India’s cryptocurrency market has struggled under the weight of its harsh tax policies, raising concerns about the country’s position in the global digital economy. In 2022, the government imposed a 1% Tax Deducted at Source (TDS) on crypto...
India's changing stance on cryptocurrency regulation is
drawing international focus. In 2024, significant advancements in crypto
adoption and institutional involvement were observed, with Bitcoin reaching a
record high of $108,000 recently.A key...
India’s crackdown on tax evasion by cryptocurrency
exchanges uncovered nearly $97 million in unpaid goods and services tax (GST). Among
the companies named are major players Binance and WazirX.The country’s Minister of State for Finance,...
India is unlikely to introduce any changes to its controversial tax-deducted-at-source (TDS) policy on Tuesday when Finance Minister Nirmala Sitharaman reveals her budget for 2024-2025, experts predicted.
Crypto exchange Binance is reportedly contemplating a comeback to India’s market after being banned in late 2023, with the potential re-entry subject to a penalty of around $2 million, as per the Economic Times report on Thursday. The platform’s...
The dynamics of the crypto market in India are expected to mark a major shift. This comes to light as reports about Binance re-entering India surface. Binance has apparently settled the penalty of $2 million and has agreed to operate in compliance...
Thanks to the current Bitcoin bull run, Indian cryptocurrency exchanges, battling extremely low volume over the past months, are finally witnessing some cheerful moments.
India does not appear to be making any changes to the controversial tax deducted at source (TDS) policy affecting the crypto-assets (virtual currency) industry. Finance Minister Nirmala Sitharaman presented the Budget in Parliament on February 1....
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