The Indian government announced that on July 1, it raised the duty on imported gold by five percentage point to 12.5% in an attempt to ease the pressure on the rupee. There are concerns that the increase in import duties could lead to a revival of smuggling.
HMRC wants input from professionals, investors, and other organizations involved in DeFi-related activities.
Last month, Lido’s Staked Ethereum was the subject of much controversy. It’s now stabilizing, leading to a rapid rise in its native token.
After India’s 1% tax deducted from the source (TDS), cryptocurrency trading volumes have plummeted across Indian exchanges. Volumes dropped by 80 %. at some major crypto exchanges.
Traders have sold the KCS token of the company after rumors circulated on Twitter about withdrawals being stopped by the exchange.
The Federal District Public Prosecution, which is located in central-west Brazil, has created its own cryptocurrency investigation unit. This unit will assist other prosecutors in investigating cryptocurrency cases and educate consumers about safe use of cryptocurrencies.
Voyager Digital shares are 34% less on Monday. On Friday, the crypto company announced that it would suspend withdrawals, deposits, and trading.
The Singapore-based crypto platform said it would suspend operations and stop withdrawals until further notice.
Colombia’s government announced a new system to allow it to use Ripple Ledger for property title storage and authentication. Peersyst Technology developed the system. It aims to enable the National Land Agency (NLA) to issue record numbers of land adjudications to citizens.
Fast two years ago, between January 2021 and May 20,22, the average Ethereum gas fee was $40. May 1, 2022 recorded the highest average daily gas price of $196.638.
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