India has always been one of the few countries that have expressed hostility towards cryptocurrencies as a threat to the nation’s economy. In a public speech a few months ago, the prime minister of In...
Tag: India
5th Element India Strategy To Focus On 5ire Partnership
5th Element to Help Fuel 5ire as It Connects Web 3.0 With UN Sustainable Development Goals in Bid to Become Next Unicorn DELHI, India, — In a wire release today, 5th Element Group PBC announced a glob...
India sees spike in crypto exchange sign-ups, but could it be premature
It’s been a time of celebration for India since the annual Budget announcement brought some clarity to the status of crypto in the country. This came after months of bated breath and fears of a blanke...
India Heading Toward Crypto Legalization?
One of the key themes for 2022 is the relationship between governments and the crypto industry. On today’s show, NLW looks at the latest from India, one of the countries with the highest degree of spe...
India Will Never Accept Cryptocurrency As Legal Tender, Says Finance Secretary
India’s Finance Secretary T.V. Somanathan warned on Wednesday that private digital money will never be recognized as legal tender in the country. Only the Reserve Bank of India’s digital currency is r...
India increases taxation on cryptocurrencies
In a move that is perhaps a bit of a surprise, India has announced that it will subject all income from cryptocurrency transfers to the 30% tax rate, the highest in the Indian tax regime Cryptocurrenc...
India Declares That Bitcoin Will Never Be Legal Tender In Its Country
The government of India has stated that cryptocurrencies will never be considered as legal tender. India’s finance secretary, T.V. Somanathan, clarified while speaking with Asia News International tod...
Cryptocurrency Obtains Partial Legal Status In India But There’s A Darkside To It ⋆ ZyCrypto
Advertisement     India is beginning to warm up to cryptocurrencies as it has been given validity under the law. India’s new cryptocurrency rules put digital assets in...
Bitcoin, Ether, and NFTs will ‘never become legal tender’ in India, says Finance Secretary
T.V. Somanathan, the finance secretary for the Indian government, is reportedly pushing back against the narrative cryptocurrencies will be widely accepted in the country — by dismissing the possibili...
India Confirms ‘It’s Not Illegal to Buy or Sell Crypto’ — Government Will Consult Widely on Crypto Regulation – Regulation Bitcoin News
India’s finance secretary has confirmed that it is not illegal to buy or sell crypto assets in India. Regarding cryptocurrency regulation, “the government’s approach is to consult widely and also to l...
Bitcoin and Ethereum Will Never Become Legal Tender in India, Says Finance Secretary
Alex Dovbnya India’s finance secretary has definitively rejected the idea of making Bitcoin and Ethereum legal tender India’s Finance, Secretary T. V. Somanathan, has dashed whatever slim ...
India Proposes 30% Tax on Crypto Income, Announces Digital Rupee Launch
The government of India revealed on Tuesday that it would be launching a digital rupee and start taxing income from crypto, The Hindustan Times reported. In her Budget 2022 presentation, Indian financ...
India Announces Upcoming Launch of Central Bank Digital Currency, Digital Rupee, to Be Issued by RBI – Regulation Bitcoin News
The Indian government has announced the upcoming launch of the country’s central bank digital currency. The digital rupee will be issued by the Reserve Bank of India (RBI) in the financial year 2022-2...
India Adopts Crypto, Introduces ‘Crypto Tax’ At Union Budget 2022
India in its Union Budget 2022 has decided to introduce a ‘Crypto Tax’. Finance Minister Nirmala Sitharaman proposed a 30% tax on any income from the transfer of virtual digital assets. No Tax deducti...
India to Launch CBDC by 2022-2023, Proposes 30% Tax on Crypto Income
Having made this declaration on the digitized rendition of the Indian rupee, India’s first Woman Finance Minister also offered the implementation of a thirty percent tax on crypto that focuses on the ...
India Budget 2022: Crypto Income To Be Taxed 30%
India welcomes the new crypto tax regime, as the government announces a flat 30% tax on income from all digital assets. Crypto Becomes Legal Asset In the 2022 Budget Speech, Finance Minister Nirmala ...
India Introducing 30% Crypto Tax Amid Digital Rupee Plans
Authorities in India have decided to introduce a tax on cryptocurrency transactions, in addition to issuing a digital currency within the next two years. Finance Minister Nirmala Sitharaman made these...
India Plans To Regulate Cryptocurrencies With A Hefty 30% Tax On Gains
Topline India’s government on Tuesday announced plans to impose a 30% tax on income gained from digital assets like cryptocurrencies and non-fungible tokens (NFTs), in a move that will assuage earlier...
India Proposes 30% Tax on Crypto Income — Finance Minister Cites ‘Phenomenal Increase’ in Crypto Transactions – Regulation Bitcoin News
The Indian government has proposed taxing income from cryptocurrencies and other digital assets at 30%. India’s finance minister, Nirmala Sitharaman, said: “There’s been a phenomenal increase in trans...
India Publishes Bill Legalizing Bitcoin – Trustnodes
After years of debate, a temporary ban by the Central Bank, a Supreme Court ruling and rumors of a ban by the Parliament, India has finally moved to officially classify cryptos as digital assets. The ...
A 30% Tax-On-Gain Likely For All Cryptocurrencies As India Prepares To Launch Digital Rupee ⋆ ZyCrypto
Advertisement     India is set to launch its digital rupee in 2022, making it the tenth country to venture into CBDCs. The disclosure, which was included in its 2022 U...
Crypto Becomes Legal In India, Here’s All You Need To Know
The festival for crypto fans is finally coming to an end in India. India on Tuesday proposed the launching of the digital Rupee by next year. It also proposes a 30% income tax on earnings from the tra...
India shows no sign of banning crypto, introduces Taxation: indicates Finance Minister
High taxes would be charged on transfers and remittances through the digital assets. Indian Budget 2022 is here; finally, virtual digital currencies and CBDCs got some space into the picture. High tax...
India to tax crypto income at 30%, launch CBDC in the fiscal year 2023
India has provided a much-anticipated clarity on crypto taxation in its Union Budget for the fiscal year 2022-23. The budget, presented on Tuesday by India’s Finance Minister Nirmala Sitharaman,...
Crypto Now Legal in India, Here Are Tax Rates
Vladislav Sopov One more country established clear legal framework for digital assets operations and taxation Contents Crypto now regulated and taxed in India Community hails the proposal: “Yet ...
India to Tax Crypto Gains at 30%, No Exemption Is Allowed
The Indian government has specified its taxation rule for cryptocurrencies. It will impose 30 percent taxation on the transfer of virtual assets from the financial year 2022-2023, Finance Minster Nirm...
Breaking | India: Transfer of digital assets to attract 30% tax
Finance Minister Nirmala Sitharaman has unveiled the Indian Budget today for 2022-23 with two major announcements around cryptocurrencies. The FM has proposed a taxation rate of 30% on any income aris...
India Announces 30% Tax on Crypto Profits, the Highest Tax Band In the Country
Profits derived from trading Crypto Assets will attract 30% taxes, Indian Finance Minister Nirmala Sitharaman made an announcement while addressing the budget session earlier today, February 1. This c...
Philippines’ Ayala Corp. Unit, Partner To Invest $220 Million In Indian Solar Energy Project
Workers construct part of a solar farm in India. NARINDER NANU/AFP via Getty Images AC Energy—a unit of billionaire Jaime Zobel de Ayala’s Ayala Corp.—and partner UPC Solar Asia Pacific are investing ...
India: Legal experts divided on pre-budget crypto-wishlist ahead of Union Budget
Previous reports have clarified that it is unlikely that a comprehensive crypto-bill will be introduced in the Parliament for the upcoming Budget Session on 1 February. However, the crypto-industry in...
Google To Invest Up To $1 Billion In Indian Billionaire Sunil Mittal’s Bharti Airtel
Sundar Pichai speaks during an event to introduce Google Pixel phone and other Google products in … [+] San Francisco, California. Ramin Talaie/Getty Images Alphabet Inc’s Google on Friday said ...