India
UAE Becoming Crypto Hub; India’s Tax Bogeyman
Australia’s BTC Markets partners with Mastercard for payment options. Crypto.com, Bybit book tickets to Dubai to set up bases. India’s crypto taxes scaring away younger investors. More on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
India Identifies 11 Crypto Exchanges Accused of Tax Evasion
India’s tax authority first began seizing assets to address alleged tax evasion late last year and initially identified six exchanges.
India's Supreme Court Seeks Wallet Info From Suspect in $3.8B GainBitcoin Scam
Ajay Bhardwaj, the brother of Amit Bhardwaj, the primary suspect who is now deceased, has been asked to give his username and password to authorities.
India Imposes 30% Tax on Crypto Transactions
India has passed a new law that will impose a 30% capital gains tax on cryptocurrency transactions, putting digital assets in the same taxation category as traditional stocks. “The Hash” discusses what this means for Indian crypto companies like Polygon, which now operate in a hostile market.
‘We Have Entered a Period of Pain,’ Says WazirX CEO of India’s New Tax Laws
Nischal Shetty, one of the most prominent figures in India’s crypto industry, talks candidly and at length about what’s at stake with the country’s new tax provisions.
India Passes Crypto Tax Law, EU Moves Forward With MiCA Bill
CoinDesk Managing Editor for Global Policy and Regulation Nikhilesh De discusses how India’s new crypto tax law, which will impose a 30% capital gains tax, could impact the country’s local Web 3 scene and possibly create a “brain drain.” Plus, a conversation about the EU’s MiCA bill and its implications for the European crypto industry.
India Passes Stiff Crypto Tax Laws Despite Industry Uproar
Amendments sought by the crypto industry were not adopted.
Bollywood Icon’s Tax Bill; Metaverse Fashion Week Opens
China’s ZTE registers metaverse trademarks. Indian superstar Amitabh Bachchan chased over NFT tax. Decentraland offers a glimpse into the future of fashion at its Metaverse Fashion Week. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
First Mover Asia: With Finance Bill Vote, India Continues to Reckon With the Growing Crypto Industry; Bitcoin, Ether Tread Water
The expected passage of a finance bill will include a steep crypto tax that the industry says will discourage innovation and cost the country some of its technology talent; several major altcoins rise.
India’s Crypto Industry Fears Proposed Tax Rules Will Increase ‘Brain Drain’
The new tax proposals are set to formally become law on Thursday amidst little hope that the government may soften the tax blow.
