AZ Alkmaar, a Dutch football team to retain BTC and pay its players in Bitcoin
Az Alkmaar is expected to become the first Dutch professional football team to pay player salaries in Bitcoin. Az Alkmaar is going to become the Netherlands’ first professional football team to pay player salaries in Bitcoin (BTC). The Eredivisie team, which finished third in the 2020/2021 Dutch football season, appointed crypto broker Bitcoin Meester as […]
Foreign Crypto Exchanges In India may be required to pay an 18% Additional Tax
Due to no clear regulatory guidelines, foreign crypto exchanges do not have a defined tax bracket, however, The Indian tax authority is planning to impose an 18% additional tax on them. According to a statement in The Economic Times, foreign crypto exchanges who provide services to Indian customers may be required to pay an extra […]
To reduce speculation, Huobi Crypto withdrawals: Huobi imposes a 24-hour hold to limit speculation
Huobi’s move is in line with Beijing’s multi-pronged crackdown against cryptocurrency investors in the country. The move is a setback for all Huobi users, who will be unable to withdraw their tokens for up to 36 hours if the exchange’s risk assessment system deems them to be particularly at risk. The move is part of […]
The Cayman Islands and Thai SEC issues regulations against Binance’s activities
Financial watchdogs in Thailand and the Cayman Islands have also joined the rest of the world including, Japan, U.K. and others to issue regulatory actions against Binance. Regulators continue to question the legality of Binance’s operations in various countries, despite the fact that it is the largest cryptocurrency exchange by trade volume. The Securities and […]
Iran’s Ministry of Industries, Mining and Trade approves operating permits for 30 crypto mining centers
Only one license to manage a crypto mining center was given to Tehran Province, which is home to Iran’s capital. Last Wednesday, Iran’s Ministry of Industries, Mining, and Trade approved operating permits for 30 crypto mining centers in the country, according to the country’s Financial Tribue. According to the report, Iran’s Semnan Province acquired the […]