Cryptocurrency Related Transactions
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China Launches Public Blockchain Platform Despite Unfriendly Crypto Stance
Chaina aims to equip cross-border transactions related to its Belt and Road Initiative (BRI) with blockchain capabilities. To do so, the Chinese government has launched the ‘Ultra-Large Scale Blockchain Infrastructure Platform for the Belt and Road Initiative’ in a fresh development.
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India Strict about Overseeing, Automating Tax Work Around Crypto: KoinX’s Punit Agarwal
In the absence of a set rulebook for crypto, India levied taxes on crypto profits last April. KoinX founder Punit Agarwal has conveyed to the Indian crypto investors that the government is maintaining a strict oversight on all tax-work related to crypto transactions in India.
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Apple Gets into Spat with Crypto Wallet Players Zeus, Damus Over Listing on App Store: Details
Two Bitcoin wallet providers — Zeus and Damus, have called out the iPhone-maker for restricting their operations on Apple’s App Store. Zeus and Damus, both, are non-custodial wallets. Apple meanwhile, requires apps related to the crypto transactions to be registered on centralised exchanges, most of which provide custodial wallet services, keep...
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Blockchain Is a Key Technology – a Computer Scientist Explains Why the Post-Crypto-Crash Future Is Bright
People hear a lot about blockchain technology in relation to cryptocurrencies like bitcoin, which rely on blockchain systems to keep records of financial transactions between people and businesses. There are plenty of other uses for this type of system, which does not rely on centralised storage and where many people can participate securely, even ...
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G20’s Finacial Stability Board to Look at Unregulated Decentralised Finance After FTX Collapse
The Financial Stability Board (FSB) of the G20 said on Thursday it would take steps to tackle "vulnerabilities" and data gaps in decentralised finance (DeFi) highlighted by the collapse of cryptocurrency exchange FTX last year. The fast-growing and unregulated DeFi segment offers trading, borrowing, and lending in cryptocurrency assets by using pub...
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Crypto Crime Hits Record $20 Billion in 2022: Chainalysis Report
Illicit use of cryptocurrencies hit a record $20.1 billion (nearly Rs. 1,63,217 crore) last year as transactions involving companies targeted by US sanctions skyrocketed, data from blockchain analytics firm Chainalysis showed on Thursday. The cryptocurrency market floundered in 2022, as risk appetite diminished and various crypto firms collapsed...
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FTX Said to Have Confirmed Hacking Reports, Investigating 'Unauthorised Transactions'
FTX said on Saturday it was moving funds into offline storage following a series of "unauthorised transactions", with analysts saying millions of dollars worth of assets had been withdrawn from the platform. Miller also tweeted that he was "investigating abnormalities with wallet movements related to consolidation of FTX balances across exchanges."
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Formula One Submits New Trademark Filings Related to NFT and Crypto Transactions
Formula One has filed new trademarks related to non-fungible tokens and cryptocurrencies. As per one of the filings, it plans to offer software for use with cryptocurrency, digital collectibles and non-fungible tokens. This software will also enable support for cryptocurrency payment and exchange transactions.
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Thai Central Bank Digital Currency to Enter Testing This Year, Bank of Thailand Says
Thailand will begin testing its retail digital currency from late this year to the middle of 2023, the Bank of Thailand said on Friday. The retail central bank digital currency (CBDC) will be used in conducting cash-like transactions within limited areas, among about 10,000 retail users as part of the limited testing. Benefits and risks from the pi...
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ED Probing WazirX in 2 Cases, Transactions With Binance 'Cloaked in Mystery', Says MoS Finance
The Enforcement Directorate is investigating two cases related to cryptocurrency against WazirX under the provisions of Foreign Exchange Management Act, 1999 (FEMA), Minister of State for Finance Pankaj Chaudhary said on Tuesday. "...Further, it has been found that all crypto transactions between these two exchanges (WazirX and Binance) were not e...
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MoneyGram Teams With Steller Blockchain to Facilitate Remittance Transactions in USDC Stablecoin
Headquartered in Dallas, US, MoneyGram offers online and in-person domestic and international money transfer with 42 years of industry presence. Its CEO Alex Holmes recently voiced his predictions on the bright future of the crypto sector. The company is now enabling users to send remittance amounts as USD Coin that could be cashed out into fiat cu...
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EU Bans Provision of High-Value Crypto Services to Russia in Latest Set of Sanctions
The EU has issued a fifth round of sanctions against Russia in relation to its invasion of Ukraine, which includes a ban on providing high-value crypto services to Russia in a bid to “close potential loopholes”.
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Government Has Sovereign Right to Tax Cryptocurrency; Decision on Ban to Come Later: Finance Minister
Finance Minister Nirmala Sitharaman said the government has sovereign right to tax profit made from cryptocurrency transactions, and the decision on banning or not banning will be taken based on feedback from consultations.
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Cryptocurrency Transactions Deemed Illegal by China's Central Bank, Bitcoin Down 6 Percent
Cryptocurrency transactions are now illegal, China's central bank said, sounding the death knell for the digital trade in China after a crackdown on the volatile currencies.
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Cryptocurrency Transactions to Be Recognised, Regulated in Cuba
Cuba's government said it will recognise — and regulate — cryptocurrencies for payments on the island. A resolution published in the Official Gazette said the Central Bank will set rules for such currencies and determine how to license providers of related services within Cuba.
-
China Launches Public Blockchain Platform Despite Unfriendly Crypto Stance
Chaina aims to equip cross-border transactions related to its Belt and Road Initiative (BRI) with blockchain capabilities. To do so, the Chinese government has launched the ‘Ultra-Large Scale Blockchain Infrastructure Platform for the Belt and Road Initiative’ in a fresh development.
-
India Strict about Overseeing, Automating Tax Work Around Crypto: KoinX’s Punit Agarwal
In the absence of a set rulebook for crypto, India levied taxes on crypto profits last April. KoinX founder Punit Agarwal has conveyed to the Indian crypto investors that the government is maintaining a strict oversight on all tax-work related to crypto transactions in India.
-
Apple Gets into Spat with Crypto Wallet Players Zeus, Damus Over Listing on App Store: Details
Two Bitcoin wallet providers — Zeus and Damus, have called out the iPhone-maker for restricting their operations on Apple’s App Store. Zeus and Damus, both, are non-custodial wallets. Apple meanwhile, requires apps related to the crypto transactions to be registered on centralised exchanges, most of which provide custodial wallet services, keep...
-
Blockchain Is a Key Technology – a Computer Scientist Explains Why the Post-Crypto-Crash Future Is Bright
People hear a lot about blockchain technology in relation to cryptocurrencies like bitcoin, which rely on blockchain systems to keep records of financial transactions between people and businesses. There are plenty of other uses for this type of system, which does not rely on centralised storage and where many people can participate securely, even ...
-
G20’s Finacial Stability Board to Look at Unregulated Decentralised Finance After FTX Collapse
The Financial Stability Board (FSB) of the G20 said on Thursday it would take steps to tackle "vulnerabilities" and data gaps in decentralised finance (DeFi) highlighted by the collapse of cryptocurrency exchange FTX last year. The fast-growing and unregulated DeFi segment offers trading, borrowing, and lending in cryptocurrency assets by using pub...
-
Crypto Crime Hits Record $20 Billion in 2022: Chainalysis Report
Illicit use of cryptocurrencies hit a record $20.1 billion (nearly Rs. 1,63,217 crore) last year as transactions involving companies targeted by US sanctions skyrocketed, data from blockchain analytics firm Chainalysis showed on Thursday. The cryptocurrency market floundered in 2022, as risk appetite diminished and various crypto firms collapsed...
-
FTX Said to Have Confirmed Hacking Reports, Investigating 'Unauthorised Transactions'
FTX said on Saturday it was moving funds into offline storage following a series of "unauthorised transactions", with analysts saying millions of dollars worth of assets had been withdrawn from the platform. Miller also tweeted that he was "investigating abnormalities with wallet movements related to consolidation of FTX balances across exchanges."
-
Formula One Submits New Trademark Filings Related to NFT and Crypto Transactions
Formula One has filed new trademarks related to non-fungible tokens and cryptocurrencies. As per one of the filings, it plans to offer software for use with cryptocurrency, digital collectibles and non-fungible tokens. This software will also enable support for cryptocurrency payment and exchange transactions.
-
Thai Central Bank Digital Currency to Enter Testing This Year, Bank of Thailand Says
Thailand will begin testing its retail digital currency from late this year to the middle of 2023, the Bank of Thailand said on Friday. The retail central bank digital currency (CBDC) will be used in conducting cash-like transactions within limited areas, among about 10,000 retail users as part of the limited testing. Benefits and risks from the pi...
-
ED Probing WazirX in 2 Cases, Transactions With Binance 'Cloaked in Mystery', Says MoS Finance
The Enforcement Directorate is investigating two cases related to cryptocurrency against WazirX under the provisions of Foreign Exchange Management Act, 1999 (FEMA), Minister of State for Finance Pankaj Chaudhary said on Tuesday. "...Further, it has been found that all crypto transactions between these two exchanges (WazirX and Binance) were not e...
-
MoneyGram Teams With Steller Blockchain to Facilitate Remittance Transactions in USDC Stablecoin
Headquartered in Dallas, US, MoneyGram offers online and in-person domestic and international money transfer with 42 years of industry presence. Its CEO Alex Holmes recently voiced his predictions on the bright future of the crypto sector. The company is now enabling users to send remittance amounts as USD Coin that could be cashed out into fiat cu...
-
EU Bans Provision of High-Value Crypto Services to Russia in Latest Set of Sanctions
The EU has issued a fifth round of sanctions against Russia in relation to its invasion of Ukraine, which includes a ban on providing high-value crypto services to Russia in a bid to “close potential loopholes”.
-
Government Has Sovereign Right to Tax Cryptocurrency; Decision on Ban to Come Later: Finance Minister
Finance Minister Nirmala Sitharaman said the government has sovereign right to tax profit made from cryptocurrency transactions, and the decision on banning or not banning will be taken based on feedback from consultations.
-
Cryptocurrency Transactions Deemed Illegal by China's Central Bank, Bitcoin Down 6 Percent
Cryptocurrency transactions are now illegal, China's central bank said, sounding the death knell for the digital trade in China after a crackdown on the volatile currencies.
-
Cryptocurrency Transactions to Be Recognised, Regulated in Cuba
Cuba's government said it will recognise — and regulate — cryptocurrencies for payments on the island. A resolution published in the Official Gazette said the Central Bank will set rules for such currencies and determine how to license providers of related services within Cuba.
