Finance Minister – DIGIT INFO

Russia is free to use Bitcoin in foreign trade, says finance minister

DIGIT — Wed, 25 Dec 2024 14:09:43 +0000

Russia has all legal tools to use digital financial assets and Bitcoin in foreign trade, Finance Minister Anton Siluanov said.

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Thailand distributing digital money to 45M citizens to boost economy

DIGIT — Wed, 24 Jul 2024 16:11:48 +0000

The controversial plan began as a campaign promise and will help lower-income Thais buy more.

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UK Treasury Budget Discusses Separate Reporting of Crypto Assets in Tax Documents

DIGIT — Thu, 16 Mar 2023 02:49:56 +0000

Taxpayers in the United Kingdom will have to report cryptocurrency assets separately in their tax documents for the tax year 2024-25, according to the Exchequer’s recently published spring 2023 budget. New Criminal Offenses Planned by U.K. Government to Combat Tax Avoidance Amid the chaos in the banking sector following the collapse of Silicon Valley Bank’s […]

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India Highlights Need for ‘Common Approach to Regulating Crypto Ecosystem’

DIGIT — Wed, 01 Feb 2023 10:20:07 +0000

India’s Finance Ministry has highlighted the necessity for “a common approach to regulating the crypto ecosystem” in its flagship Economic Survey this year. “Crypto assets are self-referential instruments and do not strictly pass the test of being a financial asset because it has no intrinsic cashflows attached to them,” the Indian government stated. Finance Ministry’s […]

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Saudi Arabia Open to Trading in Currencies Other Than US Dollar, Signaling a Shift Toward De-Dollarization

DIGIT — Thu, 19 Jan 2023 15:30:17 +0000

After a 48-year relationship solely with the U.S. dollar, Saudi Arabia’s Finance Minister, Mohammed Al-Jadaan, said the kingdom is open to trading in currencies other than the U.S. dollar. The statements follow China’s president, Xi Jinping, urging the Gulf monarchs to accept yuan for oil, and Riyadh officials saying last March the country would consider […]

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Member of St. Maarten’s Parliament Plans to Have His Entire Salary Paid in Bitcoin Cash

DIGIT — Sat, 19 Mar 2022 19:30:53 +0000

On Saturday, the leader of the United People’s Party and member of St. Maarten’s Parliament, Rolando Brison, announced that he’s become the first elected official to request his entire salary paid in bitcoin cash. Brison believes St. Maarten can be the “Crypto Capital of the Caribbean,” as long as his country continues to embrace blockchain […]

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Banning Crypto Is Like Banning Internet in Russia, Finance Minister Says Amid Differences With Central Bank

DIGIT — Thu, 17 Feb 2022 21:00:10 +0000

It’s impossible to ban cryptocurrencies in Russia, the country’s minister of finance has stated in his first comments on his department’s latest disagreements with the Russian monetary authority. The two institutions are reportedly failing to reach consensus on crypto regulation but the treasury intends to submit draft legislation despite their differences. Disagreements on Future of […]

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60,000 Indians Petition Government to Lower Crypto Tax to Avoid ‘Devastating Impact’

DIGIT — Fri, 04 Feb 2022 16:30:39 +0000

Many Indians have signed a petition for the government to introduce reasonable crypto tax policies. This week, India’s finance minister, Nirmala Sitharaman, proposed taxing crypto income at 30%. Indians Sign Petition Urging Government to Rethink Crypto Tax Proposal A petition has been initiated on Change.org for the government of India to “introduce reasonable crypto tax […]

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Serbia Reviews License Applications From 3 Cryptocurrency Exchanges

DIGIT — Sun, 26 Dec 2021 05:30:54 +0000

Three crypto exchanges have applied for licensing in Serbia, which recently adopted legislation regulating its digital asset space. The government in Belgrade expects the companies to obtain authorization within weeks and offer Serbs the option to buy and sell cryptocurrencies legally. Crypto Trading Platforms and Token Issuers File for Licenses in Serbia Authorities in Serbia […]

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India’s Cabinet Note Indicates No Crypto Ban — Government Will Regulate Crypto Assets: Report

DIGIT — Fri, 03 Dec 2021 15:30:45 +0000

India is no longer planning to ban cryptocurrency, a cabinet note circulated by the government reportedly indicates. Activities relating to crypto assets will be regulated by the Securities and Exchange Board of India (SEBI). Crypto Will Not Be Banned in India, Cabinet Note Indicates Despite reports of the Indian government planning to ban cryptocurrencies, NDTV […]

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