Bill to Exempt Foreigners from Crypto Taxes in Israel Passes Preliminary Reading
On June 5, the Knesset (parliament) passed the preliminary reading of a bill that would exempt foreigners from capital gains taxes on the sale of digital currencies and digital assets. The measure would also increase the parity between crypto bonuses and stock options for employees by reducing the tax on the former from 50% to […]
South Africa to require crypto licenses for exchanges by 2023 end
South Africa plans to take enforcement action against crypto exchanges operating without a license by the end of 2023. According to Financial Sector Conduct Authority (FSCA) commissioner Unathi Kamlana, the organization has received about 20 license applications since its recent launch and anticipates receiving more before the deadline of November 30, according to Bloomberg. According […]
India Fosters Global Cross-Border Payments for Digital Rupee
The Reserve Bank of India (RBI) is on course to expand the frontiers of its Central Bank Digital Currency (CBDC), the “digital rupee”. The Reserve Bank of India (RBI) is presently in talks with counterparts from at least 18 other nations on the potential for cross-border payments using its Central Bank Digital Currency (CBDC), the […]