Member of Parliament Sushil Kumar Modi, from India’s ruling party, has once again suggested increasing the tax slab on digital assets. In a recent interview with Forkast, the MP commented that crypto ...
Tag: Indian
This Indian MP Wants Crypto Taxes Increased By 50%, But Why?
Member of Parliament in the Rajya Sabha and Indian politician, Sushil Kumar Modi has presented a proposition that taxes on cryptocurrencies should be raised from the current 30% to 50%. Sushil Modi re...
Coinbase Focuses on Crypto and Web3 in India — Plans to Hire 1,000 for Indian Hub – Exchanges Bitcoin News
Coinbase is focusing on growing the crypto and Web3 ecosystem in India. “Combined with India’s world-class software talent, we believe that crypto and web3 technology can help accelerate India’s econo...
Coinbase unveils its aggressive Indian expansion strategy
Coinbase unveiled that it will be significantly expanding its presence in India, growing both its employees and investments in the country. Brian Armstrong, the CEO of Coinbase, laid out the company’s...
Indian Crypto Exchanges Report Sharp Drop in Transaction Volume After 30% Tax Kicked
Since the new crypto tax came into effect on April 1, Indian digital asset exchanges have witnessed a sharp fall in transaction volumes. The final days of March also saw a panic selling. Crypto Trans...
FTX in Negotiation for Possible Investment in Indian Mobile Gaming Startup MPL, Coinbase CEO Bullish on Crypto’s Future in India – crypto.news
Indian Mobile Premier League, MPL, is making progress in its push for web3 integration. According to media sources, the platform is seeking to raise funds from various investors including crypto giant...
Coinbase To Go on Hiring Spree Amid New Push for Expansion in Indian Market
Top US crypto exchange Coinbase is making a new push to expand its presence in India with plans for a big hiring spree. In a new blog post, CEO Brian Armstrong notes how Coinbase Ventures, the company...
Indian crypto exchanges record 15%–55% drop in volume amid new tax regime
TL;DR Breakdown Local crypto exchanges have seen a sharp decrease in volumes over the first three days of April. Aditya Singh, the co-founder of Crypto India, has also said how trading has plummeted i...
Coinbase to invest in Indian crypto and Web3 amid tax regulation clarity
Coinbase Ventures, an investment arm of American crypto exchange Coinbase, shared a plan to invest $1 million in various Indian cryptocurrency and Web3 initiatives via an in-person pitching event. In...
Crypto Trading Volumes on Indian Exchanges Drop 15%–55% After New Tax Law
Cryptocurrency exchanges in India have seen trading volumes drop between 15% and 55% since the new tax law came into effect on April 1. Analysts also believe that liquidity could be affected as a 1% t...
Indian Government in contact with world bank IMF for new Crypto Policy –
The Indian government is working with the International Monetary Fund (IMF), the World Bank, and Indian regulators to develop its crypto policy. “Both inside and beyond the country, we’ve reached out ...
Former Indian chief minister likens crypto to gambling, calls for higher taxation
A former Indian chief minister said “crypto is gambling” and urged the government to raise the taxes imposed on virtual assets. “Crypto is gambling. It is a form of lottery, a form of horse racing… Wh...
Indian Government Consulting With IMF, World Bank on Crypto Policy – Regulation Bitcoin News
India’s government is consulting with the International Monetary Fund (IMF), the World Bank, and Indian regulators in order to form the country’s crypto policy. “We have reached out to institutional s...
Indian Parliament Passes Law Charging 30% Capital Gain Tax on Crypto – crypto.news
Earlier today, the Indian Rajya Sabha approved a new rule that taxes 30% on digital currency holdings and transfers. This comes after the lower house passed the law to tax cryptocurrencies barely a fe...
Crypto Tax Mistakes That Can Be ‘Very Costly’ Ahead of April Implementation, Indian Tax Counselor Weighs in
The new taxation regime for virtual digital assets is set to take effect in India from April 1. Meanwhile, investors have been looking at ways to reduce their tax liability. Some are even considering ...
Indian Lawmaker Calls Out Indian Govt. Over Unfair Crypto Taxation
Cryptocurrency has become a burning topic all around the globe. Nations are either creating regulations around it or banning it. In the same perusal, Member of parliament, Priyanka Chaturvedi question...
Indian State Issues Digital Caste Certificates On Polygon
The state government of Maharashtra has recently announced that it has joined hands with Polygon to issue verifiable caste certificates on its blockchain platform LegitDoc. State Government Turns To B...
Indian State Government Issues Caste Certificate to Citizens via Blockchain – crypto.news
The Maharashtra government has decided to leverage crypto and blockchain technology by rolling out 65,000 caste certificates, which would speed up delivering governmental schemes and benefits. Mahara...
Indian Maharashtra state pivots to Polygon for digital caste certificates
The government of Maharashtra, one of the most industrialized states in India, has issued 65,000 digital caste certificates based on the Polygon blockchain technology. “I’m excited to announce that th...
Indian State Issues Caste Certificates on Polygon as Part of e-Governance
The Maharashtra Government has issued 65,000 caste certificates on the Polygon network, setting a precedent for using Web3 for e-governance. Polygon’s co-founder Sandeep Nailwal applauded the initiati...
Polygon Blockchain Leveraged by Indian State to Issue 65,000 Caste Certificates
Tomiwabold Olajide Over 65,000 caste certificates have been issued on the Polygon network by the Maharashrta government As shared on Polygon’s official Twitter handle, over 65,000 caste certific...
Indian state gov’t uses Polygon to issue verifiable caste certificates
The Government of Maharashtra, one of India’s state governments, has started issuing caste certificates over the Polygon blockchain to citizens residing in Etapalli village, Gadchiroli district,...
Indian Parliament Member Asks Government to Tax Crypto Income More Than 30% – Taxes Bitcoin News
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 reque...
Indian Government Reveals 11 Crypto Exchanges Investigated for Tax Evasion, $13 Million Recovered – Taxes Bitcoin News
The Indian government has revealed that 11 cryptocurrency exchanges have been under investigation by the country’s tax authority. About 95.86 crore rupees ($12.6 million) have been recovered from them...
Singapore Billionaire Forrest Li’s Sea Shuts Indian E-Commerce Unit Amid Global Market Uncertainties
A woman holds a smartphone with the Shopee logo displayed on her screen. Rafael Henrique/SOPA Images/LightRocket via Getty Images Sea Ltd.—controlled by Singapore billionaire Forrest Li—is shutting do...
11 Crypto Exchanges Fined for Tax Evasion in FY22: Indian Minister 11 Crypto Exchanges Were Fined for Tax Evasion FY22: Indian Minister
The evasion of Goods and Services Tax (GST) by crypto exchanges was figured in the Indian Parliament on March 28. Minister of State for Finance Pankaj Chaudhary informed that 11 such digital asset pla...
Indian Govt. Charges 11 Crypto Exchanges For Tax Evasion
The Indian government had accused 11 crypto exchanges, including WazirX, CoinDCX, CoinSwitch Kuber, of tax evasion, said Minister of State for Finance Pankaj Chaudhary in a written response to the Par...
Report Indian Police Registers Crypto Fraud Case against Couple, Associates
The lack of knowledge among common investors about cryptocurrencies and how to safely invest in them is resulting in a growing number of frauds. In a recent example, the Crime Investigation Department...
Indian MP Nishikant Dubey Says Crypto Is Used for Bribery and Money Laundering
Nishikant Dubey, a member of Bharatiya Janata Party’s member of parliament in India, said on Friday that cryptocurrencies are being used to facilitate bribery and money laundering. Dubey Labels Crypto...