• In India, cryptocurrencies, like betting and casinos, may soon be subject to a 28 percent GST

    In India, cryptocurrencies, like betting and casinos, may soon be subject to a 28 percent GST0

    The GST Council is expected to consider imposing a 28 percent GST on cryptocurrencies. The government wants cryptocurrency to be on par with lotteries, casinos, racetracks, and betting. The GST Council has appointed a law committee to consider the idea to impose a 28% Goods and Services Tax on all services and activities related to

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  • The Indian Finance Minister hails blockchain technology

    The Indian Finance Minister hails blockchain technology0

    While hailing blockchain as “extremely necessary,” Indian Finance Minister Nirmala Sitharaman stated that the “inherent risk” of this nascent technology necessitates prudence. Private cryptocurrencies like as bitcoin, on the other hand, are “pretty well disseminated” in India, according to her. Sitharaman explained that while the Indian government supports the use of distributed ledger technology (DLT),

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  • How Buterin’s millions were spent on India’s covid relief program

    How Buterin’s millions were spent on India’s covid relief program0

    When hospitals ran short of beds and oxygen cylinders during the second wave of Covid-19 in April and May of last year, Ethereum developer Vitalik Buterin came to India’s rescue. Vitalik aided India’s fight against the pandemic by donating millions to the Covid-19 relief fund, providing around 500 Ethereum, 50 trillion Shiba Inu tokens, and

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