Bloomberg Warnings from Indian crypto exchanges that a controversial new transaction tax would erode trading are coming true, with volumes evaporating since the levy took effect. Three exchanges — ZebPay, WazirX and CoinDCX — suffered declines of between 60% and 87% in the value of daily trading immediately after the 1% tax deductible at source became effective on July ...

  DUBAI / WAM Al Hosn National Health System, which is affiliated with the Ministry of Health and Prevention (MoHAP), has launched an online Hajj permit service on Al Hosn App in cooperation with the General Authority of Islamic Affairs and Endowments. The service aims to facilitate Hajj procedures, save pilgrims’ times and efforts and enhance their confidence in the ...

  BEIJING / WAM China’s digital economy logged rapid expansion in recent years, with its scale increasing from 11 trillion yuan ($1.65 trillion) in 2012 to over 45 trillion yuan in 2021, official data showed. According to the state news agency (Xinhua), the proportion of the digital economy in China’s GDP rises from 21.6 percent to 39.8 percent in the ...