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Australia’s ASIC Grants Exemptions to Stablecoin Intermediaries
The Australian Securities and Investments Commission (ASIC) has introduced class relief that exempts intermediaries from needing separate licences to distribute stablecoins issued by licensed providers. The initiative is intended to lower compliance hurdles and encourage growth in the digital assets sector. At the same time, ASIC emphasised that is...
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Scenarios Where New Long-Term Capital Gains Tax Structure Is Beneficial
One of the benefits of simplification of any tax structure is that it removes differential rates for various classes of assets, Finance Ministry sources said, responding to feedback from the public on the changes in LTCG tax.
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Investor Says People With Rs 50 Lakh Liquid Net Worth Are ''Lower Middle Class'', Sparks Debate
Net worth is the value of a person's or company's assets minus their liabilities.
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Blackrock Files For Bitcoin ETF to Allow Cryptocurrency Exposure to Investors
BlackRock on Thursday filed for a bitcoin exchange-traded fund (ETF) that would allow investors to get exposure to the cryptocurrency, as the asset class comes under intense regulatory scrutiny. BlackRock's iShares Bitcoin Trust will use Coinbase Custody as its custodian. The US regulator has yet to approve any applications for spot bitcoin ETFs.
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FTX Customers File Lawsuit Against Founder Sam Bankman-Fried
FTX customers filed a class action lawsuit against the failed crypto exchange and its former top executives including Sam Bankman-Fried on Tuesday, seeking a declaration that the company's holdings of digital assets belong to customers.
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Indian Chartered Accountants Must Track, Analyse Blockchain Records: KoinX CEO
Before crypto activities explode in full potential, chartered accountants (CAs) in India must begin to dive deeper into blockchain records. The ‘need-of-the-hour' was highlighted by Punit Agarwal, the founder and CEO of KoinX, which is an automated crypto taxation platform. The KoinX chief has noted that for now, recognition of crypto as an asset...
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‘Return Correlations of BTC, Indian Stock Markets Have Risen Ten-Fold': IMF
As per the International Monetary Fund, the increased return correlations of Bitcoin and the Asian stock market is indicative of the limited risk diversification benefits of cryptocurrencies. This growing interconnectedness between the two asset classes, the IMF says, permits the transmission of shocks that can impact financial markets and hence ne...
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South Korean Authorities to Levy Gift Tax on Crypto Airdrops: Report
As per local news reports, the South Korean government plans to introduce a new gift tax on crypto asset airdrops despite pushing back on the adoption of capital gains tax for the asset class so far. The government can currently levy gift or inheritance tax for 15 years on an individual that has given "gifts or inheritance" illegally or without not...
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Coin In Bitcoin Name Doesn't Make It Money: IMF Chief
IMF chief Kristalina Georgieva on Monday said anything not backed by a sovereign guarantee can be an asset class but not a currency, as she asserted that Bitcoin cannot be 'money' just because it has got 'coin' in its name.
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Goldman Sachs Becomes First Major US Bank to Open Over-the-Counter Crypto Options Trading
Goldman Sachs has become the first major bank in the US to open crypto options trading service in the country. It will be acting as the risk-taking principal party in these transactions. Galaxy Digital, that completed its OTC trade of Bitcoin option with the US bank has called crypto the fifth class of asset as it reiterated its trust in the crypto...
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Oil Prices Climb Again As U.S. Inventories Fall
Asset classes from oil to equities have clawed back losses from late November, when the Omicron variant of COVID-19 sent investors scurrying for safety.
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NFT Sales Surge as Speculators Pile In, Sceptics See Bubble
NFT sales surged in August, according to the largest platform for the burgeoning digital asset class, as speculators bet growing Interest across the art, sport, and media worlds will keep prices rising.
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PayPal Launches Cryptocurrency Buying and Selling in the UK
PayPal will allow customers in the UK to buy, sell, and hold Bitcoin and other cryptocurrencies starting this week, the company said.
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Cryptocurrency Prices Turn Choppy as Bounce Momentum Ebbs
Cryptocurrency prices slipped on Thursday but without falling through recent lows, as enough traders clung to hopes that the asset class can claw its way back from last week's plunge.
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First Class Asset: Aviation Minister "Confident" About Air India's Divestment Plans
Union Civil Aviation Minister Hardeep Singh Puri on Saturday said that he has never been as "hopeful and confident" on Air India's divestment or disinvestment as he is now.
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Australia’s ASIC Grants Exemptions to Stablecoin Intermediaries
The Australian Securities and Investments Commission (ASIC) has introduced class relief that exempts intermediaries from needing separate licences to distribute stablecoins issued by licensed providers. The initiative is intended to lower compliance hurdles and encourage growth in the digital assets sector. At the same time, ASIC emphasised that is...
-
Scenarios Where New Long-Term Capital Gains Tax Structure Is Beneficial
One of the benefits of simplification of any tax structure is that it removes differential rates for various classes of assets, Finance Ministry sources said, responding to feedback from the public on the changes in LTCG tax.
-
Investor Says People With Rs 50 Lakh Liquid Net Worth Are ''Lower Middle Class'', Sparks Debate
Net worth is the value of a person's or company's assets minus their liabilities.
-
Blackrock Files For Bitcoin ETF to Allow Cryptocurrency Exposure to Investors
BlackRock on Thursday filed for a bitcoin exchange-traded fund (ETF) that would allow investors to get exposure to the cryptocurrency, as the asset class comes under intense regulatory scrutiny. BlackRock's iShares Bitcoin Trust will use Coinbase Custody as its custodian. The US regulator has yet to approve any applications for spot bitcoin ETFs.
-
FTX Customers File Lawsuit Against Founder Sam Bankman-Fried
FTX customers filed a class action lawsuit against the failed crypto exchange and its former top executives including Sam Bankman-Fried on Tuesday, seeking a declaration that the company's holdings of digital assets belong to customers.
-
Indian Chartered Accountants Must Track, Analyse Blockchain Records: KoinX CEO
Before crypto activities explode in full potential, chartered accountants (CAs) in India must begin to dive deeper into blockchain records. The ‘need-of-the-hour' was highlighted by Punit Agarwal, the founder and CEO of KoinX, which is an automated crypto taxation platform. The KoinX chief has noted that for now, recognition of crypto as an asset...
-
‘Return Correlations of BTC, Indian Stock Markets Have Risen Ten-Fold': IMF
As per the International Monetary Fund, the increased return correlations of Bitcoin and the Asian stock market is indicative of the limited risk diversification benefits of cryptocurrencies. This growing interconnectedness between the two asset classes, the IMF says, permits the transmission of shocks that can impact financial markets and hence ne...
-
South Korean Authorities to Levy Gift Tax on Crypto Airdrops: Report
As per local news reports, the South Korean government plans to introduce a new gift tax on crypto asset airdrops despite pushing back on the adoption of capital gains tax for the asset class so far. The government can currently levy gift or inheritance tax for 15 years on an individual that has given "gifts or inheritance" illegally or without not...
-
Coin In Bitcoin Name Doesn't Make It Money: IMF Chief
IMF chief Kristalina Georgieva on Monday said anything not backed by a sovereign guarantee can be an asset class but not a currency, as she asserted that Bitcoin cannot be 'money' just because it has got 'coin' in its name.
-
Goldman Sachs Becomes First Major US Bank to Open Over-the-Counter Crypto Options Trading
Goldman Sachs has become the first major bank in the US to open crypto options trading service in the country. It will be acting as the risk-taking principal party in these transactions. Galaxy Digital, that completed its OTC trade of Bitcoin option with the US bank has called crypto the fifth class of asset as it reiterated its trust in the crypto...
-
Oil Prices Climb Again As U.S. Inventories Fall
Asset classes from oil to equities have clawed back losses from late November, when the Omicron variant of COVID-19 sent investors scurrying for safety.
-
NFT Sales Surge as Speculators Pile In, Sceptics See Bubble
NFT sales surged in August, according to the largest platform for the burgeoning digital asset class, as speculators bet growing Interest across the art, sport, and media worlds will keep prices rising.
-
PayPal Launches Cryptocurrency Buying and Selling in the UK
PayPal will allow customers in the UK to buy, sell, and hold Bitcoin and other cryptocurrencies starting this week, the company said.
-
Cryptocurrency Prices Turn Choppy as Bounce Momentum Ebbs
Cryptocurrency prices slipped on Thursday but without falling through recent lows, as enough traders clung to hopes that the asset class can claw its way back from last week's plunge.
-
First Class Asset: Aviation Minister "Confident" About Air India's Divestment Plans
Union Civil Aviation Minister Hardeep Singh Puri on Saturday said that he has never been as "hopeful and confident" on Air India's divestment or disinvestment as he is now.
