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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…
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…
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 …
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…
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…
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…
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…
India will launch a digital rupee in the next year and plans a 30% tax on crypto-related income, according to the finance minister
India's finance minister announced the creation of a digital rupee and a new crypto tax plan as the…
Adam Morgan McCarthy
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…
Equalisation levy on crypto exchanges in India will not apply to investors, according to the Finance Minister
The controversial Google Tax, which has historically been imposed on foreign companies — like Am…
India is reportedly mulling over a new crypto tax which could make trading on foreign exchanges more expensive
However, this doesn't clarify why a tax meant for companies will mean for individuals with…
India’s digital currency to be launched in FY23 to be cost effective, transparent and secure
The central bank digital currency (CBDC) is about to be launched this financial year in FY23, finan…
RBI seeks a crypto ban but it needs global collaboration, says Nirmala Sitharaman
The Reserve Bank of India (RBI) has recommended the government to frame regulations for cryptocurre…
After seizing $47 million from crypto tax dodgers, South Korea is looking to tighten the net
Cryptocurrencies will no longer serve as a tax haven for investors in South Korea. The tax authorit…
The biggest crypto heist of all time, free money and tax on crypto transactions — here’s what happened in the world of crypto this past week
Anti-virus mogul and Bitcoin bull, John McAfee, allegedly committed suicide while waiting to be …
BI India Bureau
Indian investors have lost nearly ₹1,000 crore to fake cryptocurrency exchanges
Cyber-security company CloudSEK said it has uncovered an ongoing operation involving several phi…