Author: Crypto Insider

According to the Economic Times, the Indian government is planning to compartmentalize virtual currencies and their tax treatment based on their use cases —payments, investment, or utility. Although the Reserve Bank of India (RBI) has not granted legal tender status to Bitcoin and other cryptocurrencies, it is eager to charge tax on cryptocurrency investment gains….

On Sept. 8, Ukrainian lawmakers voted for the bill legalizing and regulating cryptocurrency and other virtual assets in the country. Before, cryptocurrencies have been neither legal nor forbidden in Ukraine because there were no laws that defined their status. Ukrainians could buy and exchange virtual currencies, but local courts couldn’t protect them if something went…

Bitcoin, the world’s biggest cryptocurrency, fell on Tuesday more than 17% to $43,000 before paring some losses to trade down 9.2% at $47,140. Smaller rival Ethereum coin plunged 12 %. Shares of major cryptocurrency exchanges also fell as crypto stocks were hit by trading platform outages. Although Bitcoin is the largest cryptocurrency in the world…

On Tuesday, El Salvador became the first country to adopt Bitcoin as legal tender, although this radical monetary experiment could pose risks to the emerging economy. On the first day, it already suffered teething problems when the government had to unplug a digital wallet to cope with demand. September 7, 2021, will be forever etched…

Visa, the multinational payment giant, has announced it is planning to bring cryptocurrency services to traditional banking platforms in Brazil. The company also revealed that it is working with several crypto companies in the country to bring cryptocurrency payment cards to the market, hinting at a possible direct integration of Bitcoin in payments. In a…

From 68,110 to 92,855 of lost Bitcoin, or up to $4.8 billion worth of crypto, could be recovered and returned to their owners, according to an analysis by Chris and Charlie Brooks, a father and son who run Crypto Asset Recovery. Chris and Charlie Brooks operate in New Hampshire, US, in the firm, specializing in…