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Coinbase to invest in Indian crypto and Web3 amid tax regulation clarity
4.4.2022
Coinbase Ventures will conduct an in-person pitching event in Bengaluru to help accelerate India's financial inclusion goals via crypto and Web3 investments
New crypto owners nearly doubled in 3 key regions in 2021: Report
4.4.2022
More than half of respondents in India, Brazil and Hong Kong made the first purchase of a cryptocurrency like Bitcoin in 2021
India’s Crypto Trading Volume Plummets as New Tax Rules Enter Into Force
2.4.2022
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...
Indian Government Consulting With IMF, World Bank on Crypto Policy
2.4.2022
India’s government is consulting with the International Monetary Fund (IMF), the World Bank, and Indian regulators in order to form the country’s crypto policy. “We have reached out to institutional stakeholders within the country and outside. We are taking inputs from the...
30% crypto tax becomes law in India following Finance Bill approval
31.3.2022
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
First Mover Asia: India Continues Its Restrictive Approach to Crypto; Bitcoin, Ether Run in Place
31.3.2022
The Indian tax authority's revision in the amounts that it seized in taxes and penalties from crypto exchanges and the number of platforms it targeted reflects the government's harsh stance toward digital assets; Solana has a banner day
NY Regulator To Speed Up Crypto Licensing, New Crypto ETPs, Web3 Council + More News
29.3.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: NY Regulator To Speed Up Crypto Licensing, New Crypto ETPs, Web3 Council + More News
Indian state gov't uses Polygon to issue verifiable caste certificates
29.3.2022
In partnership with LegitDoc, the Maharashtra government is in the process of rolling out 65,000 caste certificates to aid the process of delivering governmental schemes and benefits
Indian Parliament Member Asks Government to Tax Crypto Income More Than 30%
29.3.2022
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 Government Reveals 11 Crypto Exchanges Investigated for Tax Evasion, $13 Million Recovered
29.3.2022
The Indian government has revealed that 11 cryptocurrency exchanges have been under investigation by the country’s tax authority. About 95.86 crore rupees ($12.6 million) have been recovered from them. 11 Crypto Exchanges Investigated for Tax Evasion The Indian government answered some...
Law Decoded: Crypto taxes and taxes on crypto, March 21–28.
29.3.2022
Some jurisdictions are introducing digital assets as tax payment options while others levy hefty taxes on crypto gains
India Identifies 11 Crypto Exchanges Accused of Tax Evasion
28.3.2022
India’s tax authority first began seizing assets to address alleged tax evasion late last year
India's Supreme Court Wants GainBitcoin Scam Co-Suspect to Disclose His Wallet Username, Password
28.3.2022
Parliament Member Says 1% TDS Will Kill Crypto Asset Class in India, Urges Government to Reconsider
28.3.2022
An Indian parliament member has warned that imposing a 1% tax deducted at source (TDS) on every crypto transaction will kill the nascent asset class. This tax provision is contained in Finance Bill 2022 which Lok Sabha, the lower house of India’s parliament, has passed. However...
‘We Have Entered a Period of Pain,’ Says WazirX CEO of India’s New Tax Laws
25.3.2022
Nischal Shetty, one of the most prominent figures in India’s crypto industry, talks candidly and at length about what’s at stake with the country’s new tax provisions
Crypto tax policy framework passes India's parliament despite pushback from lawmakers
25.3.2022
Under the framework, those conducting crypto transactions will be subject to a 30% tax starting on April 1, while the 1% TDS requirement will take effect on July 1
India Confirms Discriminatory Tax Rate for Crypto Investors
25.3.2022
Starting April 1 this year, and despite the crypto sector’s efforts, cryptoasset gains in India will be taxed at 30% - the highest tax bracket, the nation’s Parliament confirmed today. In comparison to this tax, the tax rate on stock trading ranges from 0% to 15%.
From now on taxed the same...
India’s Favorite Chingari Short Video App Teams Up with Fashion TV Network
25.3.2022
Indian short video platform Chingari joins forces with the Fashion TV network to launch unique content and exciting products for its users. Through this exclusive deal, Chingari becomes the first-ever short video app to unite with Fashion TV. Powered by the GARI token, users will now be able...
India’s Stiff Crypto Tax Legislation Becomes Law
25.3.2022
Amendments sought by the crypto industry were not accommodated and the policies will go into effect on April 1
Tax man: India’s new tax policies could prove fatal for crypto industry
24.3.2022
India’s crypto tax policy is set to become law on March 24. However, stakeholders believe it could eradicate small-time traders and derail the thriving industry