First announced by India’s finance minister in February, the amendment to existing laws proposed a 30% tax targeting digital asset transactions.
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First announced by India’s finance minister in February, the amendment to existing laws proposed a 30% tax targeting digital asset transactions.
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The central bank warned people to be mindful of “the risks of misleading advertisements, particularly on social media, where influencers are being paid to advertise crypto assets.”
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According to the OECD, the crypto market posed a “significant risk” around tax transparency, claiming that any gains will eventually be lost without additional safeguards.
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The emirate’s special economic zone might grant licensed exchanges the right to trade nonfungible tokens.
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The regulator said it will extend its window for the decision on WisdomTree’s Bitcoin investment vehicle to May 15 and One River’s to June 2.
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