Crypto exchange CoinDCX raises $135M funding to support Indian Web3
The latest funding round doubled CoinDCX’s valuation to $2.15 billion, making it the most-valued crypto company in India. Go to Source Powered by WPeMatico
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Indian Crypto Exchanges Disable UPI, Other Payment Options
A number of cryptocurrency exchanges in India are disabling rupee deposits, particularly payments using the Unified Payments Interface (UPI) system. This followed a statement issued by the National Payments Corporation of India (NPCI) regarding the usage of the UPI system by crypto exchanges. Indian Exchanges Stop Offering Major Payment Options Options to deposit Indian rupees … Read more
Indian crypto exchanges’ volume plunges down as 30% tax goes into effect
Payment services providers have also cut ties with major crypto exchanges even when the same is available for gambling and fantasy sports platforms. Go to Source Powered by WPeMatico
Museums in the metaverse: How Web3 technology can help historical sites
Historical-site metaverses may become a new business model for tourism, and they may rewrite history in the process. Go to Source Powered by WPeMatico
Coinbase to invest in Indian crypto and Web3 amid tax regulation clarity
Coinbase Ventures will conduct an in-person pitching event in Bengaluru to help accelerate India’s financial inclusion goals via crypto and Web3 investments. Go to Source Powered by WPeMatico
New crypto owners nearly doubled in 3 key regions in 2021: Report
More than half of respondents in India, Brazil and Hong Kong made the first purchase of a cryptocurrency like Bitcoin in 2021. Go to Source Powered by WPeMatico
India’s Crypto Trading Volume Plummets as New Tax Rules Enter Into Force
Crypto trading volumes in India have plummeted following the new tax law entering into force. The new rules impose a 30% flat tax on crypto income and do not allow losses to be offset against gains. New Crypto Tax Rules in Effect The new crypto tax rules entered into force on April 1 after the … Read more
30% crypto tax becomes law in India following Finance Bill approval
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. Go to Source Powered by WPeMatico
Indian state gov’t uses Polygon to issue verifiable caste certificates
In partnership with LegitDoc, the Maharashtra government is in the process of rolling out 65,000 caste certificates to aid the process of delivering governmental schemes and benefits. Go to Source Powered by WPeMatico
Indian Parliament Member Asks Government to Tax Crypto Income More Than 30%
An Indian parliament member has urged the government to increase the tax on crypto income from the current proposed rate of 30%, stressing that crypto trading is similar to gambling. He has also requested that the goods and services tax (GST) be imposed on the total transaction value of crypto. Indian Parliament Member Wants to … Read more
