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In a highly anticipated outcome, the crypto trade sector has been included in the tax bracket. Financial minister Nirmala Sitharaman announced the NFTs and cryptocurrencies are to be taxed 30 percent moving forward from 2022 as part of the union budget proposal for 2022-2023. The announcement came in clear, mentioning the income from the digital
02 February 2022 /crypto Blockchain Observations
In today’s world, cryptocurrency has become an important asset, and owning some of it is equivalent to owning physical assets. But, minting such digital currency is becoming increasingly difficult due to many factors, which include higher system requirements, and legal restrictions, to name a few. A lot of startups are aiming at cryptocurrency as
01 February 2022 /crypto Blockchain Observations
So, how sustainable are eco-friendly cryptocurrencies, and what are their benefits in the real world? Green cryptocurrency boom Eco-friendly, or ‘green’ cryptocurrencies exploded into the headlines at the end of 2021 when Elon Musk announced that Tesla would stop accepting payments in Bitcoin due to the environmental impact of mining. At that tim...
27 January 2022 /sustainable /crypto The future of Payments in Europe
Hey peeps, are you looking for the simplest way to deploy a crypto trading platform? Why wait for a long time in this fast-paced, technology-driven modern world? It isn’t a tedious task with a cryptocurrency exchange script development. This blog is all about what crypto is and some popular available white-label crypto exchange clone scripts in th...
27 January 2022 /crypto Blockchain in Banking and Financial Services
Data is the new oil, and that means that it requires supporting infrastructure for safe handling. In the same way that oil and gas facilities are subject to inspections to verify whether their equipment is fit for purpose, companies can receive requests — under the EU’s General Data Protection Regulation (GDPR), the California Consumer Privacy Act ...
26 January 2022 /regulation /retail
Opportunities The decentralization, distributed accounts, smart contracts, and other features of blockchain technology will reconstruct the existing centralized financial infrastructure. Firstly, based on the decentralization of blockchain technology, the transaction, clearing and settlement processes in the financial system will directly achieve
25 January 2022 /wholesale /inclusion Blockchain in Banking and Financial Services
U.S. regulators have taken extraordinary measures in 2021 in voicing their concerns around the cryptocurrency industry along with passing critical regulation that will bring more clarity for crypto companies and how they can operate in the jurisdiction. The US Securities and Exchange Commission chairman Gary Gensler said recently that the governme...
25 January 2022 /payments /crypto Cryptocurrency Insights
Estimated reading time: 4 minutes In May 2021, the FCA published a consultation paper (CP21/13) on a “New Consumer Duty” in an attempt to stop consumers from being provided with misleading information, being provided with unsatisfactory support or buying products that are inappropriate or harmful. In its initial consultation, the FCA highlighted: ...
24 January 2022 /regulation /retail Banking Regulations
Every day, the popularity of blockchain technology is growing and there are a number of businesses adopting this new trend. This brings in a situation where these startups need funds to develop their project. Multi-chain Launchpad development is getting traction now as they aid new projects and also the best opportunity to enter the crypto space. ...
21 January 2022 /devops /crypto Blockchain Observations
Ideas are the lifeblood of Business. Capture every fleeting idea and drive for change ~ Richard Branson (a British business magnate). Every Business's heart is a product/service idea that persuades the target audience to engage. Simply put, the business idea sets forth the reasons (to invest/buy) before the audience. Talking about business ideas,...
21 January 2022 /inclusion /markets Blockchain Observations
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