カテゴリー: finance ministry

Indian Government Invites Law Firm to Present Suggestions for Cryptocurrency Regulation

Indian Government Invites Law Firm to Present Crypto Regulatory Proposal With Self-RegulationThe Indian government has invited lawyers from Nishith Desai Associates to present their suggestions for the country’s crypto regulation. This is in response to the firm’s submission of a proposed regulatory framework for cryptocurrencies. The suggestions include avoiding prohibition, taking a balanced approach, options for licensing, and self-regulation for the industry. Also read: Indian Supreme Court […]

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Indian Government Invites Law Firm to Present Suggestions for Cryptocurrency Regulation

Indian Government Invites Law Firm to Present Crypto Regulatory Proposal With Self-RegulationThe Indian government has invited lawyers from Nishith Desai Associates to present their suggestions for the country’s crypto regulation. This is in response to the firm’s submission of a proposed regulatory framework for cryptocurrencies. The suggestions include avoiding prohibition, taking a balanced approach, options for licensing, and self-regulation for the industry. Also read: Indian Supreme Court […]

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Report: Indian Government Finalizing Crypto Regulatory Framework

Report: Indian Government Finalizing Crypto Regulatory FrameworkThe Indian government has reportedly confirmed that the report containing a regulatory framework for cryptocurrencies by an inter-ministerial committee is being finalized. This confirmation is in response to a Right to Information filing by a local news outlet. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Report in ‘Finalization Stage’ The […]

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Crypto Cards Are Legal in Russia, According to the Finance Ministry

Crypto Cards Are Legal in Russia, According to the Finance MinistryUsing cryptocurrency debit cards to pay for goods and services does not contradict Russian law, Deputy Finance Minister Alexei Moiseev was quoted as saying by local media. He believes these transactions are legal as the seller receives the money in Russian rubles.   Also read: No Reason to ‘Bury’ Cryptocurrencies, Russian PM Medvedev Says Buying […]

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Stock Exchange of Thailand Unveils Plan to Enter the Crypto Space

Stock Exchange of Thailand Unveils Plans to Enter the Crypto SpaceThe Stock Exchange of Thailand is reportedly planning to launch a cryptocurrency exchange. The securities companies that are members of the exchange will also apply for cryptocurrency broker-dealer licenses with the country’s regulator. Thailand currently has three licensed crypto exchanges. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations SET Planning to […]

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Thailand Issues 4 Cryptocurrency Licenses, Rejects 2 Exchanges

Thailand Issues 4 Cryptocurrency Licenses, Rejects 2 ExchangesThailand has officially granted licenses to three cryptocurrency exchanges and one broker-dealer. Two exchanges have been rejected and one is still being reviewed. These seven companies have been temporarily allowed to operate in the country. Two of them will now begin closing down their businesses. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for […]

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Report: Indian Government Updates Progress on Cryptocurrency Regulation

Report: Indian Government Updates Progress on Cryptocurrency RegulationThe Indian government has reportedly provided an update on its progress toward the country’s regulatory framework for cryptocurrencies. The government provided its latest stance in areas such as the national cryptocurrency and licensing of crypto businesses. It is pursuing crypto regulations “with due caution,” according to reports. Also read: Indian Supreme Court Moves Crypto Hearing, Community […]

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Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations

Indian Court Moves Crypto Hearing, Community Calls for Positive RegulationsIndia’s supreme court has set a new date to hear the petitions against the cryptocurrency banking ban by the country’s central bank. Meanwhile, the crypto community in India is campaigning on social media for “positive regulations” and the rollback of the banking ban. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space New Supreme Court […]

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Vietnam at Crossroads on Cryptocurrency Regulations

Vietnamese authorities are still considering their approach to regulating the cryptocurrency space. The Ministry of Justice has put forward several alternative solutions and the Ministry of Industry and Trade has expressed its opposition to the ban on imports of mining equipment. Also read: Uzbekistan Sets up International Arbitration Center for Crypto Businesses Justice Ministry Reports […]

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Ukrainians Advised to Pay 19.5% Tax on Crypto Incomes

Ukrainians Advised to Pay 19.5% Tax on Crypto IncomesIn the absence of dedicated regulation, Ukrainians are expected to pay the regular 19.5% income tax rate on their profits from crypto-related activities like trading and mining, a high-ranking official from the Finance Ministry in Kiev explained. Crypto investors are free to report their digital funds as either property or financial assets. Also read: Uzbekistan […]

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