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3232Nothing Outlaws Crypto in India if Legal Procedures Are Followed, Says Government Official
https://www.digit.info/nothing-outlaws-crypto-in-india-if-legal-procedures-are-followed-says-government-official/
Sat, 21 Jan 2023 03:30:40 +0000https://www.digit.info/2023/01/21/nothing-outlaws-crypto-in-india-if-legal-procedures-are-followed-says-government-official/Read more]]>An Indian government official says that there is currently nothing that outlaws crypto in India “as long as you follow the legal process.” Meanwhile, the country’s central bank, the Reserve Bank of India (RBI), has stressed that “cryptocurrency does not have any underlying value.” Indian Government Official on Crypto Indian government official Rajeev Chandrasekhar talked […]
]]>Indian Parliament Member Insists Crypto Is Like Gambling — Wants to Tax at 50%
https://www.digit.info/indian-parliament-member-insists-crypto-is-like-gambling-wants-to-tax-at-50/
Thu, 07 Apr 2022 03:30:11 +0000https://www.digit.info/2022/04/07/indian-parliament-member-insists-crypto-is-like-gambling-wants-to-tax-at-50/Read more]]>An Indian parliament member says crypto is like gambling and must be taxed at a very high rate, such as 50%. “We need to discourage and disincentivize” trading and investing in the asset class, he stressed. Indian Parliament Member Wants to Tax Crypto at 50% Indian parliament member Sushil Kumar Modi shared his view on […]
]]>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 […]
An Indian government official says that there is currently nothing that outlaws crypto in India “as long as you follow the legal process.” Meanwhile, the country’s central bank, the Reserve Bank of India (RBI), has stressed that “cryptocurrency does not have any underlying value.” Indian Government Official on Crypto Indian government official Rajeev Chandrasekhar talked […]
An Indian parliament member says crypto is like gambling and must be taxed at a very high rate, such as 50%. “We need to discourage and disincentivize” trading and investing in the asset class, he stressed. Indian Parliament Member Wants to Tax Crypto at 50% Indian parliament member Sushil Kumar Modi shared his view on […]
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 […]