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CRYPTOASSETS INCREASE RISK
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...
Union Budget 2025: The perfect moment to explore the VDA opportunityThe global cryptoasset landscape in 2025 is undergoing transformative change. Bullish sentiments are on the rise, fueled by surging adoptio...
IMF and regulators set out roadmap to contain crypto risksRisks are exacerbated by noncompliance with existing laws in some instances, the G20's risk watchdog, the Financial Stability Board, and th...
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...
Global rules proposed for crypto asset firmsThe recommendations, issued at the direction of G20, also revised its existing recommendations for stablecoins. The FSB published the final...
Global rules leave crypto firms with no place to hide, says G20 watchdogThe Financial Stability Board published on Monday final recommendations requested by the G20 on supervising firms that trade cryptoassets s...
Hedge funds grow more cautious on crypto after turmoilThe proportion of traditional hedge funds investing in crypto-assets has dropped to 29% this year from 37% in 2022, the report by PWC and t...
Over 7% Indians owned cryptocurrency in 2021: UN trade bodyUNCTAD highlighted that the use of cryptocurrencies globally, including the developing countries, has increased exponentially during the CO...
G20 watchdog to propose first global crypto rules in October"The failure of a market player, in addition to imposing potentially large losses on investors and threatening market confidence arising fr...
G20 watchdog to propose first global crypto rules in OctoberThe FSB, a body of regulators, treasury officials and central bankers from the Group of 20 economies (G20), has so far limited itself to mo...
Cryptocurrencies a clear danger to financial systems: RBI GovernorThe central bank’s Financial Stability Report said the aggressive tightening of monetary policy in response to the inflationary pressure wa...
One in 10 eurozone households own cryptoassets, says ECBFinancial oversight bodies have been increasing their scrutiny of the crypto market as the asset class has grown, while recent volatility h...
Be ready to lose all your money in crypto, EU regulators warnEU-CRYPTO-Be ready to lose all your money in crypto, EU regulators warn
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...
JPMorgan calls for regulatory quick fix for crypto hedgingBig institutions like hedge funds and investment funds are becoming increasingly interested in cryptocurrencies and are looking to banks to...
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"...
Delhi High Court seeks Centre, Sebi replies on plea for guidelines on crypto-asset advertisements, proper disclaimersA bench of Chief Justice D N Patel and Justice Jyoti Singh issued notice to the Ministry of Information and Broadcasting, Security Exchange...
Global banking regulator in step closer to crypto capital rules"The committee agreed to publish a consultation paper to seek the views of external stakeholders on the design of prudential treatment of b...
Gold only cryptocurrency that has worked: Uday KotakKotak also said that real estate market is unlikely to recover anytime soon.