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CRYPTOASSETS
EU's six biggest economies agree on capital markets supervisionEurope's six largest economies have agreed to back more centralized supervision of capital markets. This move is crucial for integrating Eu...
India recasts rules for foreign tax info exchange: New framework from July 1 aims to curb cross-border tax evasion & speed up case closureIndia has updated its rules for sharing tax information with other countries. New rules make foreign tax requests high priority, requiring ...
Banks to seek more details from account holders under amended Income Tax Rules, 1962; check what new information you may have to shareNew Income Tax Rules, 1962, mandate banks to gather extensive details on account holders and controlling individuals. This includes self-ce...
Strengthening India’s tax sovereignty in the age of crypto: The case for Swift CARF implementationIndia’s adoption of the Crypto-Asset Reporting Framework (CARF) aligns its tax systems with global standards, targeting offshore crypto tax...
Britain to bar consumers from borrowing to buy crypto under new regimeBritain plans to ban credit card purchases of crypto and tighten access to crypto lending, aiming to protect retail investors as it brings ...
Payments giant PayPal obtains crypto marketing green light in BritainThe crypto market in Britain is awaiting its first set of rules, but in the meantime companies that want to offer cryptoassets must show th...
Crypto firms failing to spell out risks, says UK watchdogBritain's Financial Conduct Authority had new powers from Oct. 8 to regulate cryptoasset promotions, and said it has found three common iss...
Basel proposes crypto disclosures by banks from January 2025Global banking regulators on Tuesday proposed a standardised format for major banks to disclose their holdings of cryptoassets from January...
Can the post-G-20 roadmap for Indian Crypto Asset Regulation achieve greater financial inclusion?An important consensus from the New Delhi Declaration adopted by G20 leaders is that a global coordinated approach to crypto-asset regulati...
Cryptoassets increase risk in developing economies, study saysThe report looks at what would happen if crypto and traditional financial markets become more integrated in the future, with a focus on pos...
Cryptoassets increase risk in developing economies, study saysAccording to a paper from the Bank for International Settlements, cryptoassets hold out the "illusory appeal of being a simple and quick so...
UK to curb crypto advertising with 'cooling off' periods, risk warningsThe Financial Conduct Authority (FCA) has introduced new rules for crypto buyers in the UK, including a mandatory 24-hour 'cooling-off' per...
What India can learn from EU's crypto regulationsThe European Parliament's approval of the Markets in Crypto-Assets Regulation (MiCA) is a significant milestone in regulating crypto-assets...
EU parliament backs world's first comprehensive rules for crypto assetsEU states have already given the nod to the rules which will be rolled out from mid 2024, requiring firms that offer cryptoasset services i...
EU calls for fast-track crypto capital rules for banksThe global Basel Committee of banking regulators from the world's main financial centres has set a January 2025 deadline for implementing c...
European Union to trace crypto assets to prevent money laundering, terror financingBefore making the crypto-assets available to beneficiaries, providers will have to verify that the source of the asset is not subject to re...
Be ready to lose all your money in crypto, EU regulators warnIt marks a racheting up of direct warnings to consumers about cryptoassets by EU authorities, spelling out that consumers have no protectio...
BoE's Bailey tells banks to be 'especially cautious' with cryptoBank of England Governor Andrew Bailey warned banks and other regulated financial firms on Monday that they should be "especially cautious"...
Global banking regulator to study crypto-assets rulesA global banking watchdog said on Monday it will consult on how banks should shield themselves from risks stemming from crypto-assets in th...
Bank of Canada says cryptoassets' volatility is obstacle to payment acceptanceThe central bank said it is monitoring cryptoasset markets, which have surged in popularity in the last year as they have become easier for...