Cryptocurrency Analysis and News Portal
The Indian Parliament will consider a government-introduced bill that would ban private cryptocurrencies in its upcoming budget session. Given the ruling party controls both houses of Parliament, the chances of the bill’s passage are considered good.According to the Lok Sabha Bulletin published Friday, the Cryptocurrency and Regulation of Official Digital
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South Korea’s Presidential Committee on the Fourth Industrial Revolution (PCFIR) is advocating that the Korean government makes cryptocurrencies mainstream by introducing friendly regulations that will help to integrate distributed ledger technology (DLT) powered digital assets into the traditional financial world, according to an Ibtimes report. PCFIR Push to Make Cryptocurrency Mainstream Per
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Cryptocurrency and taxation laws are creating a great deal of confusion in South Korea.On Dec. 30, South Korea’s government stated that under current law, it cannot impose income taxes on individuals’ profits from transactions of cryptocurrency. This, however, contrasts with the National Tax Service’s recent imposition of an 80
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South Korea’s National Assembly’s policy committee passed a bill on Tuesday, adding new amendments to the Act on Reporting and Using Specified Financial Transaction Information that will create a groundwork for digital currencies by classifying them as virtual assets.One of Korea’s financial regulator, the Financial Services Commission (FSC), claims that
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Wyoming is leading the race to enact crypto friendly legislation to stir crypto activity in the US state.Before 2019, the western state has been conservative with its approach towards money-transmission. However, a new generation of lawmakers are turning the tide and transforming the financial thread of the state to allow
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It seems like China is finally ready to take the bull by the horn. Instead of running away from the emerging technology and missing out on all it has to offer, the government of China has devised a safe means to leverage its untold potential, without necessarily getting burnt.Impossible, you
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US Congressman Patrick McHenry is introducing (again) the Financial Services Innovation Act (2019), which first saw light in 2016. If passed, this would require the federal regulators to create Financial Services Innovation Offices (FSIOs) within their agencies. These will act as spots for permanent beta testing in which entrepreneurs can
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Senate bill 1025, which aims to completely ban the use of Venezuela’s cryptocurrency Petro, can have disruptive consequences for the sustainability of cryptocurrencies in the U.S. digital markets.Last year, Donald Trump signed an executive decree that prohibited U.S. citizens from owning and trading in Petro, the Venezuelan government cryptocurrency backed
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Crypto experts are willing to bet their buck on the potential for crypto regulations in India that are poised to create economic opportunities for India whose economy is in a recession with increasing unemployment rates and a GDP growth rate that is decelerating.Think tanks in the country are converging on
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