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REGULATORY FRAMEWORK FOR VDAS
No law bans withdrawal of cryptocurrency: BinanceIndian crypto exchanges are blocking user withdrawals fearing misuse for money laundering. Global exchange Binance, however, permits free w...
ED attaches Rs 4,190 cr in crypto cases, declares one accused as fugitive economic offenderThe Enforcement Directorate has seized over Rs 4,189 crore in crypto-related cases. One individual has been declared a Fugitive Economic Of...
From global agreements to local action: India’s opportunity to lead the way in VDA governanceIndia is at the forefront of the Virtual Digital Asset (VDA) revolution but lacks formal regulatory dialogue in Parliament. While global po...
Regulate to Lead: How India can lead the global Web3 race?As global powers establish clear digital asset regulations, India must act decisively. With strong Web3 talent and startup growth, the coun...
India can achieve responsible cryptoasset development with self-regulationIndia's crypto sector sees regulation with tax laws and anti-money laundering measures. G20 Presidency promotes stablecoins and financial s...
Budget 2024: What is needed to boost the crypto market in India?The crypto community anticipates Union Budget reforms including a 0.01% TDS rate, Rs 5,00,000 threshold, loss offsetting, and aligning cryp...
Union Budget 2024: Crypto community's wishlistKey industry requests for the VDA tax regime include reducing the TDS rate under Section 194S to 0.01% from the current 1% to boost liquidi...
India’s crypto regulations can do with a HODL strategyAs the global crypto asset market progresses, India finds itself at a pivotal juncture. There’s an opportunity to chart a course that delic...
For crypto players, interim budget falls short on regulatory, tax issuesDuring the Union budget, finance minister Nirmala Sitharaman did not provide any clarity for the crypto world regarding regulations. This w...
TDS at 1% pushing crypto investors to grey market: Will Budget 2024 reconsider it?TDS rate on crypto: in Budget 2022, the government brought out rules on how capital gains from different virtual digital assets such as cry...
What Indian crypto industry is hoping for from Budget 2024? Here's the wishlistAs the Indian crypto industry eagerly awaits the Interim Budget 2024, experts are focused on how the Central Government will shape regulati...
India's crypto taxation framework: How does it fare globally?While India has made significant steps to standardise taxation, a high rate of TDS has caused a flight of volumes and users to platforms in...
Information asymmetry can lead to big losses for crypto investorsA big risk for users in any marketplace is information asymmetry. It could often lead to losses for the users either squarely because of fr...
IMF-FSB synthesis paper unveils crucial policy recommendations for VDA stabilityWhile the paper outlines a comprehensive regulatory framework, it also cautions against blanket bans on all VDAs activities. Such bans, the...
G20 Summit: Achieving PM’s vision of comprehensive global framework for crypto regulationThe Financial Action Task Force has already made significant strides in this regard. We have been voluntarily following the best practices ...
Indian VDA investors face risks amidst shift to P2P PlatformsIndia's Virtual Digital Assets (VDA) market requires strong regulatory frameworks to balance investor protection with innovation. Currently...
EU MiCA and its takeaways for VDA regulations in IndiaIn April 2023, the European Union passed the Markets in Crypto Assets (MiCA) Legislation, providing a framework for regulating cryptocurren...
Progressive regulations and taxation around crypto can boost economyCryptocurrencies are a type of digital asset that are not backed by any government or central bank. They are created through a process call...
High taxes pushing investors out of crypto space? Well that's just tip of the icebergThe government implemented 30 per cent flat taxation in gains from the sale of crypto assets from April 1, 2022, and levied one per cent TD...
Crypto players seek clarity from Parliament SessionEven the Supreme Court of India had recently asked the Centre to make its stand clear on whether cryptocurrency trade or virtual digital cu...