📢 Big news! Hong Kong opens doors for retail investors to buy #Bitcoin, marking a shift in China’s stance. Learn more about the implications and impact on the crypto market. #HongKongBitcoin #CryptoInvesting #China
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 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
