Regulation

Credit Cards Should Not Be Used for Crypto Transactions, Taiwan’s Financial Watchdog Says

Coins Legend July 24, 2022 0

The financial regulator of Taiwan has asked local banks not to allow the use of cards for payments in transactions involving cryptocurrencies, local media revealed. The authority says these assets are risky while associated cash flows are hard to monitor. Taiwanese Regulator Urges Banks Not to

Regulation

Colombian Financial Superintendence Prepares Norms for Crypto Transactions

Coins Legend June 17, 2022 0

The Colombian Financial Superintendence, the securities and financial watchdog of the country, is working on a document to regulate the transactions and operations made using cryptocurrency assets in the country. The organization announced that it will present the document in the coming weeks, which will issue norms for the treatment of these assets in the […]

Regulation

Ethiopian Central Bank Urges Residents to Stop Engaging in Crypto Transactions

Coins Legend June 8, 2022 0

The National Bank of Ethiopia (NBE) has said it does not recognize cryptocurrencies as a legitimate method of payment and that residents must avoid using them. The bank insists the local birr currency is the only lawful means of settling transactions in Ethiopia. Illegal Transactions The Ethiopian central bank has warned citizens against engaging in […]

Market updates

Report: Pakistan Can Generate $90 Million Annually if It Introduces a 15% Tax on Crypto Transactions

Coins Legend May 20, 2022 0

Pakistan can generate tax revenues of at least $90 million each year if authorities impose a 15% tax on cryptocurrency transactions, an executive with a cryptocurrency exchange has said. 15% Crypto Tax An executive with a Pakistani cryptocurrency exchange has said Islamabad can generate at least $90 million in tax revenues if authorities decide to […]