Cryptocurrencies cannot be ignored at this time – Zimbabwe Finance Minister
The Zimbabwe Finance Minister, Mthuli Ncube suggests treating cryptocurrency as a type of investment rather than a currency. In 2021, the cryptocurrency industry became mainstream, drawing not only institutional investors and millionaires, but also governments. First, El Salvador made history by making Bitcoin legal tender, setting off a chain reaction that saw countries like Paraguay, […]
Korean Finance Minister plans to fight moves delaying the crypto tax code
The South Korean ruling party is planning to attempt a postponement of the crypto tax laws but the Finance Minister Hong Nam-Ki is not having it and considers the delay unnecessary. Despite advances this week by the dominant Democratic Party to postpone the controversial crypto tax legislation to 2023, South Korea’s Minister of Strategy and […]
Austrian finance minister calls for stricter crypto regulations
Gernot Blumel, Austria’s finance minister, has urged for tighter regulation of crypto assets in the country. In addition, the minister emphasized his desire is to tax cryptocurrency in the same way that equities are taxed. While addressing at a German-language ministers meeting in Liechtenstein, Blumel specifically mentioned stricter crypto regulation and taxation. Cryptocurrencies have already […]
Crypto bill is almost ready – Nirmala Sitharaman
Nirmala Sitharaman, India’s finance minister, said on Monday that the government was working on new cryptocurrency legislation, she also hinted that in the bill, investors may have an exit option. The Union Cabinet is expected to pass legislation soon to regulate cryptocurrencies and their expanding sector in India. Although cryptocurrency will not be openly banned, […]