The new directives for VPN service providers and crypto exchanges would require them to collect critical private information as well as the ownership patterns of customers.
Category: india
International Monetary Fund (IMF) Managing Director Kristalina Georgieva says India is “a country that is on the frontline of digital currencies,” especially “how it handles a reduction of risk from crypto assets for the Indian people and businesses.” She met with Indian Finance Minister Nirmala Sitharaman to discuss crypto regulation. IMF’s Chief Comments on Indian […]
Historical-site metaverses may become a new business model for tourism, and they may rewrite history in the process.
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India’s Crypto Trading Quantity Plummets as Original Tax Principles Enter Into Power
Crypto trading volumes in India have plummeted following the new tax law entering into force. The new rules impose a 30% flat tax on crypto income and do not allow losses to be offset against gains. New Crypto Tax Rules in Effect The new crypto tax rules entered into force on April 1 after the […]
India’s new crypto tax policy is based on its gambling and lottery ticket win tax rules, that is set to come into effect from April 1.
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Indian Parliament Member Asks Authorities to Tax Crypto Earnings Extra Than 30%
An Indian parliament member has urged the government to increase the tax on crypto income from the current proposed rate of 30%, stressing that crypto trading is similar to gambling. He has also requested that the goods and services tax (GST) be imposed on the total transaction value of crypto. Indian Parliament Member Wants to […]
Some jurisdictions are introducing digital assets as tax payment options while others levy hefty taxes on crypto gains.
It appears the root cause of concern is the potential for digital assets to disrupt the rise of India as a global power.
BitConnect founder is being sued for illegally raising funds and defrauding American investors of over $2 billion.