Latest updates of Cryptocurrency

Latest updates of Cryptocurrency

Indian Parliament member has asked the government to tax cryptocurrency income at more than 30%.

A member of the Indian Parliament has urged the government to increase the tax on cryptocurrency payments from the current proposed rate of 30%, claiming that focusing on cryptocurrency trading is akin to gambling. He has also suggested that the GST (goods and services tax) be imposed on the entire trading value of cryptocurrency.

The Rajya Sabha, India's upper house of Parliament, is now debating India's Finance Bill 2022, which includes the proposed 30% tax on crypto payments.

Sushil Kumar Modi, a member of Parliament, is said to have suggested that the government increase the tax on cryptocurrency payments from 30% to 40% on Monday.

Cryptocurrencies should be legalized, according to Russian Prime Minister Vladimir Putin and the Russian Economy Ministry.

Mikhail Mishustin, Russia's president, and the Russian Ministry of Economic Development have worked to integrate cryptocurrencies into the country's economy. The assistance comes as sanctions on Russia grow in response to the conflict in Ukraine, limiting Russia's access to international funding.

The Russian Finance Ministry's push to legalize cryptocurrency is gaining traction. Despite the national bank's adamant opposition, Russian experts are working toward accepting a fully authorized cryptocurrency system. Other government agencies and authorities have backed the Finance Ministry's legalization-friendly process, which is especially important since Russia is facing unprecedented sanctions, including monetary restrictions.

The Vietnamese government and central bank are working to create a legal framework for cryptocurrency.

Vietnam is putting together a regulatory framework for cryptocurrencies. The deputy prime minister of Vietnam has directed the ministries of finance, justice, and information and communications to collaborate on the framework with the country's central bank, the State Bank of Vietnam.

Last week, three ministries were reportedly notified by Vietnamese Deputy Prime Minister Le Minh Khai, asking them to cooperate with the central bank, the State Bank of Vietnam, and other necessary entities to develop a legal framework for cryptocurrencies. Finance, Justice, and Information and Communications are the three ministries.

The new documentary 'Bitcoin in Cowboy County' is about gas-to-bitcoin mining in Central Wyoming.

According to Compass Mining, another report concerning bitcoin mining tasks in central Wyoming, a bitcoin mining activity and mining rig affiliate, will be presented. "Bitcoin in Cowboy County: Wyoming's Powder River Miners" will debut at the Empower Conference in Houston, Texas, on March 31.

Compass Mining and JAI Energy will launch a documentary about bitcoin mining at the Empower Conference in Texas.

Another film about bitcoin mining and its ties to Wyoming's oil and gas industry is currently under development. The story, which will feature JAI Energy, a bitcoin energy provider, will be broadcast by Compass Mining. [The film] depicts the operations of JAI Energy.

In the bank's first OTC cryptocurrency transaction, Goldman Sachs trades a Bitcoin non-deliverable option.

On Monday, Goldman Sachs, a large investment bank and financial services organization, said it had directed an over-the-counter (OTC) crypto exchange with Galaxy Digital, an advanced money firm. Max Minton, the chief of computerized resources for Goldman Sachs' Asia Pacific unit, expressed satisfaction with the bank's "first money settled digital currency selections exchange with Galaxy" following the OTC repayment.

According to many sources and a public release, Goldman Sachs (NYSE: GS) has concluded an over-the-counter (OTC) cryptographic money exchange with Galaxy Digital, a crypto company formed by Mike Novogratz in January 2018. The Wall Street powerhouse Goldman Sachs has teamed up with Galaxy Digital to undertake a crypto OTC transfer. The transaction is in progress.

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