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3232Binance Sees Record Increase in Indian Users After Government Starts Imposing New Crypto Tax
https://www.digit.info/binance-sees-record-increase-in-indian-users-after-government-starts-imposing-new-crypto-tax/
Thu, 15 Sep 2022 03:30:33 +0000https://www.digit.info/2022/09/15/binance-sees-record-increase-in-indian-users-after-government-starts-imposing-new-crypto-tax/Read more]]>The number of Indian users on cryptocurrency exchange Binance has soared after the Indian government began levying taxes on crypto transactions. Meanwhile, daily trading volumes at some major India-based cryptocurrency exchanges are down over 90% since the new tax rules took effect. Binance Sees Record Number of Indian Users The number of Indian user sign-ups […]
]]>Parliament Member Says 1% TDS Will Kill Crypto Asset Class in India, Urges Government to Reconsider
https://www.digit.info/parliament-member-says-1-tds-will-kill-crypto-asset-class-in-india-urges-government-to-reconsider/
Mon, 28 Mar 2022 05:30:47 +0000https://www.digit.info/2022/03/28/parliament-member-says-1-tds-will-kill-crypto-asset-class-in-india-urges-government-to-reconsider/Read more]]>An Indian parliament member has warned that imposing a 1% tax deducted at source (TDS) on every crypto transaction will kill the nascent asset class. This tax provision is contained in Finance Bill 2022 which Lok Sabha, the lower house of India’s parliament, has passed. However, India’s finance minister insists that the TDS on crypto […]
The number of Indian users on cryptocurrency exchange Binance has soared after the Indian government began levying taxes on crypto transactions. Meanwhile, daily trading volumes at some major India-based cryptocurrency exchanges are down over 90% since the new tax rules took effect. Binance Sees Record Number of Indian Users The number of Indian user sign-ups […]
An Indian parliament member has warned that imposing a 1% tax deducted at source (TDS) on every crypto transaction will kill the nascent asset class. This tax provision is contained in Finance Bill 2022 which Lok Sabha, the lower house of India’s parliament, has passed. However, India’s finance minister insists that the TDS on crypto […]