CoinDCX

First crypto-related exchange-traded fund gets green light in India

Source Node: https://bitcoinerx.com/bitcoin/first-crypto-related-exchange-traded-fund-gets-green-light-in-india/
Time Stamp: November 15, 2021 7:22 PM - Modified On: November 15, 2021 - Published By:
Source Cluster:
Republished By Plato

The Securities and Exchange Board of India (SEBI) has approved the first cryptocurrency ETF. According to local media, the regulator has approved Invesco’s CoinShares Global Blockchain ETF Fund. The fund owns Coinbase, Bitfarms, SBI Holdings, and MicroStrategy, among others. The fund has had a good year, earning 89.52% in returns. Invesco is positive about the asset class’s future, it noted in a document. Blockchain technology Because blockchain technology is new, the potential to change the global economy is huge. Like the internet, blockchain offers massive potential to investors. For institutional

Indian crypto investors may not be charged this tax

Source Node: https://ambcrypto.com/indian-crypto-investors-may-not-be-charged-this-tax/
Time Stamp: July 28, 2021 8:30 AM - Modified On: July 28, 2021 - Published By:
Source Cluster:
Republished By Plato

India may not be charging a 2% equalization levy on crypto investors. Finance Minister of India, Nirmala Sitharaman was responding to a query by the deputy chief minister of the eastern state of Bihar about data concerning crypto exchanges and their investors in the country. Sitharaman noted that the current administration did not collect any such information. Earlier reports stated that the tax department was analyzing whether the equalization tax will be applicable on the purchase of digital assets from overseas exchanges. This was because the country has expanded the

Slow But Steady: FATF Review Highlights Crypto Exchanges’ Struggle to Meet AML Standards

Source Node: https://cointelegraph.com/news/slow-but-steady-fatf-review-highlights-crypto-exchanges-struggle-to-meet-aml-standards
Time Stamp: August 8, 2020 9:00 AM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

In June 2019, the intergovernmental Financial Action Task Force (FATF) introduced its revised set of standards for virtual asset service providers. The document establishes the anti-money laundering and counter-terrorism (AML/CFT) requirements that regulated VASPs —  the term mainly referring to cryptocurrency trading platforms — must eventually implement in their day-to-day operations. The guidelines are framed as recommendations, and the FATF leaves it to the participating nations’ governments to develop their own regulations in accordance with suggested principles.The watchdog has also set a 12-month review timeframe to monitor the public and

Az indiai jegybank visszavág: két minisztériummal a háta mögött tiltaná be a kriptókat

Source Node: https://www.bitcoinbazis.hu/az-indiai-jegybank-visszavag-ket-miniszteriummal-a-hata-mogott-tiltana-be-a-kriptokat/
Time Stamp: August 6, 2020 1:32 AM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

Bár márciusban a legfelsőbb bíróság határozata értelmében megszűnt az indiai kriptotilalom, egy meg nem nevezett forrás szerint a jegybank mellett most a kormány is lépne az ügyben. Egy indiai kormányhivatalnok azt állítja, hogy két helyi minisztérium, valamint az ország jegybankja aktívan dolgozik egy olyan jogi keretrendszer megalkotásán, amely a kriptopénzek betiltását célozza meg a félszigeten. Az indiai Moneycontrol hírportál augusztus 4-i jelentése szerint az ország hatóságai arra készülnek, hogy egy törvényjavaslaton keresztül betiltsák a kriptokereskedéseket lakosaik számára. Az oldal egy meg nem nevezett politikusra hivatkozik, aki azt állítja, hogy az