“`html Summary of tax laws in India For the fiscal year 2024-2025, Indian taxation legislation considers cryptocurrencies as virtual digital assets (VDAs) per the Income Tax Act, 1961. Section 2(47A) clarifies its definition: Any code, number, token, or segment of data generated via cryptography qualifies as a VDA. The sole exception is cash itself—Indian rupees or any nation’s fiat currency.VDAs include cryptocurrencies such as Bitcoin (BTC) and Ether (ETH), in addition to non-fungible tokens (NFTs) and related digital tokens. While it is lawful to purchase, sell, and hold VDAs, they are not acknowledged as legitimate forms of payment.Put differently, cryptocurrency…
Autore: wsjcrypto
“`html The Bitcoin for Financial Services Summit, scheduled for October 16–18, 2025, at The Space in Denver’s RiNo district, will gather financial experts to investigate Bitcoin’s assimilation within conventional finance. With a limited attendance of 150, the gathering aims at accountants, wealth consultants, lawyers, insurance representatives, asset supervisors, and fintech innovators pursuing pragmatic methods for Bitcoin incorporation. Featuring Pierre Rochard, CEO of The Bitcoin Bond Company, and Andrew Hohns, CEO of Newmarket Capital, the summit promises actionable knowledge over three days. Sessions will address Bitcoin acquisition for households and enterprises, financial services, custody alternatives, cost basis monitoring, tax documentation, corporate…
“`html The CFA Society Philippines successfully wrapped up the Philippine Investment Conference 2025 (PIC 2025) on Aug. 29, 2025, at the Grand Hyatt Manila. With the theme “Bridging Eras, Embracing New Horizons,” the conference united investment experts, corporate executives, regulators, and scholars to investigate emerging patterns and tactics influencing the investment terrain. The event commenced with a keynote address by Atty. Francis Edralin Lim, chairman of the Securities and Exchange Commission, who imparted observations on the transforming financial environment and the merging of trends reshaping value generation across generations. Among the sessions, Dr. Jackie Yan (PwC China) analyzed structural transitions…
“`html Reliable Editorial material, assessed by prominent industry specialists and experienced editors. Advertisement Disclosure On Tuesday, the US Securities and Exchange Commission (SEC) along with the Commodity Futures Trading Commission (CFTC) released a crucial joint announcement that clarifies the regulatory framework for spot cryptocurrency products. Regulations for Spot Crypto Trading The announcement originates from a cooperative effort between the SEC’s Division of Trading and Markets and the CFTC’s Divisions of Market Oversight and Clearing and Risk, as part of the SEC’s Project Crypto and the CFTC’s Crypto Sprint, aimed at enhancing the trade of particular spot cryptocurrency assets. This collaboration…
“`html High street beauty retailer Lush has shuttered all of its UK outlets, production facilities, and its website in a single-day demonstration concerning the humanitarian emergency in Gaza. The Dorset-based firm expressed that the action, executed on Wednesday 3 September 2025, was meant as a sign of solidarity, with storefronts throughout the UK showcasing the message: “Stop starving Gaza – we are closed in solidarity.” In a declaration, Lush stated: “Throughout the Lush organization we share the grief that millions of individuals experience upon seeing the visuals of starving people in Gaza. One thing Lush can presently deliver to Gaza…
“`html Hyperliquid is gradually establishing a reputation within the decentralized finance (DeFi) arena. In August, the platform registered nearly $400 billion in perpetual trading volume and more than $106 million in revenue, as reported by DefiLlama. Related Reading This achievement not only solidifies Hyperliquid’s supremacy in the decentralized perpetuals sector, where it now holds about 70% of market share, but also indicates increasing acceptance by both retail and institutional investors. A significant factor contributing to this success is its unique HyperEVM blockchain, crafted for speed, scalability, and zero gas fees. These characteristics emulate the performance of centralized exchanges while preserving…
“`html The Verkhovna Rada, Ukraine’s legislative body, conducted the initial examination of a proposal to authorize and impose taxes on cryptocurrency on Wednesday, as stated by lawmaker Yaroslav Zhelezniak. If enacted, the proposal would profoundly influence the digital asset landscape in the nation, which ranks among the forefront countries in crypto adoption worldwide.In a message shared on a Telegram channel, Zhelezniak reported that the proposal moved past the initial reading with 246 lawmakers endorsing it. The draft legislation specifies an income tax of 18% and a military tax of 5% on profits from digital assets. Additionally, the proposal introduces a…
“`html Galaxy Digital’s chief executive Mike Novogratz stated that AI entities will soon rank as the primary consumers of stablecoins.In a discussion with Bloomberg released on Wednesday, Novogratz mentioned that “in the near future, the largest user of stablecoins is going to be AI.” He anticipated that consumers could instruct an AI to purchase their groceries, enabling it to autonomously carry out the necessary transactions:”Your grocery assistant, who understands your dietary preferences, knows whether you are on a diet, will determine what groceries to buy and from which sources.”AI agents are self-sufficient software programs capable of sensing their surroundings, making…
SECOND-seeded Alexandra “Alex” Eala reestablished dominance over world No. 187 Arianne Hartono of the Netherlands, 6-2, 6-2, for an exciting debut in the 2025 WTA125 Guadalajara Open on Wednesday in Mexico. Riding high after a landmark US Open performance, the WTA No. 75 Ms. Eala surged to a 3-1 advantage in the opening set, then unleashed a 4-0 finishing burst in the second from a 2-2 deadlock to eliminate her 29-year-old opponent in just over an hour of action. The 20-year-old Filipina sensation now boasts a 4-0 lead in their encounters since their first clash in 2023 when the latter…
“`html Trusted Editorial content, assessed by top industry specialists and experienced editors. Ad Disclosure Ripple’s $XRP, akin to Bitcoin, Ethereum, Solana, and other prominent cryptocurrencies, experienced a significant surge in July, skyrocketing over 90% within a few weeks. However, since then, the token has reflected $BTC’s path of extended consolidation, unlike $ETH or $SOL, which have continued to rise steadily. This undoubtedly ignited much debate: does $XRP possess the potential to not only ascend higher but possibly even surpass other esteemed cryptocurrencies in terms of significant returns? To uncover the answer, we consulted DeepSeek, one of the most advanced AI…