Reserve Bank of India mulls first steps toward an eventual CBDC
RBI is looking for ways to test a CBDC while causing little to no disruption for the bank’s status quo. Go to Source Powered by WPeMatico
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Get a passport, pay crypto, live tax-free?
Most transfers of cryptocurrency are taxable, unless the transfer is qualified as a gift or a charitable contribution. Go to Source Powered by WPeMatico
Turkish Draft Law Regulating Cryptocurrencies Enters Parliament in October
The Turkish government has prepared a bill designed to implement new regulations for the country’s crypto space. The legislation, which will be filed in the parliament this fall, will introduce taxation for crypto holdings and specific capital requirements for companies operating with digital assets. New Legislation to Regulate Turkey’s Crypto Market Following in the footsteps … Read more
New EU proposal looks to tighten regulations for sending cryptocurrency
The European Commission looks to block large anonymous transfers of cryptocurrency in an effort to limit money laundering activity. Go to Source Powered by WPeMatico
Bank of Korea selects Kakao’s blockchain arm for digital won tests
ConsenSys, a major Ethereum software company, will contribute its technology to South Korean CBDC simulations led by Ground X. Go to Source Powered by WPeMatico
Indian regulator probes crypto exchange for alleged forex law violations
The Directorate of Enforcement issued a show-cause notice to the crypto exchange for allowing clients to transfer cryptocurrencies without following the law of the land. Go to Source Powered by WPeMatico
Turkey’s crypto bill ready for parliament, says Deputy Minister of Finance
The legal draft places a minimum capital requirement for crypto businesses operating in Turkey. Go to Source Powered by WPeMatico
Japan to reportedly take action to scrutinize crypto globally
Japanese Ministry of Finance is hiring more staff to develop stricter global rules for digital currencies, particularly fiat-pegged stablecoins. Go to Source Powered by WPeMatico
Tennessee city wants to accept property tax payments in Bitcoin
Jackson Mayor Scott Conger believes that Bitcoin is the only solution to fix inflation and the U.S. dollar devaluation. Go to Source Powered by WPeMatico
US government delves deeper into crypto accountability with $10M bounty
The Biden administration reportedly intends to ramp up efforts to trace cryptocurrency payments. Go to Source Powered by WPeMatico