ChainFabricNews

Image source: The Crypto Times Indian crypto users woke up to a significant change this July— Bybit, a major global crypto exchange, has started charging an 18% Goods and Services Tax (GST) on a wide range of services. This new tax, introduced on July 7, 2025 , applies to trading fees, staking, margin trading, and even simple deposits and withdrawals. For many Indian traders, this is yet another financial pinch on top of the 30% income tax on crypto profits and 1% TDS (Tax Deducted at Source) already in place. Now, every time a user pays a fee on Bybit, they’ll also have to pay 18% GST on top of it. What Services Are Affected? Bybit has clarified that the GST will apply to a variety of its offerings, including: Spot and margin trading Staking rewards and earnings Fiat deposits and withdrawals (via bank or card) Liquidation fees, auto-conversions, and more Even services like Bybit Pay and crypto copy trading are now taxable. In short, nearly every action that incurs a pl...

Image source: Cryptopolitan In a major move that’s catching the attention of crypto investors around the world, Thailand has announced a five-year exemption on capital gains tax for crypto trading . Starting January 1, 2025 , and running through December 31, 2029 , this new policy applies to individuals trading cryptocurrencies through licensed exchanges . This decision, approved by the Thai Cabinet in June 2025, shows just how serious the country is about becoming a regional hub for digital assets. What Does This Mean for Crypto Traders? If you're a crypto investor in Thailand—or thinking about entering the market—this tax exemption is great news. Until now, profits from selling crypto were subject to personal income tax. But for the next five years, those profits will be 100% tax-free , as long as they come from trading on licensed platforms like Bitkub, Zipmex, or other government-approved exchanges. Deputy Finance Minister Julapun Amornvivat explained that the goal is to attr...

Image source: Times Of India In a surprising but bold move, Trump Media & Technology Group (TMTG)—the company behind Truth Social—is stepping into the world of crypto investing. On July 8, 2025, the company officially filed with the U.S. Securities and Exchange Commission (SEC) to launch a “Crypto Blue Chip ETF” , a fund designed to offer everyday investors exposure to some of the most popular digital currencies. But what exactly is this ETF, and why does it matter now? 🪙 What’s in the ETF? Unlike traditional ETFs that focus only on Bitcoin or Ethereum, this new fund would spread its investments across five major cryptocurrencies : Bitcoin (BTC) – 70% Ethereum (ETH) – 15% Solana (SOL) – 8% Ripple (XRP) – 5% Crypto.com Token (CRO) – 2% The idea is to give investors a safer, more diversified way to invest in crypto without having to manage the coins themselves. This means you could invest in the top digital assets all in one place—just like buying a regular stoc...