India

The Indian government is likely to levy both direct and indirect taxes on crypto assets, as per a local report. A source to the media outlet noted, “One of the key issues is taxation. If there is gain or income from crypto, it should be taxed per capital gains rules. Similarly, if there is serviceContinue reading “India: both Income tax and GST may apply to crypto”

India, one of the world’s most populated countries, is home to a huge number of cryptocurrency investors. Just recently, investments in these tokens crossed the $10 billion mark. Needless to say, crypto-money regulations, set to be implemented by around February 2022, are expected to affect the entire ecosystem. Coloring this “grey” patch… Crypto-holding Indian founders,Continue reading “India’s Paytm might have Bitcoin plans, but here’s the caveat”

One of the largest centralized cryptocurrency exchanges, Coinbase announced the acquisition of an AI-powered customer support platform, Agara. This new startup, based in India’s Bengaluru city, will help Coinbase to make it easier for new users to hop on to its platform and seek assistance. The official announcement by the involved parties did not mentionContinue reading “Coinbase acquires Agara after announcing plans to build tech hub in India”

Depending on which part of the world you live in, you will be able to gain access to not only cryptocurrencies, but also blockchain-related products. While a booming market has turned many countries into crypto-allies, some have remained cautious of its volatility, including India. The push towards central bank digital currencies [CBDC] has been hailedContinue reading “India ready to embrace CBDC as ‘private cryptos hurt government revenues’”

One memecoin that has managed to eclipse the popularity of Dogecoin lately, is Shiba Inu.  It surprised the cryptocurrency community with an exponential rally that lasted for weeks. SHIB raked in continued gains throughout the past two weeks, rising up to the 12th position by registering a 310% price increase during this time. This increaseContinue reading “Shiba Inu continues to rise in popularity, latest listing on Indian exchange ZebPay”

The Indian cryptocurrency industry has been booming lately, despite the lack of regulatory clarity on the national level. In fact, this is only expected to grow over time. In fact, according to a research report compiled by NASSCOM and WazirX, the country’s crypto-tech industry could hit $241 million by 2030 and $2.3 billion by 2026Continue reading “$184B and 800k jobs – What do these stats mean for crypto and India”

India’s second Covid-19 wave earlier this year proved especially harrowing for the country, leading to many international personalities donating huge relief funds. Among them was Ethereum co-founder Vitalik Buterin who, at the time, donated trillions of Shiba Inu coins in a bid to support India. Earlier today, the ‘India’s Crypto-Covid Relief’ account announced that itContinue reading “India: Here’s the latest update on Buterin’s Shiba Inu donations”

Cryptocurrency trading in India might soon be subject to a tax structure. The country’s finance ministry is reportedly forming a committee to examine how income generated through crypto-trading activities can be taxed. According to reports, the panel will evaluate whether income earned from cryptocurrencies can be taxed as capital gains or if a new categoryContinue reading “India: Panel to study the question of taxing cryptocurrency trading incomes”

Indian traders and exchanges might be bullish about the crypto market, but the Indian  government doesn’t seem keen on rushing into the scene. At least, not until studying its homegrown fintech industry and the anti-Bitcoin protests in El Salvador. Tracking global news Indian finance minister Nirmala Sitharaman in a recent interview with Hindustan Times explainedContinue reading “Indian government cautious about crypto-adoption, CBDC is a possibility”