Crypto assets offer a new world of opportunities: Quick and easy payments, innovative financial services, inclusive access to previously ‘unbanked’ parts of the world. All are made possible by the crypto ecosystem. But along with the opportunities come challenges and risks. The latest Global Financial Stability Report describes the risks posed by the crypto ecosystem … Read more
RIYADH: Meta, formerly known as Facebook, has updated the criteria for running ads about cryptocurrency on its platform, according to Bloomberg. The tech giant announced on Wednesday its decision to reverse a long-standing policy that prevented most cryptocurrency companies from running ads on its services. The move came after Meta’s marquee crypto-related effort had been downsized. … Read more
India’s government will introduce a bill to ban private cryptocurrencies and create a framework for a central bank-backed digital money, parliament said in a shock announcement late Tuesday. The proposed bill “seeks to prohibit all private cryptocurrencies in India”, the Lok Sabha said, and comes after Prime Minister Narendra Modi warned last week that Bitcoin … Read more
Cryptocurrency tax laws are initial to mainstream cryptocurrency acceptance by the governments, Indian entrepreneurs believe. Crypto traders and crypto exchanges soon to be taxed, Income Tax Department of India reportedly consider, experts believe investors should rest certain. The tax department which works under the ministry of finance of India has mentioned interest to tax crypto … Read more
