Cryptocurrency Analysis and News Portal
A bill updating Russia’s tax law to incorporate provisions pertaining to cryptocurrencies has been filed with the State Duma, the lower house of parliament. The legislation is tailored to regulate the taxation of sales and profits in the country’s market for digital assets. Russian Deputies to Review Law on Crypto-Related
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The bill regulating the cryptocurrency market in Brazil is expected to be approved by the National Congress in the first half of this year, according to Cryptox Brazil.The legislation, which has been debated in the Chamber of Deputies since 2015, has been approved in the first round of consideration. The
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The city-state'sTuesday passage of the law means such companies will have to meet anti-money laundering and anti-terrorism measures to which they were not previously subjected. Original Source
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The crypto tax law enforces a 30% tax on profits from crypto transactions, effective April 1. Traders will not be able to set off losses from other crypto transactions. Crypto gifts within a family would be exempt, but gifts above Rs. 50,000 ($660) outside the family would be taxable once
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2020 was a record year for ransomware payments ($692 million), and 2021 will probably be higher when all the data is in, Chainalysis recently reported. Moreover, with the outbreak of the Ukraine-Russia war, ransomware’s use as a geopolitical tool — not just a money grab — is expected to grow
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While many parts of Ukraine are still facing threats from Russia’s military, some residents, industry leaders and government officials are turning to digital assets for help in relocating people, funding humanitarian aid projects and getting supplies to its own soldiers.On Feb. 17, exactly one week before Russian forces began their
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The Indian Finance Bill 2022 with new 30% crypto tax rules was approved by the Rajya Sabha, the upper house of the Indian parliament, to make it a law today that will come into effect starting on April 1.The approval of the bill by the upper house of the parliament comes
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Amendments sought by the crypto industry were not accommodated and the policies will go into effect on April 1. Original Source
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Companies such as Google, Apple, Amazon and Meta could face fines as high as 20% of turnover as the EU seeks to stop “gatekeepers” curbing competition from smaller players. Source
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“The texts of the European Parliament and the Council converge to a great extent on the framework applicable” to the large-scale currency tokens that are most heavily regulated by the new law, said a document seen by CryptoX, prepared by French officials ahead of that meeting. Source
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