The Netherlands’ House of Representatives advanced a legislative proposal on Thursday to introduce a 36% capital gains tax on savings and most liquid investments, including cryptocurrencies. The legislation reached the 75-vote threshold required to advance, with 93 lawmakers voting in favor of it, according to the House tally. Under the proposal, savings accounts, cryptocurrencies, most…
Citigroup (C) plans to launch institutional bitcoin custody later this year, part of a broader push to integrate digital assets into the bank’s traditional financial infrastructure. Nisha Surendran, who heads Citi’s digital asset custody product buildout, described the initiative in a speech at the World Strategy Forum on Thursday as an effort to “make bitcoin…
Last week’s bloodbath at the Dalal Street erroded the market capitalisation of five of the top-10 most-valued firms by over Rs 1 lakh crore. The broader equity benchmarks also ended on a muted note. The BSE Sensex slipped by 30.96 points, or 0.04%, while the NSE Nifty declined 36.6 points, or 0.15%, reflecting a largely…
PUDUCHERRY: Union home minister Amit Shah took a dig at the leader of the opposition in the Lok Sabha, Rahul Gandhi, accusing him of lying repeatedly about the India-US trade deal. Addressing a public meeting at Karaikal, Puducherry’s enclave, 140km south of its headquarters, during his two-day visit to Tamil Nadu and Puducherry, Shah brushed…
Ripple announced plans on Wednesday to secure an Australian Financial Services License through the proposed acquisition of BC Payments Australia Pty Ltd, per a release shared with CoinDesk. The acquisition, which is still subject to completion, would allow Ripple to offer its full payments stack in Australia, covering onboarding, compliance, funding, foreign exchange, liquidity management,…
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MUMBAI: With a gain of over Rs 32,000/kg in just four sessions, the unabated rally in silver continued on Friday and the white metal traded at over Rs 2.35 lakh/kg mark in the domestic market, a new all-time high level. The rally in gold also continued, though at a slower pace, with the price moving…
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NEW DELHI: The Red Fort has turned into a high-security zone as India hosts, for the first time, the 20th session of the Intergovernmental Committee for the Safeguarding of the Intangible Cultural Heritage (ICH) of UNESCO, days after a deadly blast near the monument.The week-long meeting, being held from December 8 to 13 inside the…
