South Africa's Draft Tax Law Would Deter Crypto Use
Are Reserve Banks and Treasuries dodging the inclination of digital currencies? Crypto has gathered great momentum in the last few years and has now become a perilous, but very profitable, investment or trading alternative. South Africa has been delaying the regulation of cryptos and for a long time, their use has been totally unregulated.
Thailand Shows Crypto Can Win Adoption Amidst Junta Government
The whole of last week wasn't good for the crypto industry globally, and now a sparkle of optimism has come from Thailand, a country in southeastern Asia. Of recent, the country set rules and regulations to make the industry flourish. Most Thailand (Thai) citizens have not been familiar with digital currencies despite being a great player in the crypto sector, to the extent of calling in foreign firms and investments. Thai's cryptocurrency trade volume is by far higher than larger economies such as Argentina and Turkey.
India Ready to Release Regulatory Draft on Crypto Next Month
The Republic of India, a country in South Asia, might finally release the long-awaited regulatory draft on digital currency (crypto) before 2018 ends. This follows the recent ban by RBI, blackballing banks and other financial institutions from transacting with all crypto exchanges in the country.