Digital currencies could erode tax profits, Russian tax company chief says
currencies Digital

Digital currencies could erode tax profits, Russian tax company chief says

Home » Business » Digital currencies could erode tax profits, Russian tax agency chief says Digital currencies pose a unique threat to Russia’s taxation activities, according to the head of the country’s tax agency. In an interview, he said his agency closely monitors digital currency activities for tax evaders, but acknowledged that digital currency users…

FCA to invest $670k on digital foreign currency training and forensics
Digital Spend

FCA to invest $670k on digital foreign currency training and forensics

The United Kingdom’s financial regulator is seeking better oversight over the digital currency industry. The Financial Conduct Authority (FCA) has issued a tender offer for a company that can provide blockchain data forensic services and train its employees on digital currencies. FCA has become ever more involved in the digital currency industry. While it only…

India digital foreign currency exchanges apt to be classified as e-commerce systems
Digital India

India digital foreign currency exchanges apt to be classified as e-commerce systems

Home » Business » India digital currency exchanges likely to be classified as e-commerce platforms The Indian government plans to classify digital currency exchanges as e-commerce platforms, and will also impose a 1% tax deduction under the goods and services tax (GST) regime, local news agency Business Standard reports. The GST, which has been effective…

Digital currency hackers outdoor camping at Russias well-known skyscraper: report
currency Digital

Digital currency hackers outdoor camping at Russias well-known skyscraper: report

Home » Tech » Digital currency hackers camping out at Russia’s popular skyscraper: report As the digital currency industry gains more popularity, there has been greater concern over the security of investing in the industry. Cybercrime, no doubt, is at the epicenter of these security concerns. In an attempt to tackle cyber-related crime, the U.S.…

Digital currencies wont impact All of us sanctions, Treasury exec says
currencies Digital

Digital currencies wont impact All of us sanctions, Treasury exec says

Russia’s digital ruble won’t help the country avoid U.S. sanctions because the global economy is “interconnected,” an official said…

Digital currency eyed as transaction option for workers inside Brazil
currency Digital

Digital currency eyed as transaction option for workers inside Brazil

In September, draft Bill 2.303/15 introduced by Deputy Aureo Ribeiro in the Brazilian House of Representatives was approved by a special commission of the House. It was then presented in the Plenary of Chambers for the assent of the chamber to legalize the use of digital currency like BTC in the country.  Roberto Campos Neto, president…

Russia digital currency marketplace developing despite regulatory inadequacy, exec says
Digital Russia

Russia digital currency marketplace developing despite regulatory inadequacy, exec says

Home » Business » Russia digital currency market growing despite regulatory inadequacy, exec says The digital currency market in Russia has proven to be unaffected by uncertain government regulatory measures. According to reports, the sector maintains a surprising positive trend in the absence of regulation. In recent weeks, regulatory shortcomings or inadequacy have seen various digital currency…

Australia digital foreign currency industry thinking about regulations, senator says
Australia Digital

Australia digital foreign currency industry thinking about regulations, senator says

Home » Business » Australia digital currency industry keen on regulations, senator says Digital currency companies in Australia are keen on embracing regulations, according to Senator Andrew Bragg who also revealed that there would be robust regulations for the sector within the next 12 months, which he believes will bring credibility to the sector. Australia…

India digital currency law expected during budget in February 2022: officials
Digital India

India digital currency law expected during budget in February 2022: officials

Home » Business » India digital currency law expected during budget in February 2022: officials India’s long awaited digital currency law could finally be announced in the upcoming budget in February 2022, putting an end to the long-running discussions of how digital currency activities should be regulated in the country. Despite widespread skepticism across Indian…

2 digital foreign currency exchanges under probe in Sweden over AML compliance
currency Digital

2 digital foreign currency exchanges under probe in Sweden over AML compliance

Home » Business » 2 digital currency exchanges under probe in Sweden over AML compliance Sweden’s financial regulator, the Financial Supervisory Authority, has said it is investigating two local digital currency exchanges to determine how effectively they are complying with requirements under anti-money laundering provisions. The Financial Supervisory Authority, known in Sweden as FI, said…