Tags : laws

Regulation

US Senator says proposed crypto laws are a ‘huge mistake’

In one of the earliest opposition to the move to adopt the provision of a crypto tax provision in the $1.2 trillion infrastructure bill, United States Senator, Mike Lee, has raised concerns that the move would send more citizens below the poverty benchmark line. While warning that passing the legislation, which he describes as being […]Read More

Regulation

RBI governor “surprised” that Indian banks cited 2018 laws to

Reserve Bank of India (RBI) governor Shaktikanta Das said this week the central bank has ‘no change’ with regards to its approach towards the crypto sector, local outlet Business Standard reported today. Crypto surprise Das stated he was “surprised” with local banks citing a (void) circular from 2018 for denying services to crypto businesses and […]Read More

Regulation

Korean crypto exchanges could face harsh laws if new proposal

The ruling party of South Korea has proposed a new bill that aims to limit crypto-related companies’ ability to trade digital assets and increase their liability in case of a hack, local news outlet Naver reported today. The enactment, dubbed “Virtual Assets Act” and presented by the Democratic Party lawmaker Lee Yong-woo, will prohibit crypto […]Read More

Regulation

Korea weighs delaying crypto taxation laws to appeal to young

South Korean officials are in talks to delay a crypto taxation law scheduled for later this year, as per a report by local daily Hankyung today. The country boasts one of the highest crypto trading volumes, recently even surpassed those of its stock market, with youngsters—plagued with a slow economy and high unemployment—said to turn […]Read More

Bitcoin

Despite no laws, Indian minister says traders must pay taxes

An official from India’s ministry of finance said Monday that all gains from trading cryptocurrencies like Bitcoin were liable to income tax, as per a report on markets outlet Financial Express. The sector exists in a legal grey area in the country, and investors were so far (seemingly) confused about whether to declare their gains […]Read More