Parliament Member Says 1% TDS Will Kill Crypto Asset Class in India, Urges Government to Reconsider
An Indian parliament member has warned that imposing a 1% tax deducted at source (TDS) on every crypto transaction will kill the nascent asset class. This tax provision is contained in Finance Bill 2022 which Lok Sabha, the lower house of India’s parliament, has passed. However, India’s finance minister insists that the TDS on crypto transactions is for tracking purposes. Parliament Member Raises Concerns Over 1% TDS on Crypto...
NoVa Battles Rocked the 2022 Dubai Crypto Expo
PRESS RELEASE. At the Dubai Crypto Expo that happened between March 16 and 17, 2022, the NoVa Battles team led by CEO Lucian joyfully received the prestigious title of “Best Crypto Game 2022” in Dubai. The NoVa Battles ecosystem is designed to reward its community members in multiple ways for their time and effort. In addition to incorporating their own NFTs and Crypto Token, more blockchain technology is planned for the NoVa Battle...
US Senators Working on Broad-Based Crypto Regulation
Two U.S. senators are working on a bipartisan, broad-based regulatory framework for cryptocurrency. “The work we’re doing is going to be a very complex and intensive review of the different aspects of this industry,” said one of the senators. US Senators to Introduce Comprehensive Framework to Regulate Crypto Industry U.S. Senators Kirsten Gillibrand (D-N.Y.) and Cynthia Lummis (R-Wyo.) are working together on “a broad-based...
Elon Musk Giving ‘Serious Thought’ to Creating Social Media Platform With Free Speech as Top Priority
Tesla and Spacex CEO Elon Musk says that he is “giving serious thought to” creating a new social media platform with free speech as a top priority. “Given that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy,” the Tesla billionaire said. Elon Musk Considers Building New Social Media Platform, Says Free Speech Is Essential to Democracy The CEO of Tesla...
Bungie Files Lawsuit to Punish Senders of Fake Destiny DMCA Notices
Notices of infringment sent by rightsholders under the Digital Millennium Copyright Act are supposed to identify infringing content so that online services can remove it, thus protecting the rightful owners. Increasingly, however, a minority of online actors view DMCA notices as a tool to disrupt and disappear content that isn’t infringing at all. A little over a week ago, persons unknown began sending DMCA notices to YouTube,...
