Blockchain & crypto news from India
India has recently declared its provisions for taxation on crypto assets. Within a month of Union Budget 2021-22, an intense comment on the digital currency has been made by the Reserve Bank of India (RBI) Deputy Governor – T Rabi Sankar. Sankar has advocated a complete ban on cryptocurrency in India, citing that it has no…
On Friday, Finance Minister Nirmala Sitharaman said that the government has sovereign right to tax profit made from crypto transactions and the decision on prohibiting or not prohibiting will be taken depending on the feedback from consultations. Responding to the general discussion on Union Budget, the finance minister said that she is not going to…
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…
The Centre may not table the much-awaited crypto regulation bill in the upcoming budget session of the Parliament, many new firms have reported currently. According to the reports, this is because there is a need to have more discussions on it and the government intends to build consensus over the provisions of the upcoming Bill….
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…
The retail giant of the United States, Walmart is the latest firm to step into the crypto bandwagon. Based on trademark documents the retail giant field in December 2021 with the US Patent and Trademark Office (USPTO), Walmart appears to be set out into the metaverse with schemes to develop its own collection of non-fungible…
It is often proven that tweets from Elon Musk affect the crypto world. The billionaire has tweeted about Dogecoin that Tesla merchandise is now buyable with the Dogecoin. This has sparked great speculation among Dogecoin fans. It was also incorporated as the payment option on the official website of Tesla. Also, the value of the…
Many celebrities including boxer Floyd Mayweather Jr, Kim Kardashian, ex NBA All-Star Paul Pierce are being charged over their roles in a so-called crypto scam. As per the class action compliant from the Central District of California, the firm EthereumMax including co-founders and others along with these celebs are being accused of making confusing statements…