The $908 billion stimulus bill was finally approved by a bipartisan group of lawmakers after struggling for almost two weeks. The group of lawmakers reached a middle ground and have decided to present the stimulus bill in two parts one covering liability protections for businesses and the other covering the federal aid to states and
The $908 billion stimulus bill was finally approved by a bipartisan group of lawmakers after struggling for almost two weeks. The group of lawmakers reached a middle ground and have decided to present the stimulus bill in two parts one covering liability protections for businesses and the other covering the federal aid to states and
The rumor mills surrounding Indian cryptocurrency regulations do not seem to die down, the latest being possible tax liabilities on bitcoin income for traders. India at present doesn’t have a working cryptocurrency regulatory framework in place despite the March order of the Supreme Court nullifying the Reserve Bank of India’s banking ban on cryptocurrency exchanges.
The rumor mills surrounding Indian cryptocurrency regulations do not seem to die down, the latest being possible tax liabilities on bitcoin income for traders. India at present doesn’t have a working cryptocurrency regulatory framework in place despite the March order of the Supreme Court nullifying the Reserve Bank of India’s banking ban on cryptocurrency exchanges.
Financial institutions all across globe are facing Bitcoin FOMO and same is true for major Indian banks. As per the latest reports major Indian Banks who earlier denied services to crypto companies in India are now finally following the supreme court ruling and planning to resume their services. Indian Banks Feeling The Bitcoin FOMO The
Financial institutions all across globe are facing Bitcoin FOMO and same is true for major Indian banks. As per the latest reports major Indian Banks who earlier denied services to crypto companies in India are now finally following the supreme court ruling and planning to resume their services. Indian Banks Feeling The Bitcoin FOMO The
The advent of cryptocurrencies like Bitcoin as a mainstream investment market and a reliable payment gateway has forced governments around the globe to take notice of the nascent technology. The ongoing bitcoin bull run driven by the mainstream financial giants such as PayPal and MicroStrategy & rising global trade tensions has only made the contention
The advent of cryptocurrencies like Bitcoin as a mainstream investment market and a reliable payment gateway has forced governments around the globe to take notice of the nascent technology. The ongoing bitcoin bull run driven by the mainstream financial giants such as PayPal and MicroStrategy & rising global trade tensions has only made the contention
China’s growing influence in the digital currency space has got the US intelligence community on their toes as they see it as a threat to financial security. As per a recent report, the Director of National Intelligence John Ratcliffe wrote a letter to the Security and Exchange Commission (SEC) Chairman Jay Clayton expressing his concerns over China’s
China’s growing influence in the digital currency space has got the US intelligence community on their toes as they see it as a threat to financial security. As per a recent report, the Director of National Intelligence John Ratcliffe wrote a letter to the Security and Exchange Commission (SEC) Chairman Jay Clayton expressing his concerns over China’s
A fake Elon Musk on Twitter was seen pulling a crypto scam under the garb of celebrating the results of the US Presidential elections 2020. The tweet posted a link and asked the readers to visit the website in the link and donate bitcoin, and in return, they will get double the amount they have
A fake Elon Musk on Twitter was seen pulling a crypto scam under the garb of celebrating the results of the US Presidential elections 2020. The tweet posted a link and asked the readers to visit the website in the link and donate bitcoin, and in return, they will get double the amount they have
With the growing popularity of cryptocurrencies as a form of investment, it was only a matter of time before the taxman became interested. In 2018, the IRS firmly stated that anyone owning and dealing with cryptocurrencies needs to include this when they file their taxes. So, if you own any cryptocurrency, you definitely need to take seriously
With the growing popularity of cryptocurrencies as a form of investment, it was only a matter of time before the taxman became interested. In 2018, the IRS firmly stated that anyone owning and dealing with cryptocurrencies needs to include this when they file their taxes. So, if you own any cryptocurrency, you definitely need to take seriously
With the prices of bitcoin taking a serious tumble the resultant bitcoin losses can be used to save the capital gains tax this fiscal year by booking them in advance i.e. before March 31, 2018. Saving on capital gain tax by booking bitcoin losses this fiscal year Cryptocurrencies have only risen in popularity and increased
With the prices of bitcoin taking a serious tumble the resultant bitcoin losses can be used to save the capital gains tax this fiscal year by booking them in advance i.e. before March 31, 2018. Saving on capital gain tax by booking bitcoin losses this fiscal year Cryptocurrencies have only risen in popularity and increased
Did you just find out that you owe the taxation authority some $30k? But you don’t have this $30k because you traded in cryptos? Well, then you are not alone as this is exactly what is going on with the cryptocurrency investors or users. So, what is actually the matter and what is taxable? Users/Investors
Did you just find out that you owe the taxation authority some $30k? But you don’t have this $30k because you traded in cryptos? Well, then you are not alone as this is exactly what is going on with the cryptocurrency investors or users. So, what is actually the matter and what is taxable? Users/Investors
These two terms, ‘Know Your Customer and Anti-Money Laundering (KYC and AML)’ is no more new, especially when we think of various financial sectors working around the world. In fact, recently they have received so much of limelight, that every now a then a new law or rule can be noticed, which intends to make
These two terms, ‘Know Your Customer and Anti-Money Laundering (KYC and AML)’ is no more new, especially when we think of various financial sectors working around the world. In fact, recently they have received so much of limelight, that every now a then a new law or rule can be noticed, which intends to make
A business license granted for the activities involving virtual currencies is BitLicense. It contains a set of regulations that are issued by the New York State Department of Financial Services (NYSDFS). In order to regulate the digital currency like bitcoin, the framework of this regulation covers those that are located, reside, conducts business or have
A business license granted for the activities involving virtual currencies is BitLicense. It contains a set of regulations that are issued by the New York State Department of Financial Services (NYSDFS). In order to regulate the digital currency like bitcoin, the framework of this regulation covers those that are located, reside, conducts business or have
Just last month, the Indian Central Board of Direct Taxes (CBDT) issued a tax notice to 1L cryptocurrency investors. The summon was sent to these investors that ordered them to present the documents and evidence for the questions asked in there. Also, read… Taxman Crushes the “Giancarlos Party” for Indian Bitcoin Investors Any kind of notice or communication
Just last month, the Indian Central Board of Direct Taxes (CBDT) issued a tax notice to 1L cryptocurrency investors. The summon was sent to these investors that ordered them to present the documents and evidence for the questions asked in there. Also, read… Taxman Crushes the “Giancarlos Party” for Indian Bitcoin Investors Any kind of notice or communication
