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Argentinian Finance Minister ‘Wants More Crypto Taxes’
21.2.2022
Argentina’s government wants to reform the existing crypto tax laws – and ensure further compliance....
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Banning Crypto Is Like Banning Internet in Russia, Finance Minister Says Amid Differences With Central Bank
17.2.2022
It’s impossible to ban cryptocurrencies in Russia, the country’s minister of finance has stated in his first comments on his department’s latest disagreements with the Russian monetary authority. The two institutions are reportedly failing to reach consensus on crypto...
Indian Government Consulting With Central Bank RBI on Crypto — ‘There Is Complete Harmony’
14.2.2022
The Indian government is consulting with the Reserve Bank of India (RBI) on crypto policies. According to the finance minister, the government and the central bank are in “complete harmony” on crypto and other issues. Indian Government and Central Bank Discussing Crypto Policies...
Indian Parliament Member Clarifies Legal Status of Cryptocurrency
13.2.2022
Cryptocurrency is currently a gray area in India. It is neither legal nor illegal. A parliament member, India’s finance secretary, and the minister of finance have recently clarified the legal status of cryptocurrency in India. Legal Status of Crypto in India Following the finance...
India’s finance minister waiting for consultations to decide whether to ban or regulate crypto
11.2.2022
The country's finance minister admitted to not having enough information to make a fateful call
India Won’t Legalize or Ban Crypto at This Stage, Finance Minister Confirms
11.2.2022
India’s finance minister has revealed the current status of crypto policy in India, including whether crypto will be legalized or banned in the country. The question surrounding the legitimacy of cryptocurrency was raised in parliament after the government announced that income from crypto...
RBI: Cryptocurrency Is a Big Threat to Macroeconomic and Financial Stability in India
10.2.2022
The governor of India’s central bank, the Reserve Bank of India (RBI), has reiterated his concerns that cryptocurrency is a “big threat” to the country’s financial and macroeconomic stability. He also warned investors of the risks of investing in crypto, stating this...
Indian Government ‘Constantly Monitoring’ Crypto Sector, Says Finance Minister
9.2.2022
India’s finance minister, Nirmala Sitharaman, has reportedly revealed that the government is “constantly monitoring” and “watching the crypto sector.” Referring to her budget speech, she noted that crypto taxation will be implemented before the central bank,...
60,000 Indians Petition Government to Lower Crypto Tax to Avoid ‘Devastating Impact’
4.2.2022
Many Indians have signed a petition for the government to introduce reasonable crypto tax policies. This week, India’s finance minister, Nirmala Sitharaman, proposed taxing crypto income at 30%. Indians Sign Petition Urging Government to Rethink Crypto Tax Proposal A petition has been...
Indian Parliament Unlikely to Discuss Crypto Bill During Budget Session - Finance Minister
3.2.2022
The vivid debate surrounding India’s forthcoming crypto legislation has taken another turn as the country’s Finance Minister Nirmala Sitharaman announced that the bill is unlikely to be discussed during the parliament’s ongoing budget 2022 session that is to end on April 8.
Sitharaman...
Indian Parliament Unlikely to Discuss Crypto Bill During Budget Session - Finance Minister
3.2.2022
The vivid debate surrounding India’s forthcoming crypto legislation has taken another turn as the country’s Finance Minister Nirmala Sitharaman announced that the bill is unlikely to be discussed during the parliament’s ongoing budget 2022 session that is to end on April 8.
Sitharaman...
India Announces Upcoming Launch of Central Bank Digital Currency, Digital Rupee, to Be Issued by RBI
2.2.2022
The Indian government has announced the upcoming launch of the country’s central bank digital currency. The digital rupee will be issued by the Reserve Bank of India (RBI) in the financial year 2022-23, Indian Finance Minister Nirmala Sitharaman said during her budget speech. RBI’s...
El Salvador Rejects IMF Call to Abandon Bitcoin as Legal Tender
2.2.2022
El Salvador has rejected the recommendation by the International Monetary Fund (IMF) to drop bitcoin as legal tender. The country’s finance minister reportedly “angrily” said, “No international organization is going to make us do anything, anything at all.”...
India Proposes 30% Tax on Crypto Income — Finance Minister Cites ‘Phenomenal Increase’ in Crypto Transactions
1.2.2022
The Indian government has proposed taxing income from cryptocurrencies and other digital assets at 30%. India’s finance minister, Nirmala Sitharaman, said: “There’s been a phenomenal increase in transaction in virtual digital assets … The magnitude and frequency of these...
Ministries Queried About Missing 200,000 Bitcoins as Bulgaria Explores Crypto Payments
28.1.2022
The recently elected government of Bulgaria has found itself in the position of answering questions about the fate of billions of dollars’ worth of cryptocurrency reportedly confiscated by the country’s law enforcement five years ago. Meanwhile, the new finance minister has revealed...
Bulgaria's finance minister says country is exploring crypto payment options: report
21.1.2022
The government official added that he thought Bulgaria was unlikely to become a major hub for crypto miners, many of whom many are reportedly considering leaving Kazakhstan
Estonia Offers to Share Crypto Experience With US to Identify Best Practices for Digital Assets
11.1.2022
Estonian Finance Minister Keit Pentus-Rosimannus has offered to share her country’s experience in regulating cryptocurrencies with the U.S. in a discussion with Treasury Secretary Janet Yellen. Estonia Offers to Share Crypto Experience With the US U.S. Treasury Secretary Janet Yellen...
Indian Crypto Industry Seeks Tax Clarity in Union Budget 2022-23
10.1.2022
An Indian industry association has written to the country’s finance minister seeking clarity on cryptocurrency taxation in Union Budget 2022-23. “The budget should ideally offer coherent rules on direct taxation and the GST Council should detail the applicability of taxation, else...
El Salvador Drafts 20 Bills for Legal Structure of Bitcoin Bonds — Funds to Be Used to Build Bitcoin City, Buy BTC
6.1.2022
El Salvador is preparing to introduce 20 bills to provide a legal framework for its upcoming bitcoin bonds. The funds raised will be used to build infrastructure for Bitcoin City and buy more bitcoin, the Salvadoran government explained. El Salvador Drafting Legal Framework for Bitcoin Bonds...
Serbia Reviews License Applications From 3 Cryptocurrency Exchanges
26.12.2021
Three crypto exchanges have applied for licensing in Serbia, which recently adopted legislation regulating its digital asset space. The government in Belgrade expects the companies to obtain authorization within weeks and offer Serbs the option to buy and sell cryptocurrencies legally. Crypto...