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Indian Parliament Member Asks Government to Tax Crypto Income More 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....

India Confirms Discriminatory Tax Rate for Crypto Investors


  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...

Report: Number of African Cryptocurrency Users up by Nearly 2,500%


The number of cryptocurrency users in Africa grew by almost 2,500% between January 2021 and January 2022, while the average number of monthly transactions went up by 1,400%, a new report by Kucoin has said. Widespread Adoption of Cryptocurrencies According to a new report by crypto exchange Kucoin...

NFT Weekly Sales Volume Improves Jumping 17% Higher Than the Week Prior


After cryptocurrency assets jumped in value this week, following the Federal Reserve’s rate hike on Wednesday, non-fungible token (NFT) weekly sales volume data shows an improvement from last week’s sales metrics. At the time of writing, in terms of seven-day sales volume,...

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