Cryptoregulations

Hong kong crypto regulation
Hong Kong SFC Regulations for Virtual Asset Platforms

Hong Kong SFC concludes consultation on regulations for virtual asset trading platforms, enhancing investor protection and fostering a secure ecosystem. Non-security tokens face a 12-month no bad records requirement, while stablecoin purchases by retail investors are restricted. Stay tuned for the launch of compliant exchanges in Hong Kong. #VirtualAssets #Regulation #HongKongSFC

India on the Hunt, Targets 700 Crypto Investors for Tax
India on the Hunt, Targets 700 Crypto Investors for Tax

India recently applied a 30% crypto tax on high-value crypto transactions.  Most Indians believe this to be too high for tax.  Many have failed to file their crypto holdings in their tax returns. India’s Income Tax Department has flagged around 700 crypto investors. It seems these crypto investors are failing to pay taxes on high-value crypto transactions. To highlight, this hunt is in regard to India’s decision to put a tax on crypto transactions.  In detail, India recently took a positive step towards recognizing the legal use of cryptocurrencies within its borders. However, the citizens of India are not happy