It’s “D” Day for India as the crypto community deals with the imposition of the most controversial tax provision today. Calculating the predicted impact of the tax will be a wait-and-watch game at a time when the global investment community is facing a slowdown. Source
The 1% TDS liability – which will take effect on July 1 – is the most controversial provision of India’s recently introduced crypto tax law, with the industry even exploring a legal challenge. Another provision, which enforces a 30% capital gains tax on all transactions, took effect on April 1. Source
The collection amassed huge popularity in crypto circles but its creator has now acknowledged being the person behind a pseudonymous account allegedly linked to hate and a suicide cult. Original Source 039Miya039ControversialCreatorDoxxesMiladysNFTPersonPricesTumble CryptoX Portal
The collection amassed huge popularity in crypto circles but its creator has now acknowledged being the person behind a pseudonymous account allegedly linked to hate and a suicide cult. Source
Lawmakers could be swayed by the risk of a legal challenge, Schrepel believes – but in practice it may be difficult to get them to retreat from a position they share with the Council. In other areas there is less consensus on the right approach – and, for the law to become final, lawmakers and governments will have to thrash out their differences in a series of closed-door meetings, beginning Thursday. Source
Dogecoin rival Floki Inu has begun what it calls an “aggressive” marketing campaign in London, plastering advertisements around the city’s train stations and on its famous red buses. Floki Inu announced the new campaign in an April 23 blog noting that “the people’s cryptocurrency” will start advertising on the side of 100 buses and on 203 posters in the city’s underground train stations starting from Monday April 25. #FLOKI‘s new and aggressive London campaign will start tomorrow Monday, April 25.$FLOKI to be featured on: – 100 buses across the streets…
The crypto tax law enforces a 30% tax on profits from crypto transactions, effective April 1. Traders will not be able to set off losses from other crypto transactions. Crypto gifts within a family would be exempt, but gifts above Rs. 50,000 ($660) outside the family would be taxable once in the hands of recipients. Source
CryptoX – Cryptocurrency Analysis and News Portal She says she “admires” the innovative mindset of people active in the market – and even cites members of her own family who follow it. But equally, she said, some misuse anonymous payments to finance crimes, citing drugs, prostitution, child pornography and terrorism. Source The post I’m Not Anti-Crypto, Says Architect of Controversial EU Money Laundering Proposal appeared first on CryptoX. CryptoX Portal
The Venezuelan court agreed to take a look at CipherBlade’s report. Based on the investigation’s findings, in January 2021, over a month after the developer duo were detained, the court granted Mendoza and Diaz conditional freedom. In August 2021, the court officially dismissed all charges against them, according to an official document obtained by CoinDesk. Source link
As the Department of the Treasury has announced its regulatory agenda for the fiscal year earlier today, many in the web3 space have likely experienced flashbacks to December 2020, when the agency had first proposed to impose know your customer, or KYC, rules on transactions that involve self-custodied crypto wallets. The Treasury’s semiannual agenda and regulatory plan, a document that is meant to inform the public of the department’s ongoing rulemaking activities includes and encourage public feedback, features a clause entitled “Requirements for certain transactions involving convertible virtual currency or…