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Japan Implement Stricter Crypto Rules in Order of Sanctions Evasion Prevention. Legislation updates are initiated by the Russia-Ukraine war conflict. In case crypto exchanges suspect unauthorized transactions, they are obliged to notify the FSA. The government of Japan is to tighten rules on cryptocurrency exchanges, as the country announced intentions to update its Foreign Exchange and Foreign Trade Act.... Read more >>
The tax rate is on par with gambling and lottery. Indian traders with a cent in crypto profits will now have to pay tax and file returns. The government of India has officially imposed taxation regime on cryptocurrency gains – despite the expectations that the Indian government will table a bill regulating digital assets, the Minister of Finances has surprisingly introduced the new crypto taxation law coming into effect as early as this April – upon the new financial year.... Read more >>
The Vanuatu Financial Services Commission has beefed up the requirements for FDL holders. “Vanuatu wants to bring about a sea change in the way it does business," St-Hilaire, chairman of VFMA, says. Times, when offshore companies were operating remotely under Vanuatu’s Financial Dealer License (FDL), are a-changing. By the end of 2022, all Vanuatu security broker will be obliged to move onshore and make tangible investment into the country.... Read more >>

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