BlockPress

BlockPress

Indonesia raises taxes on crypto exchange sales and miners

Indonesia’s government, through its Ministry of Finance, has implemented significant adjustments to its tax policy concerning cryptocurrencies, aiming to both regulate the burgeoning digital asset market and bolster government revenue. The new regulations introduce a tiered approach, taxing different aspects…

Crypto token unlocks may halve to $3B in August; SUI, FTN top list

The cryptocurrency investment landscape is witnessing a significant shift in investor sentiment regarding token unlocks. Initially characterized by widespread “unlock anxiety,” a period marked by significant uncertainty and potential price volatility surrounding scheduled token releases, the market is now exhibiting…

Why is India investigating Binance over crypto loopholes?

Binance, the world’s largest cryptocurrency exchange by trading volume, is facing increased scrutiny from global regulatory bodies, including a formal investigation in India. This investigation focuses on cross-border wallet flows and potential security risks associated with Binance’s operations within the…

AML Bitcoin founder gets 7 years in prison for crypto fraud

Rowland Marcus Andrade’s seven-year prison sentence highlights the growing concern surrounding fraudulent activities in the cryptocurrency market. His conviction stems from the creation and operation of AML Bitcoin, a cryptocurrency scheme that defrauded investors of a substantial $10 million. This…