Trading volume on three major Indian crypto exchanges plummeted 72.5% on average since July 1, when a 1% tax per transaction was enforced in the country. The Tax Deducted at Source (TDS) came into eff...
Tag: Indian
Crypto Volume On Indian Exchanges Drops By More Than 70% After 1% TDS Rule
Trading volume on crypto exchanges in India has taken a large hit of more than 70% since the start of the 1% TDS rule. Crypto Trading Volumes On WazirX, ZebPay, And CoinDCX Decline 70% Or More As repo...
Indian Crypto Exchanges Severely Hit By Regulators, Trading Volume Plunge By 90% !
During this crypto-winter, worldwide crypto traders have undergone significant losses. The situation is grim, as digital currencies’ worldwide market capitalization has fallen under $1 trillion, which...
The Low-Profile Billionaire Who Makes Big, Fat Profits Selling Ethnic Garments For Big, Fat Indian Weddings
Ravi Modi is the chairman and managing director of Vedant Fashions. Courtesy of Vedant Fashions Indians, whether rich, middle-class or poor, spend a fortune on their weddings, which are often celebrat...
Indian Crypto Companies Migrate Amidst Unclear Regulations
The crypto industry has been wobbling under severe volatility, India out of all the countries has been affected considerably. With rigorous clamping down of the digital asset space, which also include...
Indian Actors Kajol, Suriya; Filmmakers Pan Nalin, Reema Kagti Invited To The Academy
Indian actors Kajol, Suriya and filmmakers Reema Kagti and Pan Nalin have been invited to join The … [+] Academy. Getty Images + AP Indian actors Kajol and Suriya may soon become members of The ...
Russia Muscles In on Indian Oil Market at Expense of OPEC Titans
(Bloomberg) — Watch out Iraq and Saudi Arabia, Russia is making huge inroads into the Indian oil market and has quite possibly become the largest supplier to the giant Asian buyer. Most Read fro...
Indian Crypto and Web3 Companies Migrate to Dubai
Brain drain has started in India. As regulations change in the country, many Web3 entrepreneurs and businesses formerly based in the country are now taking flight. Dubai has been picking up the talent...
Billionaire Pallonji Mistry, Indian Construction Pioneer, Dies At 93
Pallonji Shapoorji Mistry Vikas Khot/IndiaPictures/Universal Images Group via Getty Images India-born billionaire industrialist Pallonji Mistry, who died on Tuesday at age 93, led the 156-year-old Sha...
Indian Crypto Excange CoinDCX Extends Withdrawal Restrictions to Meet Compliance Requirements
India’s largest crypto exchange by value – CoinDCX – has extended the withdrawal restrictions that have been in place since May 13 until further notice. It said these extreme steps are necessary to im...
Indian Investors Could Have Lost $128 Million to Fake Crypto Exchanges: Report Indian Investors May Have Lost $128 Million to Fake Digital Asset Exchanges: Report
Indian investors may have lost $128 million (INR 1,000 crore) to fake crypto exchanges. Most of them were cheated due to a lack of knowledge about safe investments in digital assets. As investors incr...
How Indian Cinema Became A Pan-India Business
MUMBAI, INDIA – MAY 30 : Anil Thadani attends the success bash for the ‘Bhool Bhulaiyaa 2’ film on … [+] May 30, 2022 in Mumbai, India (Photo by Prodip Guha/Getty Images) Getty...
Coinbase-Backed Indian Crypto Exchange Vauld Lays Off 30% Workforce Coinbase-backed Indian Trading Platform Vauld Lays Off 30% Workforce
The extreme pullback in the cryptocurrency market in the past few months has forced Coinbase, Bybit, and CryptoCom to reduce headcount. Now Indian trading platform Vauld has joined the league and anno...
Indian crypto investors have lost $128 million due to fake exchanges and wallets
? Want to work with us? CryptoSlate is hiring for a handful of positions! Crypto investors in India have lost over $128 million (nearly Rs 1,000 crore) due to a sophisticated phishing scam that includ...
Indian Investors Might Face 28% Additional Crypto Tax in the Form of GST
3 hours ago | 2 mins read Bitcoin News CBDT requested a 20% additional tax on money generated through DeFi. 28% tax rate was proposed by the Goods and Service Tax Council (GST) of India. Two days from...
Phishing Websites Hit $128M Jackpot in Indian Market
4 hours ago | 2 mins read Editors News Indian traders have lost around ₹1000 crores to phishing exchange sites. A panel meeting is planned with the financial authorities of the nation next week. The b...
RBI, Indian Banks to Pilot Blockchain Trade Financing: Report
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the futur...
Indian ministerial panel to convene next week to discuss tax on crypto transactions
An Indian ministerial panel is set to get together next week to explore the possibility of imposing a goods and services tax on cryptocurrency transactions. The panel, comprised of finance ministers f...
Two Top Indian Crypto Exchanges Disabled Withdrawals – What’s Going On?
– Advertisement – The two largest crypto exchanges in India have disabled withdrawals and people are not happy. Speculations are abounding about the two largest and most popular crypto e...
Indian Exchange CoinDCX Halts Crypto Withdrawals Citing Wallet Maintenance
Exchange News Banks are reluctant to accept crypto transactions because of regulatory uncertainties. Trading volumes at CoinDCX have dropped 40% since the UPI ban. CoinDCX’s chief operating officer, M...
Indian Crypto Advocacy Body Press for Restoration of Instant Retail Payments Service – UPI (Report) Indian Crypto Advocacy Body Press for Restoration of Instant Retail Payments Service –
The Blockchain and Crypto Assets Council (BACC) has asked the National Payments Corporation of India (NPCI) to restore the UPI service to Indian crypto exchanges. In a letter, it requested a meeting w...
Reliance and Disney bid to stream Indian Premier League cricket
The cost you’ll incur to stream Indian Premier League cricket tripled to about $6.2 billion, or around 480 billion rupees. This made acquiring media rights to this Indian based cricket tournament more...
Indian And Pakistani Cricketers Set To Team Up In A Reboot Of The Afro-Asia Cup
Indan cricketer Santhakumaran Sreesanth (2-R) joined forces with Pakistani cricketers Shoaib Malik … [+] and Shahid Afridi during the Afro-Asia cup in 2007 (Photo by DIBYANGSHU SARKAR/AFP via Ge...
Beware of Crypto, DeFi – Indian Chief Economic Advisor
Indian Chief Economic Advisor recently warned about the risks inherent in innovations like crypto and decentralised finance also called ‘DeFi’. The statement was made in an event organized by ASSOCHAM...
Crypto Tax is Blessing in Disguise for Investors: Indian Exchange CEO
Crypto investors were lucky, according to Nithin Kamath, the founder and CEO of Bengaluru-based digital trading startup Zerodha, because of TDS and taxes declared on cryptocurrency. The unicorn’s CEO ...
Indian Regulators Think Regulating Crypto Is Extremely Difficult, Offer Alternative
India’s regulatory agencies are pulling all the tricks from the playbook in an attempt to regulate cryptocurrencies, but it might not just be enough after imposing bans and introducing taxes. The Secu...
Prominent Turkish Exchange Bitay Plans to Enter the Indian Crypto Market
10 hours ago | 2 mins read Exchange News The company has already set up an office in Gurgaon in India. According to the data, the Indian crypto market grew by 641% in June 2021. Bitay, a well-known Tu...
Indian Government’s Chief Economic Adviser Warns of Danger in Crypto, Defi Without Regulation – Regulation Bitcoin News
The Indian government’s chief economic adviser has warned about innovations like crypto and decentralized finance (defi) in the absence of regulation. “We may not be fully aware or comprehend the kind...
Cryptos akin to a ‘world of Caribbean pirates’ without regulations: Indian CEA
On Thursday, 9 June 2022, the Indian Chief Economic Adviser V Anantha Nageswaran referred to cryptos as “a world of Caribbean pirates” in the absence of central regulatory power. He also said that whi...
Indian Police Nab 2 Crypto Experts for Theft; Securities Watchdog Raises Fresh Regulatory Concerns
The Cyber Crime Cell of Pune Police in India has nabbed two crypto experts who allegedly drained wallets that were reportedly under probe by the authorities. As per local media reports, the accused cy...
How Indian Taxation System can be Painful for Terra LUNA Investors
The sudden crash of the Terra Luna in early May was a black event that resulted in severe consequences for its investors and the crypto environment. Many investors lost their life savings, parked in t...
Indian investors To Pay 30% Tax On LUNA 2.0 Airdrop
When the algorithmic-stablecoin project failed, Terra investors worldwide lost billions of dollars. But a new token was distributed as compensation, “Luna 2.0”. As a result, they could recoup a small ...