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3232India Maintains Crypto Tax Regulations in 2024/25 Budget
https://www.digit.info/india-maintains-crypto-tax-regulations-in-2024-25-budget/
Tue, 23 Jul 2024 15:16:41 +0000https://www.digit.info/india-maintains-crypto-tax-regulations-in-2024-25-budget/Read more]]>Indian Finance Minister Nirmala Sitharaman’s 2024-25 Union Budget keeps the existing cryptocurrency tax regulations unchanged, disappointing local crypto advocates. They argue that reducing the 1% tax deducted at source (TDS) is essential for reviving the struggling crypto industry in India. Industry leaders emphasize the need for ongoing dialogue with regulators to foster a supportive environment […]
]]>India Highlights Need for ‘Common Approach to Regulating Crypto Ecosystem’
https://www.digit.info/india-highlights-need-for-common-approach-to-regulating-crypto-ecosystem/
Wed, 01 Feb 2023 10:20:07 +0000https://www.digit.info/2023/02/01/india-highlights-need-for-common-approach-to-regulating-crypto-ecosystem/Read more]]>India’s Finance Ministry has highlighted the necessity for “a common approach to regulating the crypto ecosystem” in its flagship Economic Survey this year. “Crypto assets are self-referential instruments and do not strictly pass the test of being a financial asset because it has no intrinsic cashflows attached to them,” the Indian government stated. Finance Ministry’s […]
]]>Indian Crypto Market Suffers Significantly — Experts Say Trading Volumes Unlikely to Recover Anytime Soon
https://www.digit.info/indian-crypto-market-suffers-significantly-experts-say-trading-volumes-unlikely-to-recover-anytime-soon/
Tue, 27 Dec 2022 04:00:09 +0000https://www.digit.info/2022/12/27/indian-crypto-market-suffers-significantly-experts-say-trading-volumes-unlikely-to-recover-anytime-soon/Read more]]>Crypto trading volumes in India have plunged significantly this year. The FTX meltdown has exacerbated the problem, hurting “the sentiment across crypto tokens.” Local crypto experts are not expecting a recovery in the near future “Unless something dramatic happens” in the upcoming Union Budget. Indian Crypto Market ‘Dead’ Since April, Says Expert Cryptocurrency trading volumes […]
]]>Indian Government Needs More Time to Finalize Crypto Bill: Report
https://www.digit.info/indian-government-needs-more-time-to-finalize-crypto-bill-report/
Fri, 21 Jan 2022 03:00:51 +0000https://www.digit.info/2022/01/21/indian-government-needs-more-time-to-finalize-crypto-bill-report/Read more]]>Indian government officials reportedly said that India’s cryptocurrency bill will require more time because crypto is a complex subject. The bill is therefore unlikely to be introduced in the upcoming session of parliament. The government reportedly wants to hold more discussions to build a consensus on a regulatory framework for crypto. Crypto Bill Unlikely to […]
]]>Indian Crypto Industry Seeks Tax Clarity in Union Budget 2022-23
https://www.digit.info/indian-crypto-industry-seeks-tax-clarity-in-union-budget-2022-23/
Mon, 10 Jan 2022 04:30:16 +0000https://www.digit.info/2022/01/10/indian-crypto-industry-seeks-tax-clarity-in-union-budget-2022-23/Read more]]>An Indian industry association has written to the country’s finance minister seeking clarity on cryptocurrency taxation in Union Budget 2022-23. “The budget should ideally offer coherent rules on direct taxation and the GST Council should detail the applicability of taxation, else there will be confusion.” Industry Wants Clarity in Crypto Tax Laws in Union Budget […]
Indian Finance Minister Nirmala Sitharaman’s 2024-25 Union Budget keeps the existing cryptocurrency tax regulations unchanged, disappointing local crypto advocates. They argue that reducing the 1% tax deducted at source (TDS) is essential for reviving the struggling crypto industry in India. Industry leaders emphasize the need for ongoing dialogue with regulators to foster a supportive environment […]
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India’s Finance Ministry has highlighted the necessity for “a common approach to regulating the crypto ecosystem” in its flagship Economic Survey this year. “Crypto assets are self-referential instruments and do not strictly pass the test of being a financial asset because it has no intrinsic cashflows attached to them,” the Indian government stated. Finance Ministry’s […]
Crypto trading volumes in India have plunged significantly this year. The FTX meltdown has exacerbated the problem, hurting “the sentiment across crypto tokens.” Local crypto experts are not expecting a recovery in the near future “Unless something dramatic happens” in the upcoming Union Budget. Indian Crypto Market ‘Dead’ Since April, Says Expert Cryptocurrency trading volumes […]
Indian government officials reportedly said that India’s cryptocurrency bill will require more time because crypto is a complex subject. The bill is therefore unlikely to be introduced in the upcoming session of parliament. The government reportedly wants to hold more discussions to build a consensus on a regulatory framework for crypto. Crypto Bill Unlikely to […]
An Indian industry association has written to the country’s finance minister seeking clarity on cryptocurrency taxation in Union Budget 2022-23. “The budget should ideally offer coherent rules on direct taxation and the GST Council should detail the applicability of taxation, else there will be confusion.” Industry Wants Clarity in Crypto Tax Laws in Union Budget […]