Crypto Asset Bill

Cryptocurrency could see more regulatory norms in 2023, after a year of turbulence that saw the collapse of massive trading platform FTX. The Reserve Bank of India has been forthright about its views on cryptocurrency and its Governor Shaktikanta Das said last month that cryptocurrencies should be "prohibited" and that if they are allowed to grow "...

Hong Kong, who recently emerged as the most crypto ready nation in the world, has taken a proactive step to ensure that crypto assets are not misused by criminals for moving illicit funds, illegally. The country has amended its Anti-Money Laundering (AML) and Counter-Terrorist Financing (Amendment) Bill 2022, to now include crypto transactions as w...

The EU has warned crypto influencers against advertising digital assets without providing full disclosure about the financial risks associated with the sector. By tightening the noose around crypto influencers, the MiCA bill aims to prevent insider dealing, unlawful disclosure of inside information, and market manipulation related to crypto-assets ...

The European Union (EU) has agreed on a legal framework for bitcoin and cryptocurrencies known as Markets in Crypto Asset Regulation (MiCA). The bill was signed off by members of the EU Council on Wednesday and consists of a regulatory framework previously established in June, which reportedly received no further development since then.

California’s awaited Digital Financial Assets Law will mandate crypto exchanges to apply and bag operational licenses in the state. In addition, the bill would also direct stablecoin issuers to have a bank charter. Californian Governor Gavin Newsom can approve or veto this bill by September 30.

Russian President Vladimir Putin today signed a bill that prohibits using digital assets in the country, including cryptocurrency and non-fungible tokens (NFTs), to pay for goods and services.

The recently introduced 1 percent TDS on virtual digital asset (VDA) transactions, as part of the Finance Bill 2022, has been described as highly detrimental to the industry. The tax provision is expected to discourage entrepreneurs and investors from developing the burgeoning industry while the government could lose out on an opportunity to earn t...

Cryptocurrencies and digital assets issuers in Russia may no longer have to worry about Value Added Tax (VATs) payments moving forward, all thanks to the proposed draft law that has seen approval from the State Duma.

The US is yet to unveil its regulatory framework to govern and monitor the crypto industry. Senator Cynthia Lummis is working on a crypto-related bill, details of which she revealed in a recent interview. The senator is focussing on making a proposal that brings the crypto sector under government jurisdiction, without barring any scope for developm...

Lawmakers in Panama's National Assembly on Thursday approved a bill to regulate the use and commercialization ofcryptoassets in the Central American country renowned as a hub of offshore financial services.

India will frame a legislation for cryptocurrencies only after a global consensus emerges on regulating such assets, according to a person familiar with the matter.

As India approaches tax enforcement on crypto starting April 1, the outcry around the levied taxes seems to have grown louder in the nation. Ritesh Pandey, a BSP party leader has voiced his concerns on having people cross three TDS payments on one NFT purchase. Pandey told the Lok Sabha that such bars could outweigh the growth potential of the youn...

Taxation of virtual digital assets (VDAs) or "crypto tax" proposed in the Union Budget 2022-23 is set to be implemented from April 1, as the Lok Sabha passed the Finance Bill, 2022.

US’ Portsmouth city has decided to let its residents pay for electricity bill in cryptocurrencies including Bitcoin. PayPal has been roped in to facilitate these transactions. The mayor of Portsmouth aims to try out the new digital payment system, as he believes, it will surely affect everybody’s future.

The government's clarification of disallowing losses incurred in a particular digital asset to be set off against income from another version of a crypto holding is "detrimental for India's crypto industry and the millions who have invested in this emerging asset class," said Ashish Singhal, Co-founder and CEO of CoinSwitch, one of India's top cryp...

Cryptocurrency could see more regulatory norms in 2023, after a year of turbulence that saw the collapse of massive trading platform FTX. The Reserve Bank of India has been forthright about its views on cryptocurrency and its Governor Shaktikanta Das said last month that cryptocurrencies should be "prohibited" and that if they are allowed to grow "...

Hong Kong, who recently emerged as the most crypto ready nation in the world, has taken a proactive step to ensure that crypto assets are not misused by criminals for moving illicit funds, illegally. The country has amended its Anti-Money Laundering (AML) and Counter-Terrorist Financing (Amendment) Bill 2022, to now include crypto transactions as w...

The EU has warned crypto influencers against advertising digital assets without providing full disclosure about the financial risks associated with the sector. By tightening the noose around crypto influencers, the MiCA bill aims to prevent insider dealing, unlawful disclosure of inside information, and market manipulation related to crypto-assets ...

The European Union (EU) has agreed on a legal framework for bitcoin and cryptocurrencies known as Markets in Crypto Asset Regulation (MiCA). The bill was signed off by members of the EU Council on Wednesday and consists of a regulatory framework previously established in June, which reportedly received no further development since then.

California’s awaited Digital Financial Assets Law will mandate crypto exchanges to apply and bag operational licenses in the state. In addition, the bill would also direct stablecoin issuers to have a bank charter. Californian Governor Gavin Newsom can approve or veto this bill by September 30.

Russian President Vladimir Putin today signed a bill that prohibits using digital assets in the country, including cryptocurrency and non-fungible tokens (NFTs), to pay for goods and services.

The recently introduced 1 percent TDS on virtual digital asset (VDA) transactions, as part of the Finance Bill 2022, has been described as highly detrimental to the industry. The tax provision is expected to discourage entrepreneurs and investors from developing the burgeoning industry while the government could lose out on an opportunity to earn t...

Cryptocurrencies and digital assets issuers in Russia may no longer have to worry about Value Added Tax (VATs) payments moving forward, all thanks to the proposed draft law that has seen approval from the State Duma.

The US is yet to unveil its regulatory framework to govern and monitor the crypto industry. Senator Cynthia Lummis is working on a crypto-related bill, details of which she revealed in a recent interview. The senator is focussing on making a proposal that brings the crypto sector under government jurisdiction, without barring any scope for developm...

Lawmakers in Panama's National Assembly on Thursday approved a bill to regulate the use and commercialization ofcryptoassets in the Central American country renowned as a hub of offshore financial services.

India will frame a legislation for cryptocurrencies only after a global consensus emerges on regulating such assets, according to a person familiar with the matter.

As India approaches tax enforcement on crypto starting April 1, the outcry around the levied taxes seems to have grown louder in the nation. Ritesh Pandey, a BSP party leader has voiced his concerns on having people cross three TDS payments on one NFT purchase. Pandey told the Lok Sabha that such bars could outweigh the growth potential of the youn...

Taxation of virtual digital assets (VDAs) or "crypto tax" proposed in the Union Budget 2022-23 is set to be implemented from April 1, as the Lok Sabha passed the Finance Bill, 2022.

US’ Portsmouth city has decided to let its residents pay for electricity bill in cryptocurrencies including Bitcoin. PayPal has been roped in to facilitate these transactions. The mayor of Portsmouth aims to try out the new digital payment system, as he believes, it will surely affect everybody’s future.

The government's clarification of disallowing losses incurred in a particular digital asset to be set off against income from another version of a crypto holding is "detrimental for India's crypto industry and the millions who have invested in this emerging asset class," said Ashish Singhal, Co-founder and CEO of CoinSwitch, one of India's top cryp...