Disclosure Of Assets
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Canada's Bill C-25 Clears Key Vote as Government Moves to Block Crypto Political Donations
Canada has proposed a bill to ban political donations made using cryptocurrency as part of broader election finance reforms. The move aims to improve transparency and reduce risks linked to traceability and compliance, reflecting increasing regulatory scrutiny of digital assets in the country.
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Australia Mandates Financial Services Licences for Crypto Exchanges Under New Bill
Australia has introduced a new bill mandating financial services licences for cryptocurrency exchanges operating in the country. The move aims to align digital asset platforms with traditional financial regulations, improve investor protection, and enhance market transparency. Exchanges will be required to meet compliance and disclosure standards a...
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Budget 2026 Proposes To Rationalise Prosecution Framework In Income Tax Act
At the centre of the overhaul is a onetime, sixmonth foreign asset disclosure window targeted at small taxpayers, including students, NRIs and young professionals who may have inadvertently missed reporting overseas holdings.
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Epic CEO Tim Sweeney Is Not a Fan of AI Tags in Video Games; Explains Why
Epic CEO Tim Sweeney says AI labels on video games are unnecessary, arguing that most future titles will use the technology in some form. His comments follow platforms like Steam adding “Made with AI” tags, which some see as important disclosures. The industry remains divided, with some creators wary of AI’s impact on artistry while others em...
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Basel Committee of Banking Supervision Approves Crypto Asset Disclosure Framework for Banks
The BCBS has given a green light to a ‘disclosure framework’ that will detail how the exposure of banks with crypto assets should go about. The disclosure framework by BCBS directs banks to maintain public records of their crypto engagements and their exposure to these risky assets.
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EU Issues Warning to Crypto Influencers Before MiCA Legislation Goes Live
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 ...
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PM Modi's Assets Up By Rs 26 Lakh To Rs 2.23 Crore, Land Holding Donated
Prime Minister Narendra Modi owns assets worth over Rs 2.23 crore, mostly as bank deposits, but has no immovable properties as he has donated his share in a piece of land in Gandhinagar, according to his latest disclosure about assets.
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What You Need to Know About Crypto, NFT Laws in India
The Income Tax Department has come out with detailed disclosure requirements for TDS deductions for virtual digital assets, under which date of transfer and mode of payment will have to be specified. The 2022-23 Budget has brought in clarity with regard to levy of income tax on crypto assets. From April 1, a 30 percent I-T plus cess and surcharges,...
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IT Department Notifies TDS Disclosure Requirements for Crypto, Virtual Digital Assets
The income tax department has announcement TDS disclosure requirements for cryptocurrency, virtual digital assets. From July 1, 1 percent TDS will be charged on payments towards virtual digital assets or cryptocurrencies beyond Rs 10,000 in a year.
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Coinbase CEO Brian Armstrong Says Disclosure Does Not Indicate Bankruptcy Risk
Coinbase CEO assured no risk of bankruptcy in light of a disclosure in its latest quarterly. He made these comments after Coinbase said that, in the event of bankruptcy, crypto assets held by the exchange could be considered property of the bankruptcy proceedings and customers could be treated as general unsecured creditors.
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Indian Banks Pursue Vijay Mallya In UK High Court For Assets Disclosure
Two superyachts, a game reserve, numerous undeclared high-value and vintage cars, valuable paintings and a piano previously owned by Elton John are among the assets in contention as part of a latest legal claim by Indian banks against embattled liquor tycoon Vijay Mallya in the UK High Court on Monday.
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Apart From PM Narendra Modi, Only 15 Ministers Have Disclosed Assets
Prime Minister Narendra Modi has disclosed that he has assets worth two crores. He has shared details on a government website in keeping with a rule he introduced after taking office.
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Supreme Court Questions Vijay Mallya On Assets, Transfer Of 40 Million Dollars To Kids
Liquor baron Vijay Mallya, who is presently in the United Kingdom, was posed searching questions on Thursday by the Supreme Court which asked him about the "truthfulness" of his disclosure of assets and transfer of 40 million US dollars to his children.
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No Need For Employees To Declare Assets Till New Rules Framed: Centre
Central government employees, who had a December 31 deadline to declare their assets and liabilities under Lokpal Act, do not need to make the disclosure for now as government is finalising a fresh set of rules.
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Disclosure Of Big Defaulters' Names Will Not Lead Anywhere: Supreme Court
The Supreme Court today said that disclosure of names of debtors, who owe Rs 500 crore and more to banks, will not lead "anywhere" as the important issue is to address "root cause" of accumulation of non-performing assets (NPAs).
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Canada's Bill C-25 Clears Key Vote as Government Moves to Block Crypto Political Donations
Canada has proposed a bill to ban political donations made using cryptocurrency as part of broader election finance reforms. The move aims to improve transparency and reduce risks linked to traceability and compliance, reflecting increasing regulatory scrutiny of digital assets in the country.
-
Australia Mandates Financial Services Licences for Crypto Exchanges Under New Bill
Australia has introduced a new bill mandating financial services licences for cryptocurrency exchanges operating in the country. The move aims to align digital asset platforms with traditional financial regulations, improve investor protection, and enhance market transparency. Exchanges will be required to meet compliance and disclosure standards a...
-
Budget 2026 Proposes To Rationalise Prosecution Framework In Income Tax Act
At the centre of the overhaul is a onetime, sixmonth foreign asset disclosure window targeted at small taxpayers, including students, NRIs and young professionals who may have inadvertently missed reporting overseas holdings.
-
Epic CEO Tim Sweeney Is Not a Fan of AI Tags in Video Games; Explains Why
Epic CEO Tim Sweeney says AI labels on video games are unnecessary, arguing that most future titles will use the technology in some form. His comments follow platforms like Steam adding “Made with AI” tags, which some see as important disclosures. The industry remains divided, with some creators wary of AI’s impact on artistry while others em...
-
Basel Committee of Banking Supervision Approves Crypto Asset Disclosure Framework for Banks
The BCBS has given a green light to a ‘disclosure framework’ that will detail how the exposure of banks with crypto assets should go about. The disclosure framework by BCBS directs banks to maintain public records of their crypto engagements and their exposure to these risky assets.
-
EU Issues Warning to Crypto Influencers Before MiCA Legislation Goes Live
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 ...
-
PM Modi's Assets Up By Rs 26 Lakh To Rs 2.23 Crore, Land Holding Donated
Prime Minister Narendra Modi owns assets worth over Rs 2.23 crore, mostly as bank deposits, but has no immovable properties as he has donated his share in a piece of land in Gandhinagar, according to his latest disclosure about assets.
-
What You Need to Know About Crypto, NFT Laws in India
The Income Tax Department has come out with detailed disclosure requirements for TDS deductions for virtual digital assets, under which date of transfer and mode of payment will have to be specified. The 2022-23 Budget has brought in clarity with regard to levy of income tax on crypto assets. From April 1, a 30 percent I-T plus cess and surcharges,...
-
IT Department Notifies TDS Disclosure Requirements for Crypto, Virtual Digital Assets
The income tax department has announcement TDS disclosure requirements for cryptocurrency, virtual digital assets. From July 1, 1 percent TDS will be charged on payments towards virtual digital assets or cryptocurrencies beyond Rs 10,000 in a year.
-
Coinbase CEO Brian Armstrong Says Disclosure Does Not Indicate Bankruptcy Risk
Coinbase CEO assured no risk of bankruptcy in light of a disclosure in its latest quarterly. He made these comments after Coinbase said that, in the event of bankruptcy, crypto assets held by the exchange could be considered property of the bankruptcy proceedings and customers could be treated as general unsecured creditors.
-
Indian Banks Pursue Vijay Mallya In UK High Court For Assets Disclosure
Two superyachts, a game reserve, numerous undeclared high-value and vintage cars, valuable paintings and a piano previously owned by Elton John are among the assets in contention as part of a latest legal claim by Indian banks against embattled liquor tycoon Vijay Mallya in the UK High Court on Monday.
-
Apart From PM Narendra Modi, Only 15 Ministers Have Disclosed Assets
Prime Minister Narendra Modi has disclosed that he has assets worth two crores. He has shared details on a government website in keeping with a rule he introduced after taking office.
-
Supreme Court Questions Vijay Mallya On Assets, Transfer Of 40 Million Dollars To Kids
Liquor baron Vijay Mallya, who is presently in the United Kingdom, was posed searching questions on Thursday by the Supreme Court which asked him about the "truthfulness" of his disclosure of assets and transfer of 40 million US dollars to his children.
-
No Need For Employees To Declare Assets Till New Rules Framed: Centre
Central government employees, who had a December 31 deadline to declare their assets and liabilities under Lokpal Act, do not need to make the disclosure for now as government is finalising a fresh set of rules.
-
Disclosure Of Big Defaulters' Names Will Not Lead Anywhere: Supreme Court
The Supreme Court today said that disclosure of names of debtors, who owe Rs 500 crore and more to banks, will not lead "anywhere" as the important issue is to address "root cause" of accumulation of non-performing assets (NPAs).
