Tag: cryptocurrency

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Russia Proposes 15% Tax on Crypto and Mining Restrictions

Russia is proposing a 15% tax on cryptocurrency earnings, signaling a shift in regulations for crypto miners and transactions. The draft amendment, introduced by the Ministry of Finance on Monday, aims to create a structured framework for cryptocurrency taxation and mining operations in the country. New Russia Crypto Tax Framework The proposed legislation includes a […]
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WazirX Plans to Launch New Decentralized Exchange

Summary To resume trading on its platform, WazirX is implementing a Singapore scheme of arrangement. Zettai Pte Ltd, which manages WazirX’s crypto assets, is also launching a new decentralized exchange (DEX) to support recovery efforts. This scheme aims to provide liquidity and additional recovery options to WazirX users through rebalancing and tokenization. Hacked cryptocurrency exchange […]
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Trump Launches Crypto Platform to Make U.S. Crypto Capital

Donald Trump introduced a new crypto platform, World Liberty Financial, with his sons promoting it across social media. Despite once being critical of Bitcoin, Trump has now embraced the crypto space, offering a governance token for accredited investors. On September 16, Donald Trump and his sons, Donald Jr. and Eric, promoted the launch of the […]
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HSBC Australia Blocks Cryptocurrency Exchange Transactions

HSBC Australia has announced it will block customer payments to cryptocurrency exchanges starting July 24 due to concerns over customer protection. HSBC Blocks Crypto Payments In a July 24 email to customers, HSBC Australia detailed its “new safety measures,” stating: “From 24 July 2024, HSBC will block payments from bank accounts and credit cards that […]
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Crypto Policy Discussion Paper To Release Before September

India is set to unveil a discussion paper on its crypto policy by September, as announced by Economic Affairs Secretary Ajay Seth. The paper aims to gather feedback from relevant stakeholders on proposed regulations to foster the growth of the crypto market. Expanding Regulatory Scope Seth highlighted that, at present, cryptocurrencies in India are regulated […]
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Indian Crypto Exchange Coindcx Acquires Dubai’s BitOasis

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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UAE Leads in Global Crypto Adoption, Vietnam Second

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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India’s Finance Minister’s Return Leads to Crypto Tax Speculation

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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South Korean Altcoin Craze Sparks Crypto Boom

Interest in altcoins might be the key factor as South Korean interest in alternative cryptoassets keeps growing, a new report has claimed. According to the South Korean media outlet Kyunghyang Games, the findings were published in a report on the nation’s crypto community by the blockchain market consultancy DeSpread. The report’s authors mentioned that “altcoin […]
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US House Passes Crypto Bill Despite Warnings from SEC

The U.S. House of Representatives on Wednesday approved a bill aimed at establishing a new legal framework for digital currencies, despite an unusual warning from the U.S. securities regulator about potential financial risks. The Financial Innovation and Technology for the 21st Century Act, sponsored by Republicans, passed with a bipartisan 279-136 vote. It remains uncertain […]
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