The move by the Tencent-owned site is in reaction to a government edict that bans speculation in NFTs and other digital assets, the Hong Kong paper said
The use of high-yield leveraged products worsened the rout in the $247 billion decentralised finance industry over the weekend, Binance chief Changpeng Zhao said
The crypto lender said it carried out an emergency assessment of its business operations to determine the company's liquidity status.
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
Keith Johnson accused Musk, electric car company Tesla and SpaceX of racketeering by touting Dogecoin and driving up its price
The world's largest cryptocurrency was trading at $22,338.49 on Thursday in Asia, according to Coinbase, after falling to $20,079.72, its lowest level since December 2020
While Coinbase is shrinking its global workforce by 18%, a company spokesperson told TechCrunch only 8% of India staff would be laid off
Falling values could turn into a vicious downward selling spiral as buyers willing to provide price support evaporate.
Shock US data on Friday showed inflation at a 40-year high of 8.6%, intensifying volatility across asset classes as investors worry about potentially faster interest-rate increases.