Singapore’s Monetary Authority is currently weighing the possibility of stricter crypto regulations. This was contained in a letter sent by the regulator to the country’s parliament on Monday. A Legis...
Tag: impose
Would The Russian Lawmakers Impose Fines On Illegal Crypto Issuance Or Exchange?
Russia has recently taken another move in order to regulate cryptocurrencies as they introduce a new bill. The Russian authorities have put forward a bill as they plan to govern the issuance of ...
Portugal to Impose Taxes on Cryptocurrencies
Portugal’s government has announced plans to tax crypto income. Fernando Medina, Portugal’s new finance minister, announced in the parliament on Friday that crypto coins will be subject to taxa...
India plans to impose a 28% Good and Services Tax on cryptocurrency
At the next Good and Services Tax (GST) Council meeting, officials in India are anticipated to look into implementing a 28% tax on crypto-related transactions and services. The top decision-making bod...
India Plans to Impose 20% Tax on DeFi Transactions
India’s Central Board of Direct Taxes (CBDT) is planning on levying a 20% tax on interest earned from investing in decentralized finance (DeFi). Local news agency, the Economic Times, reported the dev...
India Set to Impose a New 20% Tax on Cryptocurrencies
India is seeking new ways to tax citizens by levying charges on crypto income derived outside of the country. The tax department is mulling over the option to impose additional taxes on cryptocurrency...
Indonesia Set to Impose Income Tax on Crypto Assets from May
Indonesia, the largest economy in Southeast Asia, announced plans to charge value-added tax (VAT) on crypto-asset transactions as well as an income tax on capital gains from such investments at 0.1% e...
Indonesia Set to Impose Income Tax on Crypto Assets, Starting from May
Indonesia, the largest economy in Southeast Asia, announced plans to charge value-added tax (VAT) on crypto-asset transactions as well as an income tax on capital gains from such investments at 0.1% e...
Indonesia to impose 0.1% crypto tax starting in May: Report
The Indonesian government is reportedly planning to charge a 0.1% capital gains tax on crypto investments as well as a value-added tax, or VAT, on digital asset transactions starting from May 1. Accor...
Indonesia to impose 0.1% income tax for crypto transactions: report
An Indonesian tax official said Friday that the country plans to impose certain tax rates for crypto transactions. Reuters reported that Hestu Yoga Saksama told a media briefing that crypto transacti...
EU Parliament Votes to Impose KYC on Private Crypto Wallets
The EU Parliament has voted today to impose new regulatory measures that would essentially prohibit anonymous cryptocurrency transactions. The vote was first reported by CoinDesk, and soon after confi...
Singapore Will Impose Additional And Cryptocurrency Transactions Prohibitions On Russians
According to official figures from the Ministry of Commerce and Industry, Singapore’s trade with Russia was $3.7 billion last year. The island nation got only about 0.8% of its overall imports f...
G7 and EU Impose Fresh Crypto Sanctions on Russia
Key Takeaways G7 member countries, alongside the EU, imposed further sanctions on Russia today. A prominent theme of the new sanctions was the need to crack down on the use of cryptocurrency to circum...
Singapore to Impose Restrictions on Russian Financial and Crypto Transactions – Bitcoin News
In a rare move, Singapore is going to introduce restrictions on certain Russian financial transactions and crypto operations aimed at evading sanctions. The decision comes amid officially expressed co...
Coinbase Ready To Ban All Russian Users If Government Decides To Impose A Ban
Advertisement     Brian Armstrong, CEO of Coinbase has announced that his crypto exchange is ready to clamp on all Russian users should the U.S. government decide to i...
European markets open sharply lower as EU countries impose sanctions on Russia
European stocks have opened sharply lower on Monday, with major losses recorded across banks as countries ramp up sanctions against Russia. The pan-European Stoxx 600 fell 1.7% in early morning action...
Why did the SEC impose a fine of $100 million on this crypto lending platform
United States Security and Exchange Commission is an independent agency that works for enforcing the law against market manipulation This time the SEC slapped a well known crypto lending platform, Blo...
Biden Tells Putin U.S. Will Impose ‘Swift And Severe Costs’ If Russia Invades Ukraine
Topline President Joe Biden told Russian President Vladimir Putin in a phone call Saturday that a Russian invasion of Ukraine would lead to “swift and severe costs” for Russia, along with “widespread ...
After a Court Battle, the IRS Might Not Impose Income Taxes on Unsold, Staked Crypto
The United States Internal Revenue Service (IRS) could stop taxing digital assets obtained through staking. The agency added that it will refund the tax paid by a Nashville couple on tokens they had e...
Hong Kong Regulators Impose Limits on Investing in Spot Crypto ETFs
Hong Kong financial regulations have published new guidance New rules single out products like spot ETFs The new guidelines were published on Friday Hong Kong monetary controllers have distributed n...
UK to impose strict restrictions on misleading crypto ads
In a bid to restrict misleading ads concerning cryptocurrency, the UK Treasury on Tuesday announced its plans to regulate cryptocurrency advertisements as other financial products and ensure that the ...
Thailand to Impose 15% Tax on Crypto Profits
Authorities in Thailand have decided to implement a taxation structure on all cryptocurrency gains, levying 15 percent capital gains on all crypto profits. Citing an anonymous source within the Financ...