Bank Negara Malaysia, the nation’s reserve bank, recently revealed that it received 29 different applications for a virtual bank license under the Financial...
Foreign cryptocurrency exchanges and bitcoin (BTC) trading venues in India may soon be required to start paying 18 percent goods and services tax (GST), according to an Economic Times report on July 2, 2021. India’s Crypto Future Looks Grim Despite the fact that the supreme court of India has since overturned the bank’s ban on bitcoinRead More
Shunned by commercial banks, Indian crypto exchanges are dealing with major operational hurdles amid a lack of clear-cut regulations by the government. Peer-to-peer trading remains the order of the day and exchange operators say the risk of fraud in alternative trading rails remains high. Crypto Exchanges Out in the Cold According to a report byRead More
India is leading the way in cryptocurrency investment over the past 12 months, despite tough regulatory threats in the country. Investment in digital currencies began to rise in the middle of last year (2020) as the Kovid 19 pandemic spread at a rapid pace.
Philippines-based digital and financial services company Voyager Innovations has secured $167 million in capital for its expansion program, which includes a venture into...
In India, nationwide investments in digital assets have increased by 19,900%, according to a recent Chainalysis report. Bloomberg suspects Indians might ditch Gold for Crypto Although the Chainalysis blog article was already published on June 7, Bloomberg has now picked up the story, in an article titled ‘Even Gold-Obsessed Indians Are Now Pouring Billions Into […]