Crypto Watcher
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πŸ”Ά Keeping an #EYE on the major news in the #CRYPTO Market

Cryptocurrency β†ͺ News Provider⚑

⚠️ Major Crypto News
πŸ—“ Market updates
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India Considers Imposing 28% GST on All Crypto Transactions

The Indian government is reportedly considering imposing a 28% goods and services tax (GST) on all crypto transactions. β€œCurrently tax is levied only on the part of the services provided by crypto exchanges. Subjecting the whole transaction to tax at a higher slab of 28% could give the markets a free fall,” one tax expert warned.
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Amid Mining Bans, China Still Commands World’s Second-Largest Share of Bitcoin Hashrate

New data stemming from the latest Cambridge Centre for Alternative Finance (CCAF) report on bitcoin mining indicates that China still holds the second position in terms of global hashrate. While China commands close to 22% of Bitcoin’s global hashrate, the United States currently dominates with 37.69%, according to CCAF researchers.
Trade Minister Expects Russia to Legalize Cryptocurrency.

Cryptocurrencies will be eventually legalized, a member of the Russian government has opined. The question is when this will happen, Trade Minister Denis Manturov stated as new crypto-related legislation advanced in the State Duma this week.
Facebook Owner Meta Files Trademark Applications for β€˜Meta Pay’ Covering Crypto Services.

Meta Platforms Inc., formerly Facebook, has filed five trademark applications for β€œMeta Pay.” The filings cover a wide range of cryptocurrency services. The company is renaming Facebook Pay to Meta Pay.