By the end of the week, Russia is expected to roll out new laws to govern cryptocurrencies in the country. According to Russian media and the current draft of the laws, cryptocurrencies are most likely going to be treated as foreign currencies. This means that while cryptocurrency transactions will be allowed, it’s unlikely to be … Read more
Multiple government agencies are at play to catch the crooks in the cryptocurrency world. The income-tax department has slapped notices. The Enforcement Directorate is probing whether foreign exchange laws were violated by transferring funds to foreigners by sidestepping banks. And, recently, at least two large exchanges were raided for suspected GST evasion. A law on … Read more
Decentralised Finance (DeFi) companies have reached out to finance ministry for details on the proposed cryptocurrency regulations, seeking clarity over how the government would manage and streamline blockchain operations. DeFi firms, which offer interest on crypto deposits, insurance, and loans, are hoping that they would not be clubbed along with cryptocurrencies. DeFi is a decentralised … Read more
Nagpur: The booming trade in cryptocurrency has attracted many new age entrepreneurs to the industry, including a few professionals from Nagpur. However, uncertainty over the fate of the virtual money in the country after the government planned to bring in a law has derailed the plans of a few. A city professional Sandeep Agrawal and … Read more
The health secretary is facing legal action over the Immensa testing fiasco, in which about 43,000 people have been given false negative Covid results since September.The Good Law Project has sent a pre-action letter to Sajid Javid seeking answers over the scandal, which some experts believe has contributed to a rise in coronavirus cases in … Read more
Authorities in Slovenia have prepared new legislation tailored to determine how crypto holdings and transactions are taxed in the country. The proposal, aimed at clarifying the matter, has been submitted for public consultations this week, local media reports revealed. Slovenia to Amend Tax Rules for Cryptocurrencies The Finance Ministry in Ljubljana has opened public consultations … Read more
The Victorian government will introduce new laws that will give the premier sweeping powers to declare pandemics and enforce public health orders for three months at a time.Premier Daniel Andrews has defended the legislation, to be tabled in parliament on Tuesday, that would strip the chief health officer of their power to have a final … Read more
ROME — Italy on Friday set a new bar for major Western democracies seeking to move beyond the pandemic by enacting a sweeping law that requires the nation’s entire work force — public and private — to have government-issued health passes, essentially forcing Italians to choose between getting a pass and earning a living.With the … Read more