India’s crypto tax impacted trading frequency of 83% of traders, says survey

A survey conducted by crypto exchanges WazirX and Zebpay found that 83% of traders believe India’s 30% tax on all cryptocurrency and non-fungible token (NFT) transfers has impacted their trading frequency. The survey shared with CryptoSlate included 9,500 respondents who had actively traded between January 1 and April 15, 2022. The respondents were divided into … Read more

Banks’ exposure to risky cryptocurrencies should be limited to 1%, Basel Committee proposes

The consultation paper proposes dividing crypto assets into Groups 1 and 2. Group 1 consists of tokenized traditional assets such as stocks issued on the blockchain and stablecoins that meet classification requirements. The classification requirements include passing a redemption risk and basis risk tests. The redemption risk test ensures that the stablecoins are redeemable at … Read more

Singapore’s changed stance on crypto

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! As recently as last year, Singapore was positioning itself to become a global crypto hub. But with the downtrend and the liquidity crisis in the market, regulators are hardening their stance. Sopnendu Mohanty, chief fintech officer of the Monetary Authority of … Read more