Tightening taxes on digital money in India
In India, the Directorate General of GST Intelligence (DGGI) seized $12.6 million from 11 cryptocurrency exchanges. The main reason for the seizure was the charge of tax evasion.
Arrest warrant for Nelson Mandela sold for $130,000 as an NFT
A non-fungible arrest warrant token of the South African democracy icon sold for $130,000 at an auction for the Liliesleaf Museum.
What changes are waiting for the British crypto industry after March 31?
The coming weeks will be decisive for the British crypto industry. The UK government plans to present to the public a strategy for regulating the crypto market. According to industry sources who wish to remain anonymous, special attention will be paid to the legal regulation of the sector and stablecoins.
The Japanese government will review the Foreign Exchange Law to close backdoors for sanctions evasion
The Japanese government has stated that it will look for an opportunity to close any backdoors for sanctions evasion against the Russian Federation. On Monday, the Japanese government made a statement that the country’s currency legislation will be revised in order to prevent Russia’s attempts to evade Western sanctions restrictions with cryptocurrency assets. For this purpose, during the next meeting of the Japanese Parliament, the Kishida government will revise the Law on Foreign Exchange and Foreign Trade. This was reported to the Reuters news agency by Hirokazu Matsuno, chief secretary of the Cabinet of Ministers of Japan.
South Korean technology company LG Electronics Inc. wants to enter the cryptocurrency sector
On Thursday, a meeting of shareholders took place, at which it was decided to integrate the blockchain into the company’s development plan. According to the Korean JoongAng Daily media resource, the corporation’s charter refers to the “development and sale of blockchain-based software” and “the sale and mediation in cryptocurrency.”
The SEC vs Ripple Lawsuit is Not Over Just Yet
The United States Securities and Exchange Commission’s (SEC) legal dispute against Ripple Labs, and individual defendants including CEO of Ripple Labs Brad Garlinghouse and co-founder Chris Larsen, continues to garner attention. On March 24, the court granted the SEC an extension to submit a discovery schedule relating to the case, marking a small victory for the American financial watchdog.
Hacker who cracked Cashio returned the funds to “poor wallets”
The journalistic cliché that “the DeFi world was rocked by a hack” could be used again.
Google has filed a patent for the trademark “Non-Fungible Planet”
On March 21st, Google applied for the “Non-Fungible Planet” patent, which by name correlates with non-fungible tokens (NFTs) in the cryptocurrency sphere. However, this project will not be related to the crypto industry and intends to highlight problems related to climate change.
NFT Collection by Sylvester Stallone
American actor Sylvester Stallone will release a collection of NFTs, as well as provide some NFT holders with the opportunity to meet in person.
Ukraine launches NFT “Museum of War”
As part of crowdfunding for the military forces, the Ministry of Digital Transformation of Ukraine, together with Ukrainian and foreign artists, created an NFT museum about the events of the Russian war against Ukraine.
Ban on crypto payments in Thailand
Thailand will prohibit the use of digital assets as means of payment for goods and services. The cryptocurrency sector remains a controversial phenomenon in Thailand. Now the authorities are planning to introduce a ban on cryptocurrency as the form of payment from April 1, as they believe that this could endanger the country’s financial sector and economy.
Goldman Sachs and a collaboration with Galaxy Digital
Goldman Sachs became the first major US bank to conduct an over-the-counter crypto transaction.
Legal action was brought against Binance
Colombian traders sued Binance due to the blocking of funds. Over 20 individuals claim that the Binance crypto-exchange blocked their accounts due to the request of the Dutch public bodies.
The Bank of Canada and the Massachusetts Institute of Technology are investigating CBDC
The Central Bank of Canada has joined forces with the Massachusetts Institute of Technology to conduct research on a central bank digital currency (CBDC).
Mexican and Colombian drug cartels have begun to use bitcoin more often
According to a recent report by the United Nations Office on Drugs and Crime, some known drug cartels of the new generation such as Jalisco and Sinaloa are increasingly using cryptocurrencies in their criminal activities as new digital assets have become a convenient financial tool.
$ 7 million: the Ministry of Digital Transformation calculated the cryptocurrency sent to help the Ukrainian army
Over the first day, more than 7 million dollars were received on crypto wallets that were created by the Ministry of Digital Transformation of Ukraine. Information about this is confirmed by the Ministry of Digital Transformation itself and data on crypto wallets on the Blockchain.com website.
Miner service stops in Russia: FlexPool statement
According to FlexPool, which is one of the largest Ethereum mining pools, it no longer serves IP addresses from the Russian Federation. These measures are caused by Russia’s invasion of the territory of Ukraine.
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