Crypto and Fed digital dollar can coexist, says Fed Chair Jerome Powell
Powell says nothing would prevent a well-regulated stablecoin from coexisting with a US CBDC. He also revealed that a much-awaited report on cryptocurrencies was ready...
IMF wants El Salvador to drop Bitcoin as legal tender
El Salvador adopted Bitcoin as legal tender in September 2021 and wants to build a ‘Bitcoin city’. The IMF says the cryptocurrency poses threats to...
Russia banning crypto could have an opposite effect, former president Medvedev warns
Medvedev is a former Russian president and prime minister and currently the Deputy Chair of the Security Country. Russia’s intention to ban cryptocurrencies has elicited...
India to impose 30% tax on crypto income, CBDC in 2022-2023
The 30% tax is the highest income tax bracket in India India will also launch its digital rupee in the financial year 2022-2023, the Finance...
Taxes don’t mean crypto trading automatically becomes legal, Indian tax official says
India’s Finance Minister had announced a 30% tax on all crypto income, including NFTs Tax chief JB Mohapatra says the step doesn’t equate to legalizing...