India’s crypto exchanges are demanding that the country’s central bank provide clear guidelines regarding taxation. Following the Supreme Court’s reversal of the Reserve Bank of India’s ban on financial institutions providing banking services to crypto firms, the country’s digital asset exchanges are seeking clarity on their taxation obligations. On May 4, India Times reported that […]
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Leading figures in India’s crypto industry are reading positive signs from Facebook’s $5.7 billion investment in India’s largest mobile operator. Leading figures in India’s crypto industry are reading positive signs from Facebook’s $5.7 billion investment in India’s largest mobile operator. First reported on April 22, Facebook’s deal with Jio Platforms — the digital technology unit […]
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The coronavirus pandemic is changing the global narrative about the crypto space, India is not the exception: What to expect in crypto law updates from India? In one of 2020’s biggest stories about cryptocurrencies so far, the Indian Supreme Court struck down a blanket ban on trading cryptocurrencies issued by the Reserve Bank of India […]
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An overview of 2020’s four most significant regulations for cryptocurrency exchanges around the world. The lack of uniformity among different jurisdictions’ cryptocurrency laws makes it difficult for crypto exchanges seeking to expand to new markets. While some countries are embracing and fostering innovation, others are more hostile to Bitcoin (BTC) and other cryptocurrencies. Further exacerbating […]
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Binance’s CEO has revealed that the exchange puts 25% of its profits towards investment opportunities each year. The chief executive of major cryptocurrency exchange Binance, Changpeng Zhao — often known as CZ — has revealed that the firm diverts a quarter of its profits into investment opportunities. Zhao’s comments follow Binance’s completion of several recent […]
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Indian crypto exchange BuyUCoin has sealed regulatory approval from Estonia’s financial watchdog to expand its services abroad. Indian crypto exchange BuyUCoin has sealed regulatory approval from Estonia’s financial watchdog to expand its services abroad. Speaking to Cointelegraph, the exchange’s CEO Shivam Thakral revealed that the platform had received its crypto-fiat license in late 2019, followed […]
Continue ReadingThe SEC has opposed Telegram’s request for clarification as to whether the injunction granted against its Gram distribution has jurisdiction outside of the United States. The United States Securities and Exchange Commission has opposed Telegram’s request for clarity regarding the geographic scope of a court injunction barring the company from distributing its Gram (GRAM) tokens. […]
Continue ReadingClimate change caused by carbon emissions might be one reason for such a terrible global COVID-19 pandemic scenario. JPMorgan Chase, the first American bank to create and successfully test a digital coin representing a fiat currency, also provided the most fossil fuel financing out of any bank in the world, according to a 2019 report […]
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The industry is seeing a renaissance following India’s Supreme Court revoking the RBI’s crypto ban, but there is still a long way to go. Among industry participants and investors, India is emerging as a market to watch for following the overturn of a crypto ban that was placed by the Reserve Bank of India back […]
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The court sided with the SEC and prohibited Telegram from releasing Gram tokens, but the community says it can still launch the network. As Telegram’s legal battle with the United States Securities and Exchange Commission continues to unfold, the U.S. authorities have convinced the judge to bar the company from issuing Gram tokens — at […]
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