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UK Government Updates Crypto Reporting Guidelines, Mandates Collection of Crypto Transaction Data
The UK government has instructed crypto firms to collect user details including transaction data under the Crypto Asset Reporting Framework (CARF). The UK officials have said that crypto companies found in violation of these laws can invite penalties of up to GBP 300 (roughly Rs. 35,000).
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Meta's Stablecoin Plans Likely to Face Regulatory Pushback as US Senator Warren Questions GENIUS ActÂ
Over the weekend, US Senator Elizabeth Warren snubbed the idea of letting Big Tech companies dive too deep into the stablecoin sector. In an interview with CoinDesk, Warren said that Big Tech's introduction of stablecoin transactions could "choke off small businesses from the payments system."
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UPI Services Hit by Another Outage, NPCI Says ‘Working to Resolve the Issue’
UPI (Unified Payments Interface) services in India were severely disrupted this Saturday morning, leaving users incapable of making digital transactions, the third time within a month. The snag hits individuals and businesses across the country, disrupting an important daily service for smooth money transfers, which has become a common feature in I...
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KuCoin Launches New Pay Feature That Enables UPI-Like Payments via QR Codes
KuCoin has unveiled KuCoin Pay, a new payment solution enabling merchants and businesses to accept cryptocurrency for goods and services. Once integrated into their payment systems, merchants receive a unique QR code that customers can scan to complete transactions using crypto.Â
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Crypto Brokerage FalconX Buys Derivatives Startup Arbelos Markets
FalconX has acquired Arbelos Markets, a derivatives startup launched in 2023. Bloomberg News reported on Tuesday that the transaction was expected to be financed through a mix of cash and FalconX stock, according to people familiar with the deal, who asked not to be identified because the discussions were private.
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Statehood, Lt Governor's Powers In Focus As Omar Abdullah, Amit Shah Meet Tomorrow
When Jammu and Kashmir Chief Minister Omar Abdullah meets Union Home Minister Amit Shah in New Delhi on Wednesday, restoration of statehood will not be the only item on the top of the agenda, sources have told NDTV.
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Parliament Winter Session Highlights: Chaos In Rajya Sabha Again, House Adjourned Till Tomorrow
Parliament Highlights: Rajya Sabha has been adjourned for the day without transacting any business as chaos erupted over the no-confidence motion moved by the opposition against the House Chairman and the George Soros issue
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EBA Establishes Stricter Oversight for Firms Handling Crypto-Assets and Payments: Details
The European Banking Authority (EBA) has directed payment service providers to screen all firms seeking to register their businesses in EU member states. Additionally, EU lawmakers have mandated that virtual digital asset service providers (VASPs) conduct comprehensive due diligence, including detailed risk assessments.
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The Benefits Of Using UPI Wallets For Hassle-Free Transactions
The Unified Payments Interface (UPI) has transformed how people handle payments in India. It has made digital transactions as easy as tapping your smartphone.
-
Role Of UPI In Enhancing Transparency In Financial Transactions
UPI has revolutionized the way we transact, making it faster, more convenient, and, most importantly, more transparent.
-
How UPI Is Enabling A Cashless Economy
For a cashless economy to thrive, transactions must be affordable. Unlike credit card transactions that incur fees for merchants, UPI payments are either free or have minimal charges, making them much more accessible to small and medium-sized busines
-
US To Limit Some Trade Transactions To Block Data Access By Russia, China
The US Justice Department on Monday proposed new rules to protect federal government data or Americans' bulk personal data from getting into the hands of countries like China, Iran and Russia by placing new limits on certain business transactions.
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UAE Scraps Value Added Tax on Crypto Transactions, Binance Foresees Rapid Growth in Web3 Businesses
The UAE has exempted some crypto transactions from value added taxes (VAT). This essentially means that the five percent VAT that the UAE previously levied on crypto transfers and conversions now stands cancelled. This move is being implemented retrospectively covering crypto transactions from as far back as January 1, 2018.
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High-Value Cash Transactions At Hotels, Hospitals Come Under Income Tax Scrutiny
Rampant cash transactions in business sectors like hotels, luxury brand sales, hospitals and IVF clinics need to be checked in a "non-intrusive" manner, the CBDT has asked the I-T department.
-
Explained: How New Long Term Capital Gains Tax Options Will Boost Real Estate Market
The government's decision to allow taxpayers to pick between two long-term property transactions has brought cheers to the real estate industry, with experts saying that this move will have a very profound impact on both homeowners and homebuyers.
-
UK Government Updates Crypto Reporting Guidelines, Mandates Collection of Crypto Transaction Data
The UK government has instructed crypto firms to collect user details including transaction data under the Crypto Asset Reporting Framework (CARF). The UK officials have said that crypto companies found in violation of these laws can invite penalties of up to GBP 300 (roughly Rs. 35,000).
-
Meta's Stablecoin Plans Likely to Face Regulatory Pushback as US Senator Warren Questions GENIUS ActÂ
Over the weekend, US Senator Elizabeth Warren snubbed the idea of letting Big Tech companies dive too deep into the stablecoin sector. In an interview with CoinDesk, Warren said that Big Tech's introduction of stablecoin transactions could "choke off small businesses from the payments system."
-
UPI Services Hit by Another Outage, NPCI Says ‘Working to Resolve the Issue’
UPI (Unified Payments Interface) services in India were severely disrupted this Saturday morning, leaving users incapable of making digital transactions, the third time within a month. The snag hits individuals and businesses across the country, disrupting an important daily service for smooth money transfers, which has become a common feature in I...
-
KuCoin Launches New Pay Feature That Enables UPI-Like Payments via QR Codes
KuCoin has unveiled KuCoin Pay, a new payment solution enabling merchants and businesses to accept cryptocurrency for goods and services. Once integrated into their payment systems, merchants receive a unique QR code that customers can scan to complete transactions using crypto.Â
-
Crypto Brokerage FalconX Buys Derivatives Startup Arbelos Markets
FalconX has acquired Arbelos Markets, a derivatives startup launched in 2023. Bloomberg News reported on Tuesday that the transaction was expected to be financed through a mix of cash and FalconX stock, according to people familiar with the deal, who asked not to be identified because the discussions were private.
-
Statehood, Lt Governor's Powers In Focus As Omar Abdullah, Amit Shah Meet Tomorrow
When Jammu and Kashmir Chief Minister Omar Abdullah meets Union Home Minister Amit Shah in New Delhi on Wednesday, restoration of statehood will not be the only item on the top of the agenda, sources have told NDTV.
-
Parliament Winter Session Highlights: Chaos In Rajya Sabha Again, House Adjourned Till Tomorrow
Parliament Highlights: Rajya Sabha has been adjourned for the day without transacting any business as chaos erupted over the no-confidence motion moved by the opposition against the House Chairman and the George Soros issue
-
EBA Establishes Stricter Oversight for Firms Handling Crypto-Assets and Payments: Details
The European Banking Authority (EBA) has directed payment service providers to screen all firms seeking to register their businesses in EU member states. Additionally, EU lawmakers have mandated that virtual digital asset service providers (VASPs) conduct comprehensive due diligence, including detailed risk assessments.
-
The Benefits Of Using UPI Wallets For Hassle-Free Transactions
The Unified Payments Interface (UPI) has transformed how people handle payments in India. It has made digital transactions as easy as tapping your smartphone.
-
Role Of UPI In Enhancing Transparency In Financial Transactions
UPI has revolutionized the way we transact, making it faster, more convenient, and, most importantly, more transparent.
-
How UPI Is Enabling A Cashless Economy
For a cashless economy to thrive, transactions must be affordable. Unlike credit card transactions that incur fees for merchants, UPI payments are either free or have minimal charges, making them much more accessible to small and medium-sized busines
-
US To Limit Some Trade Transactions To Block Data Access By Russia, China
The US Justice Department on Monday proposed new rules to protect federal government data or Americans' bulk personal data from getting into the hands of countries like China, Iran and Russia by placing new limits on certain business transactions.
-
UAE Scraps Value Added Tax on Crypto Transactions, Binance Foresees Rapid Growth in Web3 Businesses
The UAE has exempted some crypto transactions from value added taxes (VAT). This essentially means that the five percent VAT that the UAE previously levied on crypto transfers and conversions now stands cancelled. This move is being implemented retrospectively covering crypto transactions from as far back as January 1, 2018.
-
High-Value Cash Transactions At Hotels, Hospitals Come Under Income Tax Scrutiny
Rampant cash transactions in business sectors like hotels, luxury brand sales, hospitals and IVF clinics need to be checked in a "non-intrusive" manner, the CBDT has asked the I-T department.
-
Explained: How New Long Term Capital Gains Tax Options Will Boost Real Estate Market
The government's decision to allow taxpayers to pick between two long-term property transactions has brought cheers to the real estate industry, with experts saying that this move will have a very profound impact on both homeowners and homebuyers.
