Auto Added by WPeMatico

Indian Crypto Excange CoinDCX Extends Withdrawal Restrictions to Meet Compliance Requirements

India’s largest crypto exchange by value – CoinDCX – has extended the withdrawal restrictions that have been in place since May 13 until further notice. It said these extreme steps…

Continue ReadingIndian Crypto Excange CoinDCX Extends Withdrawal Restrictions to Meet Compliance Requirements

Netherlands-Based Coinbase Customers Required to Submit KYC Data When Transferring Crypto off the Platform

Coinbase has announced that the company plans to introduce a number of changes for customers in the Netherlands in order to comply with the 1977 Sanctions Act, a law that…

Continue ReadingNetherlands-Based Coinbase Customers Required to Submit KYC Data When Transferring Crypto off the Platform

Albania to Start Taxing Crypto-Related Income From 2023

Authorities in Albania are finalizing regulations that will allow the taxation of income and profits from cryptocurrency investments. The government intends to begin imposing the levy in 2023, after adopting…

Continue ReadingAlbania to Start Taxing Crypto-Related Income From 2023

Bill Imposing Fines for Illegal Issuance and Exchange of Digital Assets Proposed in Russia

A bill introducing financial penalties for those who illegally issue or exchange digital financial assets has been filed in the Russian parliament. The legislation has been submitted by the sponsor…

Continue ReadingBill Imposing Fines for Illegal Issuance and Exchange of Digital Assets Proposed in Russia

Swiss Regulator Urges Financial Watchdogs to Protect Crypto Investors

Crypto trading is increasingly similar to the U.S. stock market of the late 1920s, the head of the Swiss financial watchdog has remarked. The high-ranking official believes that regulatory agencies…

Continue ReadingSwiss Regulator Urges Financial Watchdogs to Protect Crypto Investors

MAS Fintech Chief: Singapore Will Be ‘Brutal and Unrelentingly Hard’ for Bad Actors in Crypto

Singapore is often considered one of the world’s most open economies, but its relationship with the crypto industry in recent times has been inconsistent. The fintech policy chief believes the…

Continue ReadingMAS Fintech Chief: Singapore Will Be ‘Brutal and Unrelentingly Hard’ for Bad Actors in Crypto

Russia to Trial Digital Ruble Settlements for Real Estate Deals

The Central Bank of Russia and participating commercial banks want to test various types of payments with the digital ruble, the Russian press reported. The plan is to experiment with…

Continue ReadingRussia to Trial Digital Ruble Settlements for Real Estate Deals

Wechat to Prohibit Accounts From Providing Some NFT and Crypto Services

Tencent’s Wechat intends to impose penalties on public accounts facilitating secondary trading of NFTs, a press report has revealed. Accounts offering transaction channels and guidance for cryptocurrencies have also been…

Continue ReadingWechat to Prohibit Accounts From Providing Some NFT and Crypto Services