Business

India virtual currency industry calls for tax relief ahead of 2023 Union Budget
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22 January, 2023

India virtual currency industry calls for tax relief ahead of 2023 Union Budget

Stakeholders argue that reducing TDS from 1% to 0.01% would provide competitive prices to India's virtual currency users and safeguard...
Digital currency firm Amber reduces employee count in Hong Kong: report
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22 January, 2023

Digital currency firm Amber reduces employee count in Hong Kong: report

Amber terminated the contracts of 40 individuals across several departments in its Hong Kong office, including risk management, IT, and...
Central African Republic sets up new task force to integrate Sango Coin into its economy
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22 January, 2023

Central African Republic sets up new task force to integrate Sango Coin into its economy

CAR’s government picked representatives from various ministries and agencies to work out how best to integrate Sango, a project that...
ConsenSys slashes workforce by 11% due to unfavorable macroeconomic conditions
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21 January, 2023

ConsenSys slashes workforce by 11% due to unfavorable macroeconomic conditions

The ConsenSys layoffs will affect 96 employees across several teams, which CEO Joseph Lubin says was caused by certain "poorly...
UK Lords: Broader regulation is needed to govern Bitcoin and digital currencies
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21 January, 2023

UK Lords: Broader regulation is needed to govern Bitcoin and digital currencies

After its second reading of the Financial Services and Markets Bill, members of the British House of Lords have voiced...
South Korean court rules NFTs as speculative and not protected under legislation
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21 January, 2023

South Korean court rules NFTs as speculative and not protected under legislation

Gaming items converted to NFTs are considered "gifts prohibited under the Game Industry Act," and dealing with them equates to...
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