Regulations

You will be surprised to know that the South Korea Gift Tax policy now extends into the cryptocurrency domain. Want to know how and why? Well, we have curated the important points and information about the move. Overview Of South Korea Gift Tax Policy On Crypto On Monday, August 22, …

The California State Assembly passed a bill for crypto regulation that would be implemented for crypto exchanges operating in their jurisdiction. The Digital Financial Assets Law bill was passed on Tuesday, August 30, 2022. The bill was then forwarded to the hands of Gavin Newsom, the State Governor, who can …

Elizabeth Wong, who is the Director of Licensing and Head of the Fintech wing of Hong Kong’s Securities and Futures Commission (SFC), recently had a talk about regulations in the crypto domain concerning retail investors. This was a part of the discussion that was held by InvestHK on Monday. Hong …

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 …

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 …

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 …

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) …

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 …

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 …

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.  …