Meta trademark anticipates for cryptocurrency payments platform

Meta, social media giant Facebook’s parent company, is hinting to launch a payments platform with support for crypto. As per records, Meta filed 5 applications for its namesake to be utilized in a platform named Meta Pay. The filings included Meta’s name for use in an ‘online social networking service for investors enabling financial exchange…

Budget 2022: 30% tax on crypto assets; RBI to issue digital rupee

On Tuesday morning, Finance Minister Nirmala Sitharaman confirmed that RBI (Reserve Bank of India) will launch a digital rupee soon. The digital currency by RBI will be based on blockchain technology the tech behind Bitcoin and other famous cryptocurrencies. FM said that the digital rupee will be issued by 2022-23 without offering any clarity on…

Government intends to introduce a bill, cryptos to be regarded as commodity

The government is aiming to define cryptos in the latest draft bill that also suggests to categories cryptos on the basis of their use cases. According to reports, cryptos will be regarded as a commodity/asset for all reasons, including taxation and according to use case – investment, payments or utility. This would be the first…

Digital token identifiers intend to set the benchmark for crypto

Come September, crypto tokens like Ethereum, Bitcoin and others will be taking one of their biggest moves towards legitimacy. A new digital registry is being developed that will add distinctive identifiers to these digital tokens. DTIs (Digital token identifiers) are being launched to monitor the movement of cryptos according to the International Organization for Standardization…