Category Archives: Exchange

India May Levy 18 Percent Tax on Cryptocurrency Trading

As reported on Bloomberg, India may soon levy an 18 percent Goods and Services Tax (GST) on cryptocurrency trading, notwithstanding their legal ambiguity in the country. Currently, the proposal is being considered by the Central Board of Indirect Taxes and Customs, and shall be presented before the GST council after it’s finalized. Continue reading India May Levy 18 Percent Tax on Cryptocurrency Trading

Bank Of Canada Says Blockchain Effective For Securities Settlements, Questions ‘Benefits’

Canada’s central bank, Toronto Stock Exchange operator TMX Group, and non-profit organization Payments Canada, completed tests showing blockchain can be used for instantaneous securities settlements, Reuters reports today, May 11. Continue reading Bank Of Canada Says Blockchain Effective For Securities Settlements, Questions ‘Benefits’

UK-Based Crypto Trading Platform Launches “First Regulated” Ethereum Futures

Crypto Facilities, a UK-based cryptocurrency trading platform, has launched the “first regulated” futures contracts for Ethereum (ETH), the world’s second largest digital currency by market capitalization, according to a press-release May 11. Continue reading UK-Based Crypto Trading Platform Launches “First Regulated” Ethereum Futures

Indian Supreme Court Denies Interim Injunction Against Reserve Bank Of India Restrictions

The Supreme Court of India declined to grant an interim injunction against the Reserve Bank of India (RBI) circular banning banking services for companies dealing in cryptocurrency, according to a Twitter post by Crypto Kanoon May 11. Crypto Kanoon is a team of Indian lawyers engaged in crypto regulatory analysis and legal awareness. Continue reading Indian Supreme Court Denies Interim Injunction Against Reserve Bank Of India Restrictions