This partnership with Solidus Labs will enhance CoinDCX’s compliance with the Financial Action Task Force’s (FATF). This will also counter money laundering and combat the financing of terrorism, a joint statement read.
While regulating cryptocurrencies will provide a legal framework, it is expected that the upcoming budget clarifies taxability of cryptocurrencies and provide certainty and guidance to crypto investors prior to investing in such currencies.
Recently, a consortium of crypto investors, ConstitutionDAO, pooled in Ether worth $47 million to buy a first edition of the US Constitution at an auction. They lost, but the effort has brought an application of blockchains and cryptocurrencies to the fore: DAOs. Here’s what it means: