"Cryptocurrencies"

Zipmex Thailand has announced that it would gradually return three types of crypto coins to its customers whose ZipUp+ accounts have been frozen, starting with SOL.

Prosecutors have raided the parent company of Terraform Labs as part of a broadening investigation into the massive collapse of the firm's Luna and TerraUSD cryptocurrencies, sources said Sunday.

Speaking in the Lok Sabha on Monday, Finance Minister Nirmala Sitharaman said that the Reserve Bank of India (RBI) has once again suggested making a framework to regulate cryptocurrencies.

South Korean entrepreneur Do Kwon was a rising star of the global digital asset market when his company Terraform Labs launched the cryptocurrencies UST and luna three years ago.

Cryptocurrencies nursed large losses on Friday (May 13), with Bitcoin back above $30,000 but still set for a record losing streak after the collapse of TerraUSD, a so-called stablecoin, rippled through cryptocurrency markets.

The Indian government is considering taxing cryptocurrencies such as Bitcoin on par with casinos, lotteries, betting and racecourses, sources said.

Amidst the war in Ukraine, the use of cryptocurrencies has passed a true test of strength in the debate on the advantages of using cryptocurrencies over traditional ‘money’, as they are decentralised and might be the only means of payments left.

The Revenue Department has issued guidelines on the waiver of income tax on revenue earned from the transfer of cryptocurrency or digital tokens.

When new rules come in force from April 1, buyers of property or vehicles will still be able to use digital money as a guarantee, but not to pay for the purchase, a senior official from the Bank of Thailand said recently.

The finance minister and the Bank of Thailand (BOT) on Thursday reiterated that cryptocurrencies cannot be used as a means of payment because it could affect the stability of the baht.

The Cabinet on Tuesday approved value-added tax (VAT) exemption and personal income tax deduction on cryptocurrencies and digital token trading.

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