India
Binance Challenges Indian Tax Showcause; Ronin Pauses After $9 Million White Hat Hack
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as Binance challenged a nearly $86 million tax showcause notice from India's Directorate General of Goods and Services Tax Intelligence. Plus, bridging service Ronin was paused after a white hat hack, and spot ether ETFs recorded net inflows of nearly $49 million on Monday despite the slump in ETH.
Binance Challenges $86M Indian Tax Showcause Notice: Source
The notice, a first step taken by the authority when it suspects tax evasion, was issued to Binance last week.
Indian Survey Reveals Impact of Crypto Taxes and Anti-Money Laundering Rules on Investors
The study was conducted to assess how savvy investors are engaging with traditional finance, crypto and stablecoins in their investment portfolios.
WazirX Co-Founder Nischal Shetty Says All Options Are on the Table for Fund Recovery
Shetty said that outreach efforts to different exchanges “are going to be crucial.”
WazirX Surveys Users on Recovery Options After $230M Hack, Leaves Customers and Industry Players Fuming
The Indian crypto exchange has put out a fresh statement clarifying that the poll was "not legally binding" and was a "preliminary step to understand" customer opinions.
Indian City of Raipur Puts Real Estate Records on Blockchain With Airchains
"Certification should be secure and decentralization is the future we should work on," Abinash Mishra, Commissioner, Raipur Municipal Corporation told CoinDesk in an interview on Thursday.
India Has Seen 92 Drug Trafficking Cases in Four Years Involving Dark Net and Crypto
The nation's junior Home Minister Nityanand Rai responded in parliament to questions about drug trafficking from Jose K. Mani, a minister of parliament (MP) from the opposition.
India to Release Its Crypto Policy Stance by September After Stakeholder Consultations: Report
“The policy stance is how does one consult relevant stakeholders, so it is to come out in the open and say here is a discussion paper these are the issues and then stakeholders will give their views,” said Ajay Seth who is the Economic Affairs Secretary in India's Finance Ministry.
India Keeps Controversial Crypto Tax Rules Unchanged, Finance Minister's Budget Speech
The budget is the first since Prime Minister Narendra Modi was elected for a third straight term.
Kamala Harris Meme Coin Soars as Biden Drops Out; India’s Tax Policy Unlikely to Change
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as Vice President Kamala Harris-inspired meme coin KAMA rises on the news that President Joe Biden has dropped out of his re-election campaign. Plus, experts say that India is unlikely to change its controversial tax policy on crypto and BitForex announces that the exchange will open for withdrawals after a five-month outage spurred by Chinese police investigation.
