Blockchain & crypto news from India
The Indian Finance Bill 2022 with new 30% cryptocurrency tax rules was approved by Rajya Sabha, the upper house of the Indian parliament, to make it a law today that will be in effect from tomorrow i.e., April 1. The bill’s approval by the upper house of the parliament comes within a week after the…
Latest regulations are being passed in the United Arab Emirates (UAE), ensuring strict punishments for cryptocurrency scammers targeting investors in the nation. These regulations which will come to effect on January 2, 2022, call for prison time for up to half a decade and penalty up to approximately Rs. 2 crores i.e. AED 1 Million….
According to sources, suggested legislation that would prohibit the use of cryptos as a mode of payment in India also anticipates making those who violate the law subject to arrest without a warrant and being held without bail. The government of PM Narendra Modi has earlier indicated that it proposes to prohibit most cryptos –…
Ukraine is the 5th nation in as many weeks to lay down some regulations for the crypto market, an indication that governments worldwide are grasping that bitcoin is here to stay. In an almost concordant vote, the Parliament of Ukraine accepted a law that regulates and legalizes crypto. The bill was set in motion in…