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Cryptocurrency Regulation and Taxing

El Salvador Will Officially Accept BTC As A Legal Tender On Sep 7

Kavon Hyatt | August 7, 2021 | Leave a comment
Via the daily economics of digital currency acceptance, BTC will become the state-recognized money. Paying method that enables the rapid conversion of digital currency into fiat money and allows BTC transactions for online shops, pos, billing, and compensation are...
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India’s Existing Law Might Mandate A 2 Percent Levy On Digital Assets Purchased From Offshore Exchanges

Kavon Hyatt | June 29, 2021 | Leave a comment
The current Indian law could sanction a 2% levy to be implemented on the crypto transfers from the offshore exchanges working in the Indian market. As the local sources report, it is expected that the equalization levy, which is...
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ShapeShift CEO Says Governments Do Not Realize What Is Gonna Happen With BTC

Kavon Hyatt | June 24, 2021 | Leave a comment
El Salvador’s decision to legalize Bitcoin sparked differing reactions all over the globe. On one hand, proponents and advocators of Bitcoin appreciated this venture while on the other hand several legislative bodies criticized cryptocurrencies by labeling them as risky...
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Netherland’s Officials Have Called For Complete Bitcoin (BTC) Ban

Kavon Hyatt | June 14, 2021 | Leave a comment
As Bitcoin adoption is increasing day by day, with El Salvador legalising it recently, many would therefore assume that the world’s flagship cryptocurrency may finally be accepted as legal tender in various parts of the globe. However, this is...
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Google Has Lifted Ban On Ads Related To Cryptocurrency Exchanges

Kavon Hyatt | June 5, 2021 | Leave a comment
Google will now enable all crypto-related ads in exchange for some terms and conditions. Google will finish reverting the ban in August of this year. Google’s new Terms and Conditions The terms and conditions for receiving Google’s approval for...
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Central Bank Of India Has Set A Straight Record On The Crypto Ban Giving Relief To Digital Currency Community

Kavon Hyatt | June 2, 2021 | Leave a comment
In April 2018, the Reserve Bank of India (RBI) requested that nearby banks quit offering types of assistance to cryptographic money trades and related organizations, along these lines ending fiat-to-crypto exchanging the country. From that point forward, numerous Indian...
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SEC Accused By Ripple For Using ‘Intimidation Tactics’ To Get Access To Information Of Ripple And XRP

Kavon Hyatt | April 19, 2021 | Leave a comment
The ongoing legal battle between the SEC and Ripple continues, and the latest development sees the company accusing the United States Securities and Exchange Commission of intentionally utilizing intimidation tactics in an attempt to gain access to sensitive information....
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US SEC’s Legal Counsel Says XRP Is Not Like Bitcoin Or Ethereum

Kavon Hyatt | March 25, 2021 | Leave a comment
The ongoing legal battle between the United States Securities and Exchange Commission and Ripple has taken on new development as of late. To provide some context, the SEC had accused Ripple’s XRP token of displaying security-like functions, to which...
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SEC Official Calls For Urgency Of Crypto Regulations As Institutional Adoption Rises

Kavon Hyatt | February 15, 2021 | Leave a comment
It is no secret that firms such as Tesla and Mastercard are gradually moving towards adopting cryptocurrency as their mainstay. However, SEC Commissioner Hester Pierce calls for the urgent need to invent and subsequently implement rules administering what should...
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BitMEX Users Now Have Less Than Two Weeks to Meet KYC Deadline

Kavon Hyatt | November 22, 2020 | Leave a comment
The Seychelles-registered major cryptocurrency exchange and derivatives trading platform BitMEX has given a reminder to its users saying that they are now left with two more weeks to complete their verification. The cryptocurrency exchange issued this notification for users...
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