Ban Anonymous Cryptocurrencies, Says French National Assembly’s Finance Head

The Finance Committee of France’s National Assembly recently put together a report (PDF) on crypto assets and blockchain technology. The committee’s report includes a forward from the committee’s president, Éric Woerth. In this introductory portion of the report, Woerth claims it would be appropriate to propose a ban on activity related to cryptocurrencies built with the goal of providing greater levels of anonymity to users. Woerth’s Comment on Anonymous Cryptocurrencies Before getting into the issues associated with privacy-focused cryptocurrencies, Woerth briefly mentioned some of the challenges created by the existence…

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Automobile dealers body seeks rollback of new GST changes

MUMBAI: Seeking a rollback of the amendments in the GST Act, the automobile dealers body Federation of Automobile Dealers Associations (Fada) has said the changes will have a major impact on their already poor cash flows on the back of slowing sales. The federation feels that the insertion of a new section 49A of the GST Act puts an “unwaranted burden” on their working capital requirements, as they are already hit by slowing sales which began from last September. Under the changes, effective January, IGST credit has to be first…

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