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 […]
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Indian Crypto Exchanges Disable UPI, Other Fee Alternatives
A number of cryptocurrency exchanges in India are disabling rupee deposits, particularly payments using the Unified Payments Interface (UPI) system. This followed a statement issued by the National Payments Corporation of India (NPCI) regarding the usage of the UPI system by crypto exchanges.
Indian Exchanges Stop Offering Major Payment Options
Options to deposit […]
Payment services providers have also cut ties with major crypto exchanges despite having the same rate for gambling and fantasy sports platforms.
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 Buying and selling Quantity Plummets as New Tax Tips Enter Into Force
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 […]
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.
First announced by India’s finance minister in February, the amendment to existing laws proposed a 30% tax targeting digital asset transactions.