South Korea appears to be softening its stance on cryptocurrency trading. According to Yonhap News, Choe Heung-sik, governor of the Financial Supervisory Service, has said the government “will support [cryptocurrency trading] if normal transactions are made.” At a meeting with representatives from cryptocurrency exchanges, Choe also said the government will “encourage” banks to work with cryptocurrency exchanges, the report states. While …

Delhi-based MSME lending platform Aye Finance has raised Rs 25 crore from Hinduja Leyland Finance and Intellegrow. This is the second securitisation deal for the company. Last year it had raised Rs 10 crore by securitising part of its portfolio. Sanjay Sharma, Founder and Managing Director Aye Finance said, “The loan requirements of these businesses ranges between Rs 50,000 and Rs 5 lakh, …

Britain’s financial sector will be “the servant of industry not the masters of us all” if the opposition Labour Party gets into power, its leader Jeremy Corbyn will say on Tuesday, accusing bankers of taking the economy hostage. Corbyn, a socialist who has won over many voters with his promises to re-nationalize services and increase public spending, has long targeted London’s …

In India, Arun Jaitley had once said that cryptocurrency is not legalised as of now China will crack down on online pyramid schemes, including speculation masked as cryptocurrencies and online games, the public security ministry said on Friday. The ministry will act jointly with the industrial and commercial department to stamp out pyramid-type schemes, besides punishing those who swindle students …

Income tax department issued notices to thousands of cryptocurrency users HIGHLIGHTS Cryptocurrency market believes that government is going a bit too far Recently, Japan & China cracked down against cryptocurrencies South Korea is considering shutting down its virtual currency exchanges From finance ministry to Reserve Bank of India (RBI) to income tax (I-T) authorities, almost every regulator of any significance …

Bitcoin rises to $10,920 on BitStamp HIGHLIGHTS Just as bitcoins, Ethereum, Litecoin, Cardano also fall On January 3, the average closing price of bitcoins was $15,201 Bitcoin’s market cap is $180 billion on Wednesday The bitcoin prices on Wednesday rose marginally to $10,920 on Wednesday in run up to $11,000. The cryptocurrency prices have been, by and large, on a …

Some of the best investments you can make are for the betterment of both your happinessand pocket. They can be financial investment, or personal investments. If you are interested in investing into your life, follow these tips: Invest in Your Health Your health is crucial for your happiness and your longevity. Investing in your health early on can help you …

Many taxpayers exhaust the Rs. 1.5 lakh tax deduction limit under Section 80C (Representational image) Income tax deductions on life insurance premium, an employee’s contribution towards EPF (Employee Provident Fund), PPF (Public Provident Fund), children’s tuition fees, pension plans, principal repayment on home loans and a host of other investment options are covered under Section 80C of the Income Tax …

Currently, there is no income tax slab for income between Rs. 10 lakh and Rs. 20 lakh HIGHLIGHTS Government reportedly contemplating to hike personal tax exemption limit Slabs should be enhanced for benefit of low income group: industry body Move to help tide over impact of increasing retail inflation, adds CII New Delhi: The country’s middle class can hope for …

Under the SWP option, the mutual fund investor gets a specified amount as a monthly payout. Bank fixed deposits, Senior Citizens Savings Scheme, and Post Office Monthly Income Schemes are some of the popular investment options for retired and semi-retired people who like to earn regular monthly income. Can mutual funds do the job? Many debt funds as well as …