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CRYPTOCURRENCY RELATED AMENDMENT
Explained: What is US Senate’s CLARITY Act and why does it matter for crypto investors?The Republican-led Senate Banking Committee has advanced the long-awaited CLARITY Act, a landmark crypto regulation bill aimed at defining ...- The only country to make Bitcoin a legal tender is now amending the controversial law for this reason; here's what it isEl Salvador has until now been the only country to make Bitcoin a legal tender in the country, but they are now finally amending this law t...
- G20’s impact on cryptocurrencies: When can we see the crypto market rising?Acknowledging the global nature of cryptocurrencies, under India's presidency, the International Monetary Fund (IMF) and Financial Stabilit...
- WazirX blocked 2,431 accounts in past six monthsDuring the October-March duration, the cryptocurrency exchange received 431 requests from law enforcement agencies, against a total transac...
- ED investigating several cryptocurrency-related crimes; proceeds worth Rs 953 crore seized: FMProceeds amounting to Rs 953.70 crore from criminal activities involving cryptocurrencies have been seized, frozen or attached under the pr...
- Japan updates six laws to fight money laundering through cryptocurrencies. Details hereA cabinet resolution to amend six foreign exchange laws closely followed a government proposal to enact new remittance regulations, both of...
- White House publishes crypto regulations for first time. Here are the detailsThe publication of the first-ever cryptocurrency rules has been carried out, all thanks to the White House, and the general regulation docu...
- Retro amendment to prevent misuse of cess, surcharge deduction claims under I-T provisions: FMAs per the amendment passed by the Lok Sabha on Friday, any such deduction claimed would be treated as "under reported income" and will be ...
- Top cryptocurrency prices today: Bitcoin nears $44k mark; Solana, Cardano gain up to 8%Terra fell 2.05 per cent to $93.29. Solana jumped 8 per cent while Polkadot inched 0.09 per cent higher. Avalanche advanced 1.82 per cent. ...
- FinMin proposes amendments to Finance Bill; seeks to tighten norms for cryptocurrency taxationThe 2022-23 Budget has brought in clarity concerning the levy of income tax on crypto assets. From April 1, a 30 per cent I-T plus cess and...
- What ASCI's new crypto guidelines meanASCI, in its order, observed that advertising for VDAs, commonly referred to as crypto or NFT products, has been very aggressive over the p...
- Govt taps experts on taxing crypto assets held by firms, family officesCompanies currently have to disclose any holdings or dealings in cryptocurrencies or crypto assets in their filings with the Registrar of C...
- Crypto players seek clarity on taxes and regulation from Sitharaman's BudgetThe intention of the government to regularize and monitor, if not a blanket ban, crypto-investments seems clear. Currently, India has the h...
- RBI wants full ban on crypto, legal experts say it is too lateOn Christmas Eve in 2013, the Reserve Bank of India (RBI) had issued a note cautioning Indians about financial, legal and security risks of...
- RBI Board discusses private cryptocurrencies, CBDCThe government has proposed to bring in legislation on cryptocurrencies. It has listed Cryptocurrency and Regulation of Official Digital Cu...
- US infra bill's crypto amendment to provide clarity on taxes: YellenThe addition to the bipartisian legislation, expected to pass by early Tuesday morning will "provide clarity on important provisions ... th...
- Hold crypto assets? Here's how you are going to pay income-tax on itIndia’s tax authorities have not yet categorized returns from cryptocurrencies under any specific bracket and there have been no judicial p...
- Dogecoin’s popularity soars ahead of Nifty, mutual funds in IndiaDogecoin, a cryptocurrency born out of a light-hearted joke in 2013 with no revolutionary endeavours, such as those of Bitcoin creator, has...
- Companies will need to disclose cryptocurrency holdings, benami properties and audit trail from April 1In a plethora of changes to the disclosure rules under the Companies Act on Wednesday, the ministry of corporate affairs (MCA) significantl...
- New MCA rules make cryptocurrencies, benami, loan disclosures mustStarting April 1, companies must state if they have been declared wilful defaulters by banks, financial institutions or other lenders. The ...
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