July 24, 2024
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Another Indian exchange has put a halt to bank transfers as the number of crypto-INR purchase options decreases

CoinSwitch Kuber, another blow to the Indian crypto economy, has temporarily halted crypto purchases. Users were not able to make an instant payment.

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As a result of the 30 percent tax, the volume of Indian crypto exchanges has decreased

Just ten days after the tax rule went into effect, new data on the trading volume of Indian crypto exchanges shows a dramatic.

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CZ Binance CEO says India is a natural frontrunner in Web3 startups

Binance Founder and CEO Changpeng Zhao (Cz) emphasized India’s position in web3 and the metaverse, saying the country is a “natural forerunner” in.

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Coinbase has been forced to suspend cryptocurrency payments in India due to regulatory pressure

Coinbase, the largest US-based cryptocurrency exchange, disabled the feature to acquire bitcoin using the popular Unified Payments Interface payment instrument in India on.

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After the new tax law, crypto trading volumes on Indian exchanges fell 15 percent to 55 percent

Since the new tax law took effect on April 1, trade volumes on cryptocurrency exchanges in India have decreased by 15% to 55.

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The International Monetary Fund (IMF) has issued a warning to India about cryptocurrency adoption

The International Monetary Fund (IMF) recently raised concerns about the hazards of enabling cryptocurrencies to be used as legal money. The fund is.

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A member of the Indian parliament has proposed a crypto tax of more than 30%.

A member of Parliament, Sushil Kumar Modi, has encouraged India’s finance minister, Nirmala Sitharaman. Also, to consider boosting the capital gains tax on.

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On Polygon, an Indian district provides caste certificates

Through LegitDoc, a document-verifying system based on the Polygon blockchain, a district administration in Maharashtra, India, has begun stamping 65,000 caste certificates. In.

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A member of the Indian parliament has asked the government to tax cryptocurrency income at a rate of more than 30%.

The Rajya Sabha, India’s upper house of parliament, is now debating India’s Finance Bill 2022, which includes a proposed 30% tax on crypto.

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A member of Parliament claims that a 1% TDS will kill the crypto asset class in India and urges the government to reconsider.

The Lok Sabha, India’s lower house of parliament, passed Finance Bill 2022 on Friday, which includes a plan to tax cryptocurrency revenue at.

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