Blockchain & crypto news from India
In the last decade, we have experienced major growth in the crypto space around the world. According to the website CoinGecko, the valuation of cryptocurrencies surpassed $3 trillion as of November 9, 2021. Bitcoin – by far the biggest cryptocurrency grew more than a third of that, while the next biggest coin Ethereum, got up…
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…
The Indian Government, as expected, is not looking to completely ban the use of cryptocurrencies in India. Extending on our previous post on the highly anticipated cryptocurrency bill, new information suggests that the Indian Government is looking to regulate cryptocurrencies as assets. According to a cabinet note, as seen by a media channel, all Indians…