According to reports, two major Indian cryptocurrency exchanges have halted deposits using a popular payment method, prompting concern in a country where, despite.
CoinSwitch Kuber, another blow to the Indian crypto economy, has temporarily halted crypto purchases. Users were not able to make an instant payment.
Just ten days after the tax rule went into effect, new data on the trading volume of Indian crypto exchanges shows a dramatic.
Since the new tax law took effect on April 1, trade volumes on cryptocurrency exchanges in India have decreased by 15% to 55.
The Indonesian Ministry of Finance’s Directorate General of Taxes has established a 0.1 percent income tax (PPh) on capital gains from crypto investments.
The International Monetary Fund (IMF) recently raised concerns about the hazards of enabling cryptocurrencies to be used as legal money. The fund is.
A member of Parliament, Sushil Kumar Modi, has encouraged India’s finance minister, Nirmala Sitharaman. Also, to consider boosting the capital gains tax on.
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.
The Lok Sabha, India’s lower house of parliament, passed Finance Bill 2022 on Friday, which includes a plan to tax cryptocurrency revenue at.
In a move that could have a negative influence on crypto adoption in India, the government said that its pending tax law for.