investigation of the SEC for impropriety.
Jeanhee Kim
Regulation
Thailand has axed plans to apply a 15% withholding tax on crypto transactions after a backlash from crypto traders within the country, the Financial Times reported. Fast facts Last week, Thailand’s financial authorities announced plans to tighten regulation on the industry — including the 15% tax — aimed at limiting the widespread adoption of digital […]
Lachlan Keller
