Regulation
Will Indonesia’s decision to tax crypto stifle local adoption?
Indonesia will impose a 0.1% Value Added Tax that will be deductible at the source on all crypto transactions in the country.
Oluwapelumi Adejumo 3 min read
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Regulation
Former Indian chief minister likens crypto to gambling, calls for higher taxation
An ex-chief minister of India is urging the government to make crypto taxation even stricter to further discourage people from participating in the industry.
Metaverse
Amazon India tweets Decentraland, OnePlus partnership teaser
Amazon India tweeted that "something new is on the horizon" with Decentraland.
Latest Asia Crypto News & Analysis
NFTs
China’s strict crypto policy continues as WeChat bans NFT accounts
Chinese official had previously stated that the NFT space was dominated by hype and urged government to regulate the space.
Technology
Indian Maharashtra state pivots to Polygon for digital caste certificates
A total of 65,000 new documents have been issued using Polygon-based blockchain platform LegitDoc.
Gaming
Axie Infinity developers’ Ronin Network loses $615 million to hackers
As part of the attack, an unknown hacker managed to gain control over four of Ronin Network's validator nodes.
Regulation
Coinbase introduces new rules for crypto transactions in some countries
Due to legal requirements, Coinbase will ask for additional information before issuing crypto transactions to Canada, Japan and Singapore.
Crime
North Korea using hackers to raise revenue via crypto heists
Mandiant, a cybersecurity company which was recently acquired by Google, released a report detailing some of North Korea's cyber operations and how the country is using hackers to raise money via theft of crypto assets.
CBDCs
Here’s the first multi-CBDC settlement project and participating countries
Australia, Malaysia, Singapore and South Africa will be participating in the multi-CBDC platform pilot led by the Bank of International Settlements.
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Regulation
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Adoption
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CBDCs
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Legal