Coinroot

India’s CoinDCX has acquired the Dubai-based crypto trading platform BitOasis, aiming to broaden its reach into new markets. The Indian exchange previously invested in BitOasis in August 2023. Rapid Growth and Strategic Investments Since its inception in 2018, CoinDCX has grown to serve over 15 million users and offers more than 500 crypto assets, with […]

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Mudrex, a Bengaluru-based cryptocurrency investment platform, has partnered with the crypto tax computing platform KoinX. Through this collaboration, Mudrex’s users in India can efficiently manage their crypto taxation filings before the looming deadline. In India, crypto transactions attract a 1 percent tax deducted at source (TDS), and the finance authorities are closely monitoring the Web3 […]

By Hannah Lang (Reuters) – The U.S. Treasury Department finalized a rule on Friday requiring cryptocurrency brokers, including exchanges and payment processors, to report new information on users’ sales and exchanges of digital assets to the Internal Revenue Service related to New Crypto Tax Reporting Rules. Impact of New Crypto Tax Reporting Rules Requirements The […]

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Cryptocurrency adoption is accelerating worldwide, with significant growth in the UAE and Vietnam. Singapore, though a financial powerhouse, is slower to embrace digital currencies than its regional neighbors. New data from Triple-A shows notable differences in cryptocurrency engagement across various countries. Explore the latest statistics on global cryptocurrency adoption, with the UAE and Vietnam at […]

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Introduction of the $20 Million TON Ecosystem Fund VICTORIA, Seychelles, June 26, 2024 /PRNewswire/ — Bitget, the prominent cryptocurrency exchange and Web3 company, has announced a $20 million TON Ecosystem Fund in partnership with the Singapore-based investment firm Foresight Ventures. This fund aims to support early-stage projects building on The Open Network (TON). This strategic […]

The Nigerian securities regulator announced on June 21 that it had updated the digital asset rules to expand their scope and introduced an accelerated process for onboarding virtual asset service providers. The Accelerated Regulatory Incubation Programme provides VASPs with insights into the Commission’s expectations before they fully commence operations. Regulator Threatens Enforcement Action Against Non-Compliant […]

3iQ, a prominent Canadian investment management firm, announced on Thursday their submission of a prospectus to the Ontario Securities Commission (OSC) for launching a novel exchange-traded product (ETP) on the Toronto Stock Exchange (TSX). This ETP, exclusively focused on Solana (SOL), is named “Solana Fund” and will trade under the ticker QSOL upon OSC approval, […]

Financial Penalty Imposed by India’s FIU The Financial Intelligence Unit (FIU) of India has levied a substantial fine of $2.2 million (approximately Rs 18.82 crore) on Binance, the largest global cryptocurrency exchange. Conditional Approval Granted to Restart Services Binance has received conditional approval from India’s anti-money laundering agency to restart its operations in India, following […]

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Renewed Leadership in India’s Finance Ministry India recently wrapped up its general elections on June 1, with results paving the way for Narendra Modi’s third consecutive term as Prime Minister. Nirmala Sitharaman, now re-assigned as the finance minister after her initial stint in 2019, rejoins Modi’s cabinet. The Indian crypto community offers varied responses to […]

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GoPlus is developing a permissionless, modular Web3 cybersecurity layer that can integrate with any blockchain network. The company also plans to launch a token for gas fees and to incentivize developers to use GoPlus services. Web3 cybersecurity firm GoPlus has secured $10 million in a private financing round, attracting top crypto investors like OKX Ventures, […]