Italy Approves a 26% Capital Gains Tax on Crypto Traders
According to the new budget approved by the Italian Parliament on Thursday, crypto traders will have to pay a capital gains tax of 26% starting in 2023. Reuters reported that Giorgia Meloni’s…
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The SEC has begun a crackdown on cryptocurrency: Gary Gensler
Gary Gensler, chairman of the Securities and Exchange Commission (SEC), has revealed that the regulator will use all available tools to bring crypto platforms into compliance with its rules. In addition, the…
Next financial crisis will be caused by crypto currencies: Indian Central Bank Governor
In a recent interview with the Reserve Bank of India (RBI), the governor said that cryptocurrencies, such as bitcoin and ether, would cause the next financial crisis. According to the chief of…
International collaboration needed to regulate crypto: Indian Finance Ministry
In the Indian parliament, a Lok Sabha member asked the Finance Ministry about the cryptocurrency bill. In response to a Lok Sabha question, Minister of State for Finance Pankaj Chaudhary said crypto…
Crypto intermediaries should be regulated, says SEC chairman
SEC Chairman Gary Gensler and staff are facing a lot of criticism after the collapse of FTX, one of the largest crypto exchanges. The SEC Chairman has spoken about crypto regulations for…
Payments over $1,000 in cryptocurrency will be scrutinized by the European Union
New directives from the European Union aim to restrict the use of cash and alternative currencies such as crypto for criminal purposes. As of Nov. 6, the bloc agreed to limit cash…
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