India's top indirect tax decision-making body, the Goods and Services Tax (GST) Council, will put the future of indirect taxes on the table, according to a CNBC report. With the upcoming meeting, the tax rate on cryptocurrencies is expected to be 28%.
90% of Central Banks Evaluate CBDC!
According to a survey of 81 central banks by the Bank for International Settlements, 60% of central banks are working on proof of concept, while 26% are piloting.
The number of banks evaluating Central Bank Digital Coins (CBDC) doubled in 2022.
Meta Will Test NFTs on Instagram!
Meta will start testing digital collections and NFTs on Instagram this week, CEO Mark Zuckerberg said in a statement yesterday. Similar to what Twitter and other social media platforms have done in recent months, content creators and collectors on Instagram will now be able to use NFTs as profile pictures.
India's National Securities Depository to Support Blockchain!
India's Mumbai-based depository, NSDL, officially launched its distributed ledger technology, blockchain-based platform on Saturday (May 7th) during its 25th anniversary presentation. The platform is expected to strengthen monitoring of security and governance in the corporate bond market to bring “more discipline and transparency to the market."
Japanese E-commerce Website Will Accept BTC and XRP Payments!
SBI Motor Japan has announced that its customers can now pay for used cars using BTC and XRP. However, the XRP cryptocurrency will be located for the first time on a cross-border e-commerce website in Japan. The company stated that they are considering supporting other important projects that serve the demands of the expanding customer base.
Bitcoin's Inflow to the Stock Exchanges is at the Highest Level of 3 Months!
Bitcoin saw under $30,000. However, the digital asset has reached the highest level of stock market inflow in the last 3 months. Although the outflows compete with the inflows, BTC's rate of inflow into stock exchanges remains a reason for alarm.
We support the Turkish sports and our sportspeople via our sponsorships agreements with 1907 Fenerbahçe Wheelchair Basketball Team, Cem Bölükbaşı, Erden Eruç, and Turkish Automobile Sports Federation! In this very rewarding and helpful journey of ours, we will continue to enrich and strengthen the Turkish sports thanks to the new steps we take in reaching brand new sponsorship agreements.