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2 mins read
WazirX suspends withdrawals after $230 million worth of cryptos stolen in a hack
WazirX, India’s largest cryptocurrency exchange on Thursday reported a massive security breach on i…
1 min read
Crypto currencies have no underlying value, says RBI official
Crypto currencies cannot be referred to as "currencies" as they have no underlying value, a central…
PTI
2 mins read
India issues clarifications on additional tax on cryptocurrencies
India is set to levy a 1% TDS on crypto transactions, over and above the 30% tax it already levies.…
2 mins read
8 in 10 Indians want 28% or higher GST on casinos, online games and horse races
Six in ten Indians are in favour of keeping cryptocurrencies under the 28% or higher goods and serv…
2 mins read
4 out of 5 traders go slow on cryptocurrency investments after new crypto tax – WazirX
Four in five traders have slowed down their investments in cryptocurrency since the implementation …
2 mins read
India’s crypto taxes may reportedly spell bad news for DeFi firms
This should be a point of relief for gaming platforms and fintech firms, which were worried ab…
3 mins read
India’s crypto players bullish on hiring; say crash is just a phase
The global crypto marketcap plunged from $1.7 trillion from the start of May to $929 billion, as of…
2 mins read
Proposal for crypto tax policy will be up for discussion in Indian parliament today
The finance minister of India, Nirmala Sitharaman, will introduce the Finance Bill of 2022 in the L…
2 mins read
28% GST on crypto transactions? India is reportedly mulling another tax levy next week
A group of ministers is reportedly set to discuss a GST on cryptocurrency transactions in the count…
3 mins read
India’s definition of ‘virtual digital assets’ isn’t set in stone
The Indian government announced its plans to tax cryptocurrency transactions at a rate of 30% durin…
4 mins read
From cryptocurrencies to NFTs, India to tax all ‘virtual digital’ assets at 30%
India plans to tax cryptocurrency transactions at a rate of 30%. This is at par with the highest in…
2 mins read
India’s securities regulator says decentralised nature of cryptos makes them harder to regulate
SEBI said that the government could look into a special regulator for cryptocurrencies. SEBI hasn’t…
5 mins read
India’s crypto tax will either send traders underground or back to stock markets, say experts
India’s 30% crypto tax could push traders to find new and innovative ways to bypass paying the taxm…
2 mins read
India is working on crypto classification under GST law
The government is working on classification of cryptocurrency as goods or services under the GST la…
PTI
2 mins read
Indonesia plans to tax crypto from May – government to levy VAT and 0.1% tax on income from crypto trade
Indonesia will levy a 0.1% tax on income from crypto trading and a 0.1% VAT as well. Indonesia’s ta…
2 mins read
India may expand taxes on crypto beyond IT and TDS – government reportedly mulling 28% GST
The crypto industry has already been buckling under income tax and TDS. Trading volumes in India fe…
3 mins read
India is monitoring crypto transactions of 700 investors – evaders could reportedly face a hefty penalty tax
The Income Tax department has shortlisted 700 crypto transactions that haven’t been declared in IT …
3 mins read
This startup helps you compute your crypto taxes; and 16,000 Indians are waiting in line
India has a new crypto tax regime in place and investors are struggling to understand its implicati…
2 mins read
These are the new changes in taxation that have kicked in from April 1
With the start of the new financial year, there are several changes in regards to taxation, deducti…
2 mins read
Taxing cryptocurrencies does not give them legal status, clarifies India’s finance minister
India’s Finance Minister Nirmala Sitharaman clarified in Parliament that taxing cryptocurrencies do…