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India, the world’s largest democracy, may make its tax policy clearer by tweaking the definition of crypto or virtual digital assets. According to a report by CNBC TV-18, the Indian government is likely to tweak the definition to clarify that only cryptocurrencies, crypto tokens, NFTs and vouchers fall under the
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Monetary Weapons: 4 Lessons from Canada and Russia Original Source
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Blockchain gaming firm Animoca Brands has revealed the company is breaking ties with Russian users following the Ukraine invasion that started seven days ago. Animoca Brands co-founder Yat Siu noted in an interview that the company received legal advice about the situation and the Animoca executive compared the newly sanctioned
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This morning, the crypto market registered gains, with most top 10 cryptocurrencies registering positive numbers over the past 24 hours. In a move to support Ukraine Apple has joined other major tech firms in Boycotting Russia. As a result, customers living there can no longer buy any of their products or
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The country, which relies on Russia for about half its arms and other military equipment, has been cagey in its response to the attack. It was one of just 35 countries on Wednesday to abstain in a UN General Assembly vote to condemn the Russian action. (Five countries, including Russia,
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Federal Reserve Chair Pro Tempore Jerome Powell and some members of the United States House of Representatives called for congressional action on crypto in response to discussions about Russia potentially evading sanctions.In a Wednesday hearing of the House Financial Services Committee on “Monetary Policy and the State of the Economy,”
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The move is aimed at halting capital flight from the country, which has been hit with increasingly harsh economic sanctions from the U.S. and Europe after it invaded Ukraine on Feb. 24. A growing list of Western companies, including BP and Shell, have announced plans to halt investments in Russia
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Experts on crypto policy argue that concerns expressed by high profile politicians about Russia evading economic sanctions using cryptocurrency are “totally unfounded.”They say the crypto market is not nearly large enough nor deep enough to support the volume that Russia needs and that the country’s digital asset infrastructure is minimal.
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Brokers will not be able to execute trades on Russian equities for non-residents as central bank prepares for a tumultuous market opening. Source
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The address in question has been active since at least August 2021, but the vast majority of the 1,847 recorded transactions took place in February, many of them in the last 72 hours. According to Elliptic's Tom Robinson, the charity received a single $3 million donation in bitcoin on Friday,
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