The CBI on Sunday refuted reports that a team of the US’ Federal Bureau of Investigation (FBI) was in India to probe the alleged bitcoin case being investigated by the Karnataka Police, and termed the statements “speculative” and “without any basis”. In a statement, the central agency said the FBI has not sent any team…
Treasury Secretary Janet Yellen says more government regulation is needed to police the proliferation of cryptocurrency and other digital assets and to ward off fraudulent and illicit transactions. In practice, one result would be that users would get documentation of their crypto dealings for use in filing their taxes. Taxpayers should receive the same type…
US-based crypto platform Coinbase, which debuted on Nasdaq last year at a market capitalisation of $100 billion, announced the launch of its crypto trading platform in India on Thursday. The company said that crypto traders in India can sign up on the platform with their Aadhaar cards and use their United Payments Interface (UPI) accounts…
Crypto exchange Binance is leading investors’ contribution to a bailout of victims of a $615-million digital coin theft, the company targeted in the heist said on Wednesday. The Vietnam-based company Sky Mavis, which runs the game Axie Infinity, said last week it had been hit by one of the largest crypto heists on record, leaving…
Crypto platform Leap has raised $3.2 million in a funding round co-led by blockchain-focused investment firm CoinFund and Pantera Capital. The private share sale also saw participation from Arrington Capital, Accel and Terraform Labs. Leap is a non-custodial Terra wallet offering access to dApps, staking, DeFi, NFTs, and more on one platform. The company said…
The Parliamentary Standing Committee on Finance on Tuesday sought details from new Securities and Exchange Board of India (Sebi) Chairperson Madhabi Puri Buch on a host of issues like the status of the probe into lapses at the National Stock Exchange (NSE), Paytm’s issue price, and the functioning of crypto currency exchanges, said people in…
The Central Board of Direct Taxes (CBDT) has rolled out an aggressive target and timeline to investigate tax evasion matters, especially those involving undisclosed foreign assets. The Cabinet in Sri Lanka has resigned succumbing to pressure from protests over the country’s economic crisis. Scroll further down for more on these and other top stories this…
Almost half of all cryptocurrency owners in the United States, Latin America and Asia Pacific purchased the digital assets for the first time in 2021, according to a new survey from U.S. cryptocurrency exchange Gemini. The survey of nearly 30,000 people across 20 countries, which was conducted between November 2021 and February 2022, shows 2021…
When India’s government unveiled a plan to tax crypto assets in February, it was the 30% rate on income from digital-asset investments that grabbed headlines. But it’s a different levy that has the industry warning of a potentially destabilizing liquidity crunch. Along with the capital gains charge, the finance ministry announced a 1% tax deductible…
When talking about expensive lifestyle purchases for an average Joe, weddings, housing, and education costs are a significant part of the equation. While we will talk about education and weddings in another post, this article is about all the reasons taking out a home mortgage from credit unions could be a better reason than buying…
