Regulations

Titles VI and VII of the Responsible Financial Innovation Act, which have been introduced by Cynthia Lummis and Sens. Kirsten Gillibrand, would authorize the chartering of unsound, unsafe, and uninsured stablecoin financial institutions. The Lummis-Gillibrand crypto bill ignores important lessons from the last 50 years of financial regulation and could …

Indian Finance Minister, Nirmala Sitharaman finally shed light on the taxation of liabilities of digital assets like cryptocurrency and stated that income from any source of digital assets will be taxed at 30%. This is not it. There are various other regulations that came out under the crypto budget 2022.  …

Singapore, which is the leading economy in Southeast Asia, has long been known for welcoming innovations, specifically in the fintech industry as a fuel to navigate growth. With the adoption of innovation arrives a forward looking innovation of digital currencies and blockchains, that attract startups from across the globe, with …

The latest legislation known as the “Crypto Asset Marketing Framework” was introduced in the Peruvian Congress on December 20, 2021. The draft that was released focused on regulating the digital currency business in the nation. The latest Peru crypto regulation would also define crypto assets and clearly illustrate the duties …

Digital currency is increasing in popularity in India as an investment option and also as a payment means by companies for their services and products. This brings the question of how the Indian crypto tax will work. The Framework Of Indian Crypto Tax While the RBI (Reserve Bank of India) …

A new bill will allow cryptocurrency payments in Ukraine like Bitcoin, despite refusing to accept digital currency as a legal tender, a government official said.   What Made Cryptocurrency Payments In Ukraine Possible? The deputy minister Oleksandr Bornyakow of the Ministry of Digital Transformation, Ukraine is confident about the fact that …

Just like the .com stocks in the 1990s and the gold in the 1850s, everybody is trying to grab the cryptocurrencies. So now the question that arises is can you buy cryptocurrency with credit cards? Yes, now buying digital currencies with a credit card is possible but can be a …

Dollar pegged digital currencies are rising and that has been taken into notice by the U.S regulators. So they have put stablecoins under scrutiny.  On Monday, the Treasury Secretary Janet Yellen gathered a group of working Federal Agencies to talk about the future risks of stablecoins, which are digital currencies …

The financial authorities of Mexico on Monday asserted that digital currency assets are not legal tender in Mexico and are not considered as any currency under the prevailing law. The Mexico crypto warning says that any entity that works or operates with crypto will be subject to sanction.  This Bank …

On June 9, Wednesday, the legislative assembly of Salvador created history by officially accepting Bitcoin as a legal tender. They had three fourths of the legislature voting for their favour. If the El Salvador Bitcoin Law works as expected then it has the potential to alter El Salvador into one …