Dubai-Based Economic Freezone DIFC Gets Rules to Govern Web3 Firms: All Details Here

Dubai-Based Economic Freezone DIFC Gets Rules to Govern Web3 Firms: All Details Here

Dubai, the emerging global hotspot for Web3 activities and businesses, has taken another crucial step to make things more lucrative for interested folks. A layer of regulations dedicated to overseeing the Web3 sector, has been laid upon the Dubai International Financial Centre (DIFC). This special economic freezone located in Dubai,…

NYC bar Association Seeks Crypto-Friendly Policy Reforms to Beat Talent Exodus

NYC bar Association Seeks Crypto-Friendly Policy Reforms to Beat Talent Exodus

The Bar Association of New York City has noticed that certain policy reforms are required to maintain the city’s position as a lucrative hub for crypto and Web3 activities. At present, even though the US has not deployed concrete rules to govern crypto, several major companies are experimenting with digital…

CoinDCX Hatches a Million Dollar Plan to Reap Advantages of India’s Crackdown on Foreign Exchanges

CoinDCX Hatches a Million Dollar Plan to Reap Advantages of India’s Crackdown on Foreign Exchanges

Indian crypto exchanges are reaping the benefits of the government opening compliance investigations on foreign crypto exchanges like Binance and Kraken. Over the last week, Indian crypto exchanges recorded a massive inflow of deposits, that has now opened a competition amongst Indian exchanges. CoinDCX, that claims to have seen a…

‘Wait is Frustrating’: Indian Crypto Players Fear Losing Web3 Talent, Funding Amid Legal Delays

‘Wait is Frustrating’: Indian Crypto Players Fear Losing Web3 Talent, Funding Amid Legal Delays

The next eighteen months could seem like a lifetime for Web3 firms, waiting to take their operations full scale in the most populated country of the world, India. Despite a crypto roadmap having been finalised by G20 this year, India is still at least a year-and-a-half away from deploying these…

India’s 1 Percent TDS on Crypto Transactions Needs to be Slashed to 0.01 Percent: Study

India’s 1 Percent TDS on Crypto Transactions Needs to be Slashed to 0.01 Percent: Study

India, that has levied a one percent TDS on each crypto transaction, is again facing suggestions regarding a change in the law. In its latest study, Delhi-based think tank Esya Centre has advised the government to slash its 1 percent TDS on crypto transactions to 0.01 percent. In doing so,…

Binance Said to Be Under Investigation in France for Illegal Canvassing, Money Laundering

Binance Said to Be Under Investigation in France for Illegal Canvassing, Money Laundering

Binance, the largest cryptocurrency exchange, is under preliminary investigation by the Paris prosecutors office for both illegal canvassing of clients and aggravated money-laundering, French daily Le Monde reported on Friday. “In France, on-site visits by regulators and inspectors are part of regulatory obligations to which all financial institutions must adhere….

Binance to Launch Japan-Centric Crypto Exchange Soon, Vouches Regulatory Compliance

Binance to Launch Japan-Centric Crypto Exchange Soon, Vouches Regulatory Compliance

Japan, which in recent months has emerged as a top global contender to become a Web3 hotspot, is attracting industry players to go the extra mile and set up operations in the Asian nation. One of world’s biggest crypto exchanges, Binance, is now inching closer to launching a new exchange…

India Being Urged to Restore UPI Access for Users of Crypto Exchanges: Report

India Being Urged to Restore UPI Access for Users of Crypto Exchanges: Report

India is reportedly reconsidering to let crypto investors use Unified Payments Interface (UPI) to purchase digital assets like cryptocurrencies and non-fungible tokens (NFTs). The financial authorities of India have received multiple proposals, urging them to allow the integration of UPI for crypto transactions. These proposals have been sent by crypto…

April to July Period Crucial for Global Crypto Regulations, Hints Nirmala Sitharaman

April to July Period Crucial for Global Crypto Regulations, Hints Nirmala Sitharaman

India, under its ongoing G20 Presidency, is spearheading the process of formulating crypto laws that would work uniformly on an international level and make the sector safer against crimes and misuse. In a fresh development, Indian finance minister Nirmala Sitharaman has disclosed that the three-month period between April and July…

IMF Teams up with India to Formulate Global Level Crypto Laws Under G20 Framework

IMF Teams up with India to Formulate Global Level Crypto Laws Under G20 Framework

India has welcomed the International Monetary Fund (IMF)’s aid in its quest to formulate crypto laws that would work on an international level. The development has been confirmed by Ajay Seth, Secretary of India’s Department of Economic Affairs. India took over the presidency of the G20 group of nations in…