Cryptocurrency

South Korea Launches New Cryptocurrency Monitoring System and Regulations

On July 4th, the Financial Supervisory Service (FSS) of South Korea unveiled a new “continuous monitoring system” designed to diligently oversee and detect suspicious cryptocurrency transactions taking place on exchanges. This system is a collaborative effort between the FSS and South Korean digital asset exchanges and is designed to provide ongoing surveillance of abnormal transactions….

India has tightened crypto rules!

India has tensed cryptocurrency rules by disallowing losses incurred in a particular digital asset to be set off compared to the income from another version of a crypto holding.  As per the views of Pankaj Chaudhary to lawmakers in parliament, the government should not allow tax breaks on infrastructure costs incurred while mining crypto assets…