“It is critical for the Union Budget to clearly lay down taxation clarity around crypto assets by formally naming them in tax laws,” said a letter to India’s Finance Minister by IndiaTech.org, an industry body of startups including crypto exchanges. The group plays an active part in discussions about policy framework to regulate crypto with […]

Bitcoin fell for a seventh-straight day, the longest losing streak since 2018, slipping toward the key psychological threshold of $40,000. As of press time bitcoin (BTC) was changing hands around $40,800, down 2.3% over the past 24 hours, based on CoinDesk pricing. Bitcoin’s stretch of losses is now the longest since the downdraft from July […]

India’s central bank has created a dedicated department for fintech challenges, which includes a pair at their doorstep: framing cryptocurrency regulations and a Central Bank Digital Currency (CBDC). The move by the Reserve Bank of India (RBI) comes a fortnight after CoinDesk had reported about India’s framing of crypto regulations saying that “while the RBI […]

This episode is sponsored by Nexo, Abra and FTX US. Download the episode On today’s episode of “The Breakdown,” NLW provides a basic primer on the escalating political crisis in Kazakhstan. He covers: The country’s basic economic overview and modern political history. The fuel price increase that started protests on Sunday. How protests spread throughout […]