Cryptocurrency Analysis and News Portal
Gary Gensler, chair of the United States Securities and Exchange Commission, or SEC, has cited concerns about cryptocurrency enforcement in its budget request for the next fiscal year.In written testimony for a Wednesday hearing of the U.S. House Committee on Appropriations, Gensler said he supported President Joe Biden’s request to
Read More
Gary Gensler, the head of the Securities and Exchange Commission, made a pitch for a higher budget Wednesday, telling lawmakers in the U.S. House of Representatives that he wants to do more as a cop on the cryptocurrency beat. He cited the collapse of TerraUSD (UST) as evidence for the
Read More
U.S. President Joe Biden released his 2023 budget proposal on Monday, and in it, his administration is seeking to modernize rules around digital assets that it says would generate an additional $11 billion in revenues by 2032, as well as expand the Department of Justice’s ability to counter cyber threats
Read More
Individuals, on the other hand, may be better able to take advantage of crypto. Even here, however, it seems unlikely there will be any crypto-for-sanctions-evasion at scale. Several Treasury officials, on the record, have said they’re not concerned about this issue. Source
Read More
The Indian government may be seeking to define just what is or is not a non-fungible token (NFT).Indian Finance Minister Nirmala Sitharaman announced the nation's budget on Tuesday, revealing it will tax digital assets at a 30% rate. A different section, however, is raising more alarm within the crypto industry.The
Read More
India’s cryptocurrency ecosystem is eagerly hoping for a hint of regulation from the government come Feb. 1, 2022.India’s Finance Minister Nirmala Sitharaman will present the nation’s budget at the beginning of the month, considered the most important financial day of the year for the world’s largest democracy.The speech sets the
Read More
An Indian industry association has written to the country’s finance minister seeking clarity on cryptocurrency taxation in Union Budget 2022-23. “The budget should ideally offer coherent rules on direct taxation and the GST Council should detail the applicability of taxation, else there will be confusion.” Industry Wants Clarity in Crypto Tax
Read More
“It is critical for the Union Budget to clearly lay down taxation clarity around crypto assets by formally naming them in tax laws,” said a letter to India’s Finance Minister by IndiaTech.org, an industry body of startups including crypto exchanges. The group plays an active part in discussions about policy
Read More
The Laos government’s pilot project to explore cryptocurrency mining and trading is expected to bring in roughly $194 million towards the country’s total domestic revenue projected for 2022.According to a Nov. 2 report from Malaysian news outlet The Star, the Laotian government’s recent bid to capitalize on China’s crypto mining
Read More
The Indian government is likely to regulate cryptocurrencies in its upcoming budget in February, moving away from its earlier approach of seeking to impose an outright ban, according to a Business Today report. A law covering cryptocurrencies will most likely be discussed in the country’s next general budget, the report said,
Read More