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The tax will be levied on the difference between the cost of the acquisition of the asset and the transfer price to the employee, the report said
The crypto sector was fearful on Monday as investors worried that contagion from problems linked to several large crypto players may lead to a major shakeout if not contained.
CBDCs such as China's digital yuan (e-CNY) are centralised by design and don't need a decentralised ledger, such as in the case of bitcoin
The biggest cryptocurrency is down about 32% over the past month and almost 60% this year
The chief executive of JD.com's retail business, Xin Lijun, says regulation of China's tech sector is not loosening but becoming more "stable" and "rational," according to CNBC
Keith Johnson accused Musk, electric car company Tesla and SpaceX of racketeering by touting Dogecoin and driving up its price
Honda, like rival Toyota, has been slow to shift to EVs and is under pressure from investors to make cars that are carbon-free and equipped with self-driving technology
The "high-NA EUV" tool produces beams of focused light that create the microscopic circuitry on computer chips used in phones, laptops, cars and artificial intelligence devices
Microsoft has been encouraging users to move to its Edge browser, and announced the end of support for Explorer on Wednesday
Chinese courts have repeatedly issued “anti-suit injunctions” on behalf of groups like Huawei, Xiaomi, ZTE and Oppo to block non-China firms from enforcing IP rights in other jurisdictions
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With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors
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PaymentsCan China Take Place of SWIFT System? Analysts Say ‘No’There is no global payment system that is strong enough to act as an alternative to SWIFT and enable Russia to evade sanctions
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MarketsChina Becomes World’s Second-Biggest Bitcoin Mining HubThe Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.
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Market InsightsHere’s How China Can Win the Tech War With USAThe Chinese government is doubling down on incentives for innovation, which it believes to be the cornerstone of its future growth and international position.
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Fintech InsightsAsia Becomes the Epicentre of Global NFTsAsia is the frontrunner in the NFTs craze with Central and Southeast Asia accounting for 35% of the $22 billion in global trade
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