Crypto still a gray area in India, officials attempt to clarify

Indian parliament member addresses legal status of cryptocurrency

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India's crypto confusion: officials address legal status Following the finance minister's announcement to tax cryptocurrency income, the question of whether crypto is now legal or legitimate in India has come up repeatedly.  Cryptocurrency is currently a gray area in India. It is neither legal nor illegal. A parliament member, India's finance secretary, and the minister of finance have recently clarified the legal status of cryptocurrency in India. Read more Price Update   Play casino classics such as Slots, Roulette, Blackjack, Video Poker & more, exclusively on Bitcoin.com's very own crypto casino! Win jackpots of up to 25 BTC! Play Now In the news Canada's terrorist financing rules now cover crypto The Canadian government has invoked the Emergencies Act to deal with the Freedom Convoy protests, said Prime Minister Justin Trudeau. The scope of Canada's anti-money laundering and terrorist financing rules is also broadened to cover crowdfunding platforms and "all forms of transactions, including digital assets such as cryptocurrencies." Ethereum fees drop to the lowest rate in 4 months The average transaction fee on the Ethereum network has dropped to the lowest level in four months, according to statistics on February 13, 2022. Mid-September 2021 was the last time gas fees on Ethereum were this low, as average fees dropped to roughly $15.13 per transfer. Bandana wearing Cryptopunk NFT sells for $23 million in ETH The Cryptopunks non-fungible token (NFT) collection has seen a new record as the NFT Cryptopunk #5822 sold for 8,000 ether or more than $23 million on Saturday. The new owner of the NFT, Deepak Thapliyal, the CEO of a blockchain firm called Chain, explained that he used leverage via Compound Finance in order to acquire the NFT. Sponsored by AnteFame Did you enjoy watching Drive to Survive? Join AnteFame, THE NFT motorsports club where you can collect & earn rewards. You'll be part of a club supported by over 100 racing drivers and an official partnership with Maserati: To learn more about it click here. To claim your NFT pass and a chance to win the Maserati MC Special Edition Click here ! - 10% off the public price until February 20 -      @2022 Saint Bitts, LLC 858 Zenway Blvd, P.O. Box 1830, Frigate Bay, Saint Kitts and Nevis  This email was sent to yogyabiz.bitcoin@blogger.com. To unsubscribe or manage your subscriptions click here. Have feedback for us? Submit here.