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South Korea’s FSC Unveils Plan to Define Corporate Participation in Virtual Digital Asset MarketÂ
South Korea's FSC shared a document that states that around 3,500 listed companies and corporations have registered as professional investors under the Capital Market Act. As part of the roadmap, select institutional investors will be permitted to open real name trading accounts for VDA participation.
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Apple to Let Music Streaming Apps in Europe Link to Own Websites for Purchases to Comply With EU Rules
Apple announced measures on Friday to make it easier for music streaming apps on its App Store in the European Economic Area to inform users of other ways to purchase digital services, as it looks to comply with a European Union mandate.
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Thailand Blames Facebook for Getting Thousands Duped to Crypto Scams, Plans Legal Action
Thailand’s ministry of digital economy has called out Facebook for not maintaining an oversight on potential scams. The Thai authorities have alleged over 2,00,000 of its nationals have been duped via crypto investment and high return auction suggestions, all via Facebook.
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Japan Crypto Exchanges Pushing For Margin Trading Relaxation For Sector Growth
Japan’s crypto exchanges are pushing for a relaxation of curbs on margin trading, unbowed by last year’s global digital-asset market crash. Many people in the industry want permitted leverage for retail investors of four to 10 times whereas currently, customers can at most double exposure via borrowing.
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ONDC Framing Mechanism to Ensure Rule Compliance by Entities Involved
Government-promoted Open Network for Digital Commerce (ONDC) is framing a mechanism to ensure compliance with its rules by entities involved in online retail trading, a senior official said on Thursday. The ONDC aims to promote an open platform for all aspects of e-commerce retail. It would help small retailers expand their business through e-comme...
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Government Imposes Anti-Money Laundering Provisions on Crypto Sector in India: Details
The Finance Ministry on Tuesday announced that it was applying anti-money laundering legislation to crypto trading, safekeeping and related financial services. The government has already levied more stringent tax rules on the crypto sector, including applying a levy on trading in 2022.
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South Africa Classifies Crypto Assets as Financial Products, Clears Deck for Regulation
South Africa's financial watchdog, the Financial Sector Conduct Authority (FSCA), on Wednesday said that it had classified cryptocurrency assets as financial products. The move comes ahead of plans to regulate the crypto sector. Financial watchdogs across the globe have been grappling with how to regulate new digital currencies and tokens, the pric...
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Crypto Trading Volume Nosedives in India Days After Tax Rule Implemented: Crebaco
India’s tax laws on virtual digital assets is hampering crypto trading in the nation, a report by research firm Crebaco has claimed. It says that exchanges like WazirX, CoinDCX, and ZebPay have seen trading activities slip subtantially downwards in the last ten days. India’s tax laws on digital assets came into effect on April 1.
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Thailand Clears Relaxed Tax Rules For Digital Assets
Thailand's cabinet on Tuesday relaxed tax rules for investments in digital assets to help promote and develop the industry following a surge in cryptocurrency trading in Southeast Asia's second-largest economy.
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Opinion: Sorry, No Mastercard? Here's The Problem
Mastercard Inc. has been told not to issue new cards in India. It's a move that underscores the urgent need of a U.S.-led digital trade pact to set global standards for what sovereign states can and cannot do to firms that obtain and process data int
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EU Tax Commissioner Slams US Plans on Tech Tax
A global reform of the taxation of corporate digital revenues is very unlikely if the United States continues backing a "safe harbour" plan which would allow firms to choose how to be taxed, European Union tax commissioner Paolo Gentiloni said on Tuesday.
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Germany's Angela Merkel Says Digital World Needs Global Rules
German Chancellor Angela Merkel said on Saturday that the digital world needs regulations like those that exist for financial markets in the G20 and for trade under the World Trade Organization
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Apple patent wins could mean US import ban for Samsung
The U.S. International Trade Commission on Friday ruled that South Korea's Samsung infringes on portions of two Apple Inc patents on digital mobile devices, covering the detection of headphone jacks and operation of touchscreens.
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South Korea’s FSC Unveils Plan to Define Corporate Participation in Virtual Digital Asset MarketÂ
South Korea's FSC shared a document that states that around 3,500 listed companies and corporations have registered as professional investors under the Capital Market Act. As part of the roadmap, select institutional investors will be permitted to open real name trading accounts for VDA participation.
-
Apple to Let Music Streaming Apps in Europe Link to Own Websites for Purchases to Comply With EU Rules
Apple announced measures on Friday to make it easier for music streaming apps on its App Store in the European Economic Area to inform users of other ways to purchase digital services, as it looks to comply with a European Union mandate.
-
Thailand Blames Facebook for Getting Thousands Duped to Crypto Scams, Plans Legal Action
Thailand’s ministry of digital economy has called out Facebook for not maintaining an oversight on potential scams. The Thai authorities have alleged over 2,00,000 of its nationals have been duped via crypto investment and high return auction suggestions, all via Facebook.
-
Japan Crypto Exchanges Pushing For Margin Trading Relaxation For Sector Growth
Japan’s crypto exchanges are pushing for a relaxation of curbs on margin trading, unbowed by last year’s global digital-asset market crash. Many people in the industry want permitted leverage for retail investors of four to 10 times whereas currently, customers can at most double exposure via borrowing.
-
ONDC Framing Mechanism to Ensure Rule Compliance by Entities Involved
Government-promoted Open Network for Digital Commerce (ONDC) is framing a mechanism to ensure compliance with its rules by entities involved in online retail trading, a senior official said on Thursday. The ONDC aims to promote an open platform for all aspects of e-commerce retail. It would help small retailers expand their business through e-comme...
-
Government Imposes Anti-Money Laundering Provisions on Crypto Sector in India: Details
The Finance Ministry on Tuesday announced that it was applying anti-money laundering legislation to crypto trading, safekeeping and related financial services. The government has already levied more stringent tax rules on the crypto sector, including applying a levy on trading in 2022.
-
South Africa Classifies Crypto Assets as Financial Products, Clears Deck for Regulation
South Africa's financial watchdog, the Financial Sector Conduct Authority (FSCA), on Wednesday said that it had classified cryptocurrency assets as financial products. The move comes ahead of plans to regulate the crypto sector. Financial watchdogs across the globe have been grappling with how to regulate new digital currencies and tokens, the pric...
-
Crypto Trading Volume Nosedives in India Days After Tax Rule Implemented: Crebaco
India’s tax laws on virtual digital assets is hampering crypto trading in the nation, a report by research firm Crebaco has claimed. It says that exchanges like WazirX, CoinDCX, and ZebPay have seen trading activities slip subtantially downwards in the last ten days. India’s tax laws on digital assets came into effect on April 1.
-
Thailand Clears Relaxed Tax Rules For Digital Assets
Thailand's cabinet on Tuesday relaxed tax rules for investments in digital assets to help promote and develop the industry following a surge in cryptocurrency trading in Southeast Asia's second-largest economy.
-
Opinion: Sorry, No Mastercard? Here's The Problem
Mastercard Inc. has been told not to issue new cards in India. It's a move that underscores the urgent need of a U.S.-led digital trade pact to set global standards for what sovereign states can and cannot do to firms that obtain and process data int
-
EU Tax Commissioner Slams US Plans on Tech Tax
A global reform of the taxation of corporate digital revenues is very unlikely if the United States continues backing a "safe harbour" plan which would allow firms to choose how to be taxed, European Union tax commissioner Paolo Gentiloni said on Tuesday.
-
Germany's Angela Merkel Says Digital World Needs Global Rules
German Chancellor Angela Merkel said on Saturday that the digital world needs regulations like those that exist for financial markets in the G20 and for trade under the World Trade Organization
-
Apple patent wins could mean US import ban for Samsung
The U.S. International Trade Commission on Friday ruled that South Korea's Samsung infringes on portions of two Apple Inc patents on digital mobile devices, covering the detection of headphone jacks and operation of touchscreens.
