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Blockchain & crypto news from India

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Blockmagic

Blockchain & crypto news from India

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Category: Europe

Lugano accepts bitcoin
Bitcoin

Switzerland’s City of Lugano goes “full Bitcoin”

  • Blockmagic
  • Posted on January 7, 2023

One can live entirely on Bitcoin and Tether in the City of Lugano located in the southern-most part of Switzerland. The news was shared by Lugano Plan ₿, which is a a joint initiative between the City of Lugano and Tether, and will be holding a forum this year in October, to be organized by…

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crypto tax
Crypto tax

Italy imposes 26% tax on crypto profits on gains over $2,000

  • Blockmagic
  • Posted on January 5, 2023

Italy, among the top ten crypto friendly countries, has levied a capital gains tax (with loss set off) on gains above Euros 2,000 (a little above $2,000). The tax is applicable for trading of virtual assets, defined as electronic value operating on distributed ledger or similar technology. Before this, Italy defined cryptocurrencies as virtual currencies…

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UK crypto
Crypto tax

UK inches closer to include crypto as regulated financial instrument

  • Blockmagic
  • Posted on October 26, 2022

The UK has taken a new step towards regulating crypto assets, with the lower house of parliament adding crypto assets to the list of activities that would be regulated by the upcoming Financial Services and Markets Bill. The Bill will also issue rules to govern stable coin payments. The UK has held positive views on…

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global crypto adoption rankings
Global regulations

Financial Stability Board (FSB) Publishes Crypto Regulation Framework Report

  • Blockmagic
  • Posted on October 21, 2022

The Financial Stability Board (FSB), a worldwide financial organization affiliated with the G20, has released a paper calling for the cryptocurrency market to be regulated at the global level. According to the FSB, the cryptocurrency market is developing quickly to the point where more targeted control is required. A list of inquiries has been released…

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CBDC world status 2022
Ban on crypto

Confirmation of EU’s Crypto Services Ban For Russia

  • Blockmagic
  • Posted on October 7, 2022

In response to what it refers to as “sham” secession votes in four regions of Ukraine, the European Union has confirmed a broad ban on offering crypto services to Russians. At the same time, sanctions are being tightened. CoinDesk broke the story first last week. After the invasion of Ukraine in February, the union enacted…

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global crypto adoption rankings
World crypto adoption

New Crypto Adoptions in Spain, Kazakhstan

  • Blockmagic
  • Posted on October 3, 2022

It’s something crypto holders have always wanted – to be able to pay utility bills and buy stuff with bitcoin and crypto. Spain, where the legal status of cryptocurrencies is not clearly set up, has taken a step forward, with its largest telecom company Telefónica allowing customers to pay bills in bitcoin. Telefónica has partnered…

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global crypto adoption rankings
Global Crypto Regulations

EU Finalizes Landmark Crypto Regulations Under MiCA

  • Blockmagic
  • Posted on September 27, 2022

The Markets in Crypto Assets (MiCA) law has been finalized by the European Union. Although the text is still officially up for comments, insiders briefed on the negotiations have told CoinDesk that it has been completed. The bill’s provisions may even apply to some assets classified as non-fungible tokens, according to a leaked draft that…

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Global regulations

Binance’s CZ: “Fantastic,” Strict Crypto Rules in Europe for Stablecoins

  • Blockmagic
  • Posted on September 16, 2022

Changpeng Zhao, called CZ, the founder and CEO of Binance, gave a speech at the Binance Blockchain Week Paris 2022. In his speech, CZ praised the “excellent” MiCA (Market in Crypto Assets) planned crypto regulations for Europe. The restrictions were a touch too stringent, according to the founder of the biggest cryptocurrency exchange in the…

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bored ape
News

NFT Collections Will Be Regulated Like Cryptocurrencies – EU’s MiCA Law

  • Blockmagic
  • Posted on September 3, 2022

An official informed guests at Korea Blockchain Week on Tuesday that non-fungible tokens (NFTs) that are a part of a collection will need to adhere to new European Union cryptocurrency laws meant to alert investors to dangers. The comments contradict earlier assertions that the novel ownership tokens will not be included by the bloc’s recently…

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crypto adoption world
Europe

Europe Central Bank Shows the Way, Revolut Gets Cyprus Nod

  • Blockmagic
  • Posted on August 26, 2022

Europe has shown the way for future regulation of cryptocurrency in a way that supports responsible businesses and safeguards users. The future of cryptocurrencies in the EU depends on shared standards and open frameworks for blockchain businesses. If the European Union wishes to be a pioneer in blockchain technology, moving forward it should prioritize member…

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Crypto News

CBDC Update: Technical glitches, expectations
CBDC Update: Technical glitches, expectations
April 1, 2023
Stay away from crypto “Play-to-Earn” games, US Agency flags theft risk
Stay away from crypto “Play-to-Earn” games, US Agency flags theft risk
March 15, 2023
New Ethereum tool allows fund recovery without private keys
New Ethereum tool allows fund recovery without private keys
March 9, 2023

Coins & Tokens

Australia’s NAB Creates Stablecoin, Carries out Cross-Border Settlement
Australia’s NAB Creates Stablecoin, Carries out Cross-Border Settlement
March 21, 2023
Bitcoin prices “unresponsive” to macroeconomic news: NY Fed Study
Bitcoin prices “unresponsive” to macroeconomic news: NY Fed Study
February 11, 2023
Switzerland’s City of Lugano goes “full Bitcoin”
Switzerland’s City of Lugano goes “full Bitcoin”
January 7, 2023

Markets & Investment

Bitcoin Ordinal NFTs take block heights above 3MB
Bitcoin Ordinal NFTs take block heights above 3MB
February 14, 2023
Ethereum steps closer to Shanghai upgrade with stake withdrawal feature
Ethereum steps closer to Shanghai upgrade with stake withdrawal feature
January 25, 2023
Post FTX jolt, Solana loses two top NFT projects to rival Ethereum and Polygon
Post FTX jolt, Solana loses two top NFT projects to rival Ethereum and Polygon
December 27, 2022

Events

Blockchain Life 2023 to be held in February in Dubai
Blockchain Life 2023 to be held in February in Dubai
December 12, 2022

Crypto calculator







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