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India’s income tax department has reportedly identified about 700 cryptocurrency investors who have failed to pay taxes on high-value crypto transactions. “We have a long list of people who were transacting in crypto assets but were not paying tax,” said an official with the country’s Central Board of Direct Taxation. Indian Tax Authority Going After … Read more
BitConnect founder is being sued for illegally raising funds and defrauding American investors of over $2 billion. Go to Source Powered by WPeMatico
The new guidelines regulate the size and language of disclaimers while prohibiting portraying the market as a ‘get rich quick scheme.’ Go to Source Powered by WPeMatico
The Indian government’s recent announcement of a 30% tax on crypto returns has sparked an industrywide discussion on its feasibility. Go to Source Powered by WPeMatico
As U.S. Congress continues its crypto education at a measured pace, states race to explore the benefits of financial innovation. Go to Source Powered by WPeMatico
The Indian government is consulting with the Reserve Bank of India (RBI) on crypto policies. According to the finance minister, the government and the central bank are in “complete harmony” on crypto and other issues. Indian Government and Central Bank Discussing Crypto Policies Internally Indian Finance Minister Nirmala Sitharaman revealed Monday that the government is … Read more
Cryptocurrency is currently a gray area in India. It is neither legal nor illegal. A parliament member, India’s finance secretary, and the minister of finance have recently clarified the legal status of cryptocurrency in India. Legal Status of Crypto in India Following the finance minister’s announcement to tax cryptocurrency income, the question of whether crypto … Read more
The country’s finance minister admitted to not having enough information to make a fateful call. Go to Source Powered by WPeMatico
India’s finance minister has revealed the current status of crypto policy in India, including whether crypto will be legalized or banned in the country. The question surrounding the legitimacy of cryptocurrency was raised in parliament after the government announced that income from crypto transactions will be taxed at 30%. Finance Minister Reveals Status of Crypto … Read more
India’s finance minister, Nirmala Sitharaman, has reportedly revealed that the government is “constantly monitoring” and “watching the crypto sector.” Referring to her budget speech, she noted that crypto taxation will be implemented before the central bank, the Reserve Bank of India (RBI), issues its digital currency. Indian Finance Minister on Monitoring Crypto Sector and RBI’s … Read more
