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Tag Archives: News

Binance Receives $86 Million in Goods and Services Tax Bill From Indian Authorities

India’s Directorate General of Goods and Services Tax Intelligence (DGGI) has sent a show cause notice to Binance, claiming it owes $86 million (or Rupees 722 crores) in unpaid Goods and Services Tax (GST). The agency stated the exchange collected fees from Indian users and did not pay any taxes between July 2017 and March 2024. This notice issued by the DGGI marks the first time it has gone after a cryptocurrency exchange. The massive tax bill comes from Binance not registering with the...

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Bitstamp and Stripe Join Forces to Streamline Crypto Purchases in Europe

Bitstamp, the world’s longest-running crypto exchange has joined forces with Stripe, a financial infrastructure platform for businesses to support Stripe’s fiat-to-crypto onramp across the European Union. This collaboration aims to make cryptocurrency purchases easier for consumers throughout Europe. According to a blog post from Bitstamp, this collaboration brings together two premier fintech brands around the globe, helping consumers get hold of cryptos on the transparent chain using an...

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Mox Bank Launches Crypto ETF Trading, Paving the Way for Broader Crypto Adoption

Mox Bank simplifies crypto investments with Crypto ETFs, offering a regulated and safe platform for Hong Kong investors Low trading fees and easy access through the Mox app make investing in emerging asset classes more attractive. The Standard Chartered subsidiary Mox Bank Limited (“Mox”) has announced the launch of bitcoin exchange-traded funds (ETFs) on its Mox Invest platform. Customers may now more easily and safely diversify their portfolios with Mox, the first virtual bank in Hong Kong...

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