Blockchain & crypto news from India
Since the legal status of cryptocurrencies was on the grey side for so long, but finally, the Indian government came up with a solution to regulate cryptocurrencies and NFTs. India taxes crypto In the union budget 2022-2023, the Indian government covers cryptocurrency and NFTs under the “Virtual Digital Assets” umbrella. The government solved the tax-related…
On 1st February, while announcing the Budget 2022, Finance Minister Nirmala Sitharaman announced something unexpected. Sitharaman said income from the virtual or digital assets (cryptocurrency) will be taxed at @30%. In addition, @1% TDS (tax deducted at source) will also be levied by the government on these investments. The 30% taxation is retributive tax, harshly…
Cryptocurrency, blockchain, and decentralized technology are all appealing topics that have been heating up for almost ten years. Nowadays, everyone intends to be a part of the latest innovations. On Thursday, Google Cloud’s vice president of Financial Services, Yolande Piazza said that the company has set up a Google Cloud Assets Team that will aid…
Cryptocurrencies have grown substantially over the last decade. This growth has buzzed up a lot of different questions. One of them is about the difference between crypto coins and tokens. So, in this article, we will differentiate between both of them. What are crypto coins and tokens? A crypto coin is the electronic version of…
For the 61 winners of the Pradhan Mantri Rashtriya Bal Pursaskar (PMRBP) 2021 and 2022, the award was special in ways more than one, as they received digital certificates that use blockchain-driven technology created by IIT Kanpur under the National Blockchain Project. Abhay Karandikar, Director of IIT Kanpur said on Tuesday that in a first,…
Torus Kling Blockchain IFSC, a joint venture between financial management firm Kling Trading India and Cosmea Financial Holdings, is ready to launch Asia’s first cryptocurrency ETF, which will probably be in the crypto market of India by March 2022 in GIFT (Gujarat International Finance Tech) city. Both of these firms have linked a Memorandum of…
On Monday, PM Narendra Modi called for synchronized and collective action related to policymaking for blockchain-backed digital currencies. Speaking at the World Economic Forum’s Davos Agenda 2022 virtual event, the PM noted that besides the change for global order, the challenges are also surging, including inflation, supply-chain disruption, climate change and crypto. He said that…
Heavy Investor Bill Miller says that cryptocurrencies other than BTC will not give him high returns as Bitcoin is going to give… Why?
Cryptos have been a hot topic lately. But there is a huge awareness gap about this space that requires to be bridged. The Crypto World Expo is expected to do that. It is a recurrent event for today’s crypto and blockchain community. Its 5th summit is going to take place in March 2022 in Poland,…
Super app CyrptoWire has introduced IC15, the first crypto index of India. On Monday, the firm said that IC15 will track the liquidity and market capitalization of the top 15 global digital currencies. It added that the IC15 is a rule-based broad market index by market capitalization that computes the performance of 15 extensively traded…