CoinDCX
What India's Controversial Crypto Tax Means for Investors
India introduced a 30% tax on crypto profits and the 1% TDS on all transactions in July, 2022, resulting in traffic taking a nosedive and many exchanges going into survival mode. CoinDCX CEO Sumit Gupta discusses the controversial crypto policy and the subsequent impact for crypto veterans and beginner investors alike.
India Won't See Crypto or Web3 Bill for Another 18 Months, Senior Lawmaker Says
Jayant Sinha, one of India's senior politicians who helps oversee the financial evolution of the nation, told CoinDesk that the country is unlikely to bring a crypto or Web3-specific legislative bill anytime soon. CoinDCX CEO Sumit Gupta joins "First Mover" to discuss the state of crypto regulation and mainstream adoption in India.
Indian Crypto Exchange CoinDCX Is Slashing 12% of Jobs Amid Bear Market, Crypto Taxes
One of India's most prominent cryptocurrency exchanges, CoinDCX, is cutting about 12% of its staff as the prolonged bear market and India's tax policies hit revenue. CoinDesk regulatory reporter Amitoj Singh breaks down how crypto services are impacted by the stiff taxes India has imposed on the industry.
Indian Crypto Exchanges in Survival Mode Amid Crypto Winter
Indian crypto exchanges are in survival mode, cutting costs wherever possible, re-negotiating partner contracts, suspending employee pay-hikes, conducting lay-offs, exploring new revenue models and rebranding themselves, all in an effort to extend their financial runways. "The Hash" panel discusses the ongoing fallout of crypto winter and the implications for India's state of crypto.
Binance Denies Russia Involvement; CoinDCX Talks Future Plans
Binance denies report on sharing client data with Russia. China pushes ahead with plans to showcase the e-CNY at September’s Asian Games. CBDCs and what they mean for the future of stablecoins. Investors double down on CoinDCX despite difficulties in India.
Korea Crypto Tax Postponed, CoinDCX Looks to IPO
Korea’s KB Kookmin Bank develops virtual banking services. Imposition of Korea’s crypto tax postponed. India’s CoinDCX looking to IPO when legislation allows. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
CoinDCX Becomes First Crypto Unicorn in India
Indian crypto exchange CoinDCX has raised 6.70 billion rupees (US$90 million) from investors to a total valuation above $1 billion, becoming the first crypto firm in the country to achieve unicorn status. Co-founder Neeraj Khandelwal discusses the implications of the achievement in the face of regulatory uncertainty relating to Indian officials' stance toward cryptocurrencies. Plus, highlights on the trends in Indian crypto markets.
