Blockchain & crypto news from India
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…