crypto assets

Crypto Reporting Framework Discussed During G20, Decision Taken on Swift Implementation

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[ad_1] The G-20 leaders on Saturday decided on swift implementation of the reporting framework for crypto assets, saying a significant number of member nations want information exchange on such non-financial assets to start by 2027.  The Crypto Asset Reporting Framework (CARF) or template is being developed to make sure that such non-financial assets are not … Read more

PayPal to Stop Sale of Cryptocurrencies in the UK Until 2024: Details

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[ad_1] Payments giant PayPal will stop allowing UK customers to buy cryptocurrencies through its platform from October as it works to comply with new rules on crypto promotions. Britain’s financial regulator is due to bring in tougher rules to limit how crypto is advertised to British consumers, including requiring crypto firms to carry warnings about … Read more

Binance Reportedly Saw Monthly Illegal Crypto Transactions Worth $90 Billion in Banned China Market

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[ad_1] Binance users traded $90 billion (roughly Rs. 7,42,800 crore) of cryptocurrency-related assets in a single month in China, where cryptocurrency trading has been illegal since 2021, the Wall Street Journal reported on Tuesday citing internal figures and current and former employees of the exchange. The transactions made China Binance’s biggest market by far, accounting … Read more

Israel Follows UK to Exempt Foreigners from Paying Taxes on Crypto Gains: Details

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[ad_1] Israel may follow the footsteps of the UK, as the has parliament of Israel — Knesset — could soon exempt foreigner residents from paying taxes on incomes derived from the sale of crypto assets. The decision is an effort towards making the nation profitable in terms of sustaining the cryptocurrency ecosystem. With this, Israel … Read more

US Lawmakers to Vote on Cryptocurrency Bill in Coming Weeks

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[ad_1] A key House Republican lawmaker said Tuesday that he intends to hold a committee vote on a comprehensive bill to establish a regulatory framework for cryptocurrency products in the coming weeks. Representative Patrick McHenry, chairman of the House Financial Services Committee, said he expects to put a bill forward for the panel to consider … Read more

Cryptocurrencies Like Bitcoin, Ether Should Be Regulated as Gambling, UK Lawmakers Say Citing Risks

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[ad_1] Bitcoin, ether and other cryptocurrencies should be regulated as gambling given they are potentially used by fraudsters and pose significant risks to consumers, a panel of UK lawmakers said in a report on Wednesday. Britain is planning its first rules for cryptoassets, which currently only comply with anti-money laundering safeguards. Bitcoin and ether account … Read more