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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Category: Bitcoin in India
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Indian taxman recovers $6.62M from WazirX for evading tax on commission
Government officials from CGST Mumbai Zone recovered the funds from crypto exchange WazirX after detecting a GST evasion of $5.43 million on trade commissions.
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Indian police commissioner issues a public warning against crypto frauds
On behalf of the Hyderabad City Police, Addl. Commissioner Shikha Goel asked Indian citizens to invest in crypto only through reputed and long-established players in this field.
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Singaporean crypto exchange enters India amid regulatory uncertainty
Singapore’s Coinstore crypto exchange has allotted $20 million for opening up three new offices in the Indian market.
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Crypto prices in India tumble after crypto bill announced
The token prices on the Indian crypto exchange WazirX crashed following the announcement of a bill that would ban all private crypto.
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India’s top payment firm Paytm reportedly considers Bitcoin services
In India, the regulatory environment surrounding Bitcoin is still in a “grey area.”
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Bitcoin Legal in India: Exchanges Resume INR Banking Service After Supreme Court Verdict Allows Cryptocurrency
Indian cryptocurrency exchanges are bringing back banking support after the Supreme Court of India struck down the banking ban on the crypto industry. News.Bitcoin.com talked to several crypto exchange executives to find out the effects of the supreme court ruling and what their exchanges plan to offer users now that the banking ban has been […]
The post Bitcoin Legal in India: Exchanges Resume INR Banking Service After Supreme Court Verdict Allows Cryptocurrency appeared first on Bitcoin News.
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Over 16,000 Indians Sign Petition Against “Irrational” RBI Crackdown
Cryptocurrency users in India are using the internet to voice their protest over a recent crackdown by the country’s central bank. Instead of allowing it to be stifled, petitioners call on the government to help cultivate the new ecosystem which can benefit India in various ways. Also Read: ADS Securities Adds Bitcoin Cash, Litecoin, […]
The post Over 16,000 Indians Sign Petition Against “Irrational” RBI Crackdown appeared first on Bitcoin News.
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Indians Expect Clarity on Bitcoin Taxes within Days
Under mounting pressure to make decisions and take steps to clarify cryptocurrency matters, the Indian government may soon shed some light on one of many unclear aspects – taxation. Local media have turned the spotlight on Budget 2018, but lots of titles end with question marks. The new financial frame is to be presented next […]
The post Indians Expect Clarity on Bitcoin Taxes within Days appeared first on Bitcoin News.
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Mining Operations Offered to India After Mixed Signals from Beijing
Members of the Indian crypto community have received offers to set up mining facilities after reports of potentially negative developments for miners in China. According to local media, businesses are already exploring such opportunities as India has some of the lowest electricity rates. Upcoming regulation, however, may put some hurdles on the track. Also read: […]
The post Mining Operations Offered to India After Mixed Signals from Beijing appeared first on Bitcoin News.
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