Regulation

Singapore tightens laws for crypto companies in a cautious bid to embrace the industry

Singapore’s parliament has passed an omnibus bill that will expand the powers of its primary market watchdog and introduce tighter regulation...

PBoC: Digital yuan trial expands to 11 more cities

On March 31, 2022, the People’s Bank of China held a symposium on the pilot work of digital RMB (digital yuan) research and...

Trading volume drops as 30% capital gains tax on crypto tax goes into effect in India

The new crypto tax regime in India has finally gone into effect, and it appears to be affecting the trading volume...

Senator Lummis says Bitcoin is a commodity and will become a currency soon

The U.S. Senator from Wyoming, Cynthia Lummis, recently championed Bitcoin as a future currency in an interview. The interview started with...

Crypto miners strike gold in Oklahoma as state introduces new tax incentives

Oklahoma lawmakers are in the final stages of introducing legislation that would make the state the new cryptocurrency mining hub in...

Australia continues regulation drive with new policy targeting crypto and financial influencers

The Australian Securities and Investments Commission (ASIC) has issued new warnings to financial influencers. This was contained in its Information Sheet, highlighting...

UK begins campaign to become crypto “world leader” with an NFT

The UK announced plans to mint an NFT and said it want to bring stablecoins into the country’s payments framework to...

Will Indonesia’s decision to tax crypto stifle local adoption?

Indonesia is the latest Asian country to announce intentions to impose a tax scheme on all crypto transactions and income tax...

Former Indian chief minister likens crypto to gambling, calls for higher taxation

A former Indian chief minister said “crypto is gambling” and urged the government to raise the taxes imposed on virtual assets.“Crypto...
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