crypto laws

India’s 1 Percent TDS on Crypto Transactions Needs to be Slashed to 0.01 Percent: Study

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[ad_1] India, that has levied a one percent TDS on each crypto transaction, is again facing suggestions regarding a change in the law. In its latest study, Delhi-based think tank Esya Centre has advised the government to slash its 1 percent TDS on crypto transactions to 0.01 percent. In doing so, India could garner more … Read more

Binance Said to Be Under Investigation in France for Illegal Canvassing, Money Laundering

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[ad_1] Binance, the largest cryptocurrency exchange, is under preliminary investigation by the Paris prosecutors office for both illegal canvassing of clients and aggravated money-laundering, French daily Le Monde reported on Friday. “In France, on-site visits by regulators and inspectors are part of regulatory obligations to which all financial institutions must adhere. We had an on-site … Read more

Binance to Launch Japan-Centric Crypto Exchange Soon, Vouches Regulatory Compliance

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[ad_1] Japan, which in recent months has emerged as a top global contender to become a Web3 hotspot, is attracting industry players to go the extra mile and set up operations in the Asian nation. One of world’s biggest crypto exchanges, Binance, is now inching closer to launching a new exchange tailored to the Japanese … Read more

India Being Urged to Restore UPI Access for Users of Crypto Exchanges: Report

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[ad_1] India is reportedly reconsidering to let crypto investors use Unified Payments Interface (UPI) to purchase digital assets like cryptocurrencies and non-fungible tokens (NFTs). The financial authorities of India have received multiple proposals, urging them to allow the integration of UPI for crypto transactions. These proposals have been sent by crypto advocacy group Bharat Web3 … Read more