Thailand would no longer be imposing a withholding tax on crypto transactions. The announcement came as the planned taxation scheme received heavy opposition from industry participants. Thailand has abandoned plans to...

Bank of Russia recently proposed to ban most crypto activities including mining on Russian territory citing threats to financial stability and the countrys monetary policy sovereignty. However, the former president and...

The Brazilian city of Rio de Janeiro recently announced that it will allocate 1 percent of the citys treasury reserves to cryptos, such as Bitcoin (BTC). A city official explained that the move is aimed at lessening...

The International Monetary Fund recently urged El Salvador to discontinue using Bitcoin (BTC) as legal tender citing potential risks. However, the country remains bullish on the crypto and even announced that it bought...

As South Koreas presidential election approaches, candidates are busy trying to gain voters support by highlighting their stance on a number of issues. One candidate is trying to woo crypto investors by pledging his...

Crypto exchange Bitfinex appears to be closing its operations in Ontario, Canadas most populous province. In an announcement, the company told Ontario-based users to close accounts on or before March 1, 2021. ...

Federal Reserve Chairman Jerome Powell revealed that he does not view crypto as a concern for financial stability. He also said that private cryptos including stablecoins could coexist with a central bank-issued digital...

With the rapidly growing crypto market, tax authorities worldwide have started taxing the industry to boost their revenues. The latest to join the trend is Thailand, which will start imposing taxes on crypto earnings this...

Jamaica is moving ahead with its central bank digital currency project. After completing the pilot last year, the country is set to roll out its digital is set to roll out its CBDC by the first quarter of 2022. Bank of...

The Kosovo government had decided to impose a temporary ban on crypto mining activities in the country. The move is aimed at saving energy and as the country faces power shortages during the winter season. In a...