Greece is set to introduce a 15% capital gains tax on cryptocurrencies. The Finance Ministry is drafting ...More

Greece is set to introduce a 15% capital gains tax on cryptocurrencies. The Finance Ministry is drafting a law for parliamentary submission. The first 500 euros of gains will be tax-exempt. This move aims to integrate crypto assets into the nation's tax code. The tax will not apply to individual crypto mining operations. ...Less

India is actively shaping its digital asset future. Authorities are implementing stricter rules for crypt ...More

India is actively shaping its digital asset future. Authorities are implementing stricter rules for crypto platforms and transactions. Tax collections are rising, and law enforcement is building capacity. Investor interest is shifting towards long-term allocation. New regulations are formalising real-world asset tokenisation. India is setting a global precedent in this evolving financial space. ...Less

BTC USD price prediction April 2026: Bitcoin is facing a tense stretch ahead of the April 15 IRS deadline ...More

BTC USD price prediction April 2026: Bitcoin is facing a tense stretch ahead of the April 15 IRS deadline, with up to $2.8 billion in tax-driven selling expected to hit the market. Weak sentiment, war uncertainty, and low futures activity are adding pressure. Analysts suggest conditions could shift once selling eases after the deadline passes. ...Less

Miloni Bhat, Editor of Digital broadcast at ET along with Anoush Bhasin, and Meyappan, uncovered and unwi ...More

Miloni Bhat, Editor of Digital broadcast at ET along with Anoush Bhasin, and Meyappan, uncovered and unwinded some crucial aspects of taxation and crypto in India. ...Less

How do India’s punitive new tax rules for cryptocurrency compare with those of other countries? Let’s fin ...More

How do India’s punitive new tax rules for cryptocurrency compare with those of other countries? Let’s find out. ...Less

The additional transaction tax of 1 per cent on all trades may discourage investors’ interest to trade as ...More

The additional transaction tax of 1 per cent on all trades may discourage investors’ interest to trade as it might make it costly and difficult for high-frequency traders and day traders to operate in the space, said Vikas Ahuja, CEO, CrossTower India. ...Less

Gifting of crypto tokens and virtual assets would be taxed at the hands of the recipient at the same rate ...More

Gifting of crypto tokens and virtual assets would be taxed at the hands of the recipient at the same rate. ...Less

Finance minister Nirmala Sitharaman will in all propose 39 changes to the Finance Bill, which will be tak ...More

Finance minister Nirmala Sitharaman will in all propose 39 changes to the Finance Bill, which will be taken up for consideration and passage in the Lok Sabha on Friday, an official privy to the development told ET. ...Less

Crypto taxation is a relatively new concept in India, with the Finance Act 2022 being one of the country' ...More

Crypto taxation is a relatively new concept in India, with the Finance Act 2022 being one of the country's first laws to recognize crypto assets. Virtual digital assets (VDAs) are subject to a flat income tax rate of 30 per cent on any profits made from their transfer. Any losses cannot be set off or carried forward. ...Less

Many a social media influencer was being paid heavily for peddling crypto in India and FOMO (fear of miss ...More

Many a social media influencer was being paid heavily for peddling crypto in India and FOMO (fear of missing out) was created that India would lose its tech jewels to other countries because they were ostensibly more friendly to "Web3", "DeFi", "NFTs-based metaverse" - a suite of technologies that nobody has been able to define so far, much less tell us about its use cases. ...Less

Some countries have adopted favourable tax policies towards cryptocurrencies, while others have implement ...More

Some countries have adopted favourable tax policies towards cryptocurrencies, while others have implemented strict regulations. In this article, we will examine the crypto tax policies of several nations and see how they handle this evolving asset class ...Less

Given the wide definition of VDA, there were concerns that these assets acquired through regular transact ...More

Given the wide definition of VDA, there were concerns that these assets acquired through regular transactions could be subject to crypto tax as they have traits of VDAs. ...Less

When crypto exchanges deduct 1% TDS, it will be recorded as “consideration” on their books, say tax exper ...More

When crypto exchanges deduct 1% TDS, it will be recorded as “consideration” on their books, say tax experts. This in turn would attract a 2% equalisation levy that is applicable on such a consideration. ...Less

The domestic exchanges collectively conducted the survey and included only those traders who were active ...More

The domestic exchanges collectively conducted the survey and included only those traders who were active from the beginning of the year till April 15. The survey aims to highlight the mood of crypto traders over higher taxation. ...Less

VDA transactions, including sales, are subject to a 30% capital gains tax in India. A capital loss in one ...More

VDA transactions, including sales, are subject to a 30% capital gains tax in India. A capital loss in one VDA can’t be offset against profit in another– essentially, you pay 30% capital gains on profitable assets of that financial year. Additionally, a 1% Tax Deducted at Source (TDS) is also charged on VDA sale/transfer between assets. These are deposited to your PAN number by compliant Indian exchanges which you can use to reduce your tax liability or get a refund via your ITR filing. ...Less

For a taxpayer, there are new schedules to be filled. Regular crypto traders with multiple transactions c ...More

For a taxpayer, there are new schedules to be filled. Regular crypto traders with multiple transactions could find it all a bit overwhelming, and hence it is advisable to take the help of a qualified tax adviser. There is no substitute for a professional tax expert. Nevertheless, a few things are worth keeping in mind. ...Less

An RBI circular barring banks from dealing with crypto assets and regulatory ambiguity had earlier forced ...More

An RBI circular barring banks from dealing with crypto assets and regulatory ambiguity had earlier forced many cryptocurrency firms to shift base to Dubai and Singapore. Now, a restrictive tax regime and policy flip-flops may make others follow suit. ...Less

The Income Tax department is training its officials to identify crypto assets during raids. Officers are ...More

The Income Tax department is training its officials to identify crypto assets during raids. Officers are learning to spot digital clues and physical items like pen drives. They will also look for wallet files and passphrases. Tax evaders who withhold crypto passwords may face imprisonment. The department is also seeking expert help due to developing digital asset technologies. ...Less

Budget 2022 provided the clarification regarding how virtual digital assets (VDAs) such as crypto, non-fu ...More

Budget 2022 provided the clarification regarding how virtual digital assets (VDAs) such as crypto, non-fungible tokens etc. will be taxed from April 1, 2022. However, there are certain taxation aspects related to VDAs that still needs clarification. Will Budget 2023 provide clarification on crypto tax wherever it is needed? Read on to know. ...Less

The finance ministry has been in talks about whether or not to exempt representations received for exempt ...More

The finance ministry has been in talks about whether or not to exempt representations received for exemptions. However, the government has clearly rejected the demands to eliminate 1% TDS on crypto transactions and lessen the 30% tax bracket on crypto income which was announced a few weeks ago. ...Less

With no clarity around crypto tax, Indian cryptocurrency exchanges may have to absorb this tax. ...More

With no clarity around crypto tax, Indian cryptocurrency exchanges may have to absorb this tax. ...Less

Binance-owned WazirX, India’s largest crypto bourse, has seen daily sign-ups on its platform jump almost ...More

Binance-owned WazirX, India’s largest crypto bourse, has seen daily sign-ups on its platform jump almost 30% since Feb. 1, when the government unveiled the levy on the transfer of digital assets in its annual budget, said co-founder Nischal Shetty. ...Less

Overseas cryptocurrency exchanges that have a customer base in India may have to pay additional tax in th ...More

Overseas cryptocurrency exchanges that have a customer base in India may have to pay additional tax in the form of goods and services tax (GST) as their services are covered under OIDAR rules. according to experts. ...Less

The steep tax rate on crypto could dissuade trades that have been soaring in India despite the central ba ...More

The steep tax rate on crypto could dissuade trades that have been soaring in India despite the central bank’s warnings about the risks of money laundering, terrorist financing and price volatility. ...Less

Firm to offer crypto tax and portfolio management service to enterprises as well as retail users ...More

Firm to offer crypto tax and portfolio management service to enterprises as well as retail users ...Less

Feel tax clarity big step towards legitimising asset class, will make fence sitters jump in ...More

Feel tax clarity big step towards legitimising asset class, will make fence sitters jump in ...Less

This implies that if you are holding cryptocurrencies, then income derived from such an investment will b ...More

This implies that if you are holding cryptocurrencies, then income derived from such an investment will be taxed at 30 percent. Any profits generated via the trade of cryptocurrencies would be taxed at 30%, including gifts and transfer of virtual assets from one wallet to another owned by different individuals. ...Less

Going ahead, social media giants such as Meta or dating apps like Gleeden or even gaming apps could face ...More

Going ahead, social media giants such as Meta or dating apps like Gleeden or even gaming apps could face a 1% tax deducted at source as these would be covered under the government’s broad definition of virtual digital assets. ...Less

As Union Budget 2025 approaches, key voices in India’s cryptocurrency and blockchain industry are calling ...More

As Union Budget 2025 approaches, key voices in India’s cryptocurrency and blockchain industry are calling for tax reforms to foster growth, innovation, and global competitiveness. Industry leaders recommend reducing the 1% TDS and 30% tax on digital assets, allowing loss offsets, and aligning crypto taxation with other asset classes to support India's Web3 and blockchain potential. ...Less

Bitcoin and other cryptocurrencies have become the de-facto currency on the Dark Web. ...More

Bitcoin and other cryptocurrencies have become the de-facto currency on the Dark Web. ...Less

Crypto investors in India are also trying to understand how tax will be applied in various real-world sit ...More

Crypto investors in India are also trying to understand how tax will be applied in various real-world situations. ...Less

One of the biggest myths is that only those transactions which result in investors receiving the INR in t ...More

One of the biggest myths is that only those transactions which result in investors receiving the INR in their bank account are taxable, which is not true ...Less

Through this partnership, investors and traders using Mudrex will gain access to ClearTax's comprehensive ...More

Through this partnership, investors and traders using Mudrex will gain access to ClearTax's comprehensive suite of tax reporting tools. ...Less

Crypto taxes explained: Cryptocurrency transactions, even simple swaps between digital assets, can trigge ...More

Crypto taxes explained: Cryptocurrency transactions, even simple swaps between digital assets, can trigger IRS taxes. Profits from selling crypto are considered capital gains and must be reported on your annual tax return. Holding periods significantly impact tax rates, with short-term gains taxed at ordinary income rates and long-term gains at lower percentages. ...Less

A CoinSwitch survey ahead of the Union Budget shows most Indian crypto investors want taxation aligned wi ...More

A CoinSwitch survey ahead of the Union Budget shows most Indian crypto investors want taxation aligned with stocks or mutual funds. While 61% favour equity-like tax treatment and 17% prefer a separate framework, 66% view the current regime as unfair, highlighting the need for rationalisation and clearer regulations. ...Less

In a series of tweets, Kamath compared 1 per cent TDS on all crypto trades to tax collected at source (TC ...More

In a series of tweets, Kamath compared 1 per cent TDS on all crypto trades to tax collected at source (TCS) of 0.1 per cent on Gold. "I assumed that the TDS is only on the gains," he said ...Less

Many individuals have claimed that they got paid in cryptocurrency after they did some work such as graph ...More

Many individuals have claimed that they got paid in cryptocurrency after they did some work such as graphic designing or advisory for clients based in the US or Singapore. The question is whether this is supply of services or an export, and what is the GST applicable on it. ...Less

With that, the taxation regime that will be effective from tomorrow for virtual digital assets (VDAs) was ...More

With that, the taxation regime that will be effective from tomorrow for virtual digital assets (VDAs) was proposed in this year's Union budget. In itself, this is a progressive move. However, the words 'information', 'code' and 'number' in the definition, and inclusion of items not generated via cryptographic means make the definition extremely broad-based. ...Less

Unlike the conventional financial markets of equities, crypto investors trade across 8-10 main crypto exc ...More

Unlike the conventional financial markets of equities, crypto investors trade across 8-10 main crypto exchanges that are registered in India, as well as 3-4 primary international exchanges. For those investors that rely on these registered exchanges in India (including a few international exchanges), they are their gatekeepers to access crypto assets. ...Less

Many tax experts seem to have raised questions about what would happen to the gains made by investors in ...More

Many tax experts seem to have raised questions about what would happen to the gains made by investors in the past year. That is, whether the announcement on tax will be retrospective. ...Less

Some believe tax a barrier to growth of ecosystem, others say it’s more help than hindrance ...More

Some believe tax a barrier to growth of ecosystem, others say it’s more help than hindrance ...Less

While this is a positive step towards the adoption of technology for the future, a flat 30 per cent tax w ...More

While this is a positive step towards the adoption of technology for the future, a flat 30 per cent tax without any loss offset is alarming to a lot of investors, said Aliasgar Merchant, Developer Relations Engineer of New York-based Tendermint. ...Less

The Income Tax Department is contacting people about crypto taxes. Many individuals did crypto transactio ...More

The Income Tax Department is contacting people about crypto taxes. Many individuals did crypto transactions but did not report the income. The department suspects tax evasion and money laundering. They are using data to guide taxpayers. People who mis-declared crypto income should file updated returns. The department is verifying returns with crypto exchange data. ...Less

On the regulation of the private cryptos and other virtual digital assets (VDAs), Sitharaman said that co ...More

On the regulation of the private cryptos and other virtual digital assets (VDAs), Sitharaman said that consultations are on and invited the industry players to contribute to it. ...Less

The Budget proposed a 30% tax on returns from digital currencies and a 1% Tax Deducted at Source (TDS) on ...More

The Budget proposed a 30% tax on returns from digital currencies and a 1% Tax Deducted at Source (TDS) on digital assets. The govt has not used the term "cryptocurrency" in the budget, but rather "virtual digital assets". This means there will not be any tax on crypto-based products, investors said. ...Less

If one is to believe the news, then people who are involved with crypto trading in any way, are actually ...More

If one is to believe the news, then people who are involved with crypto trading in any way, are actually happy with the announcement. ...Less

In today’s ETtech Morning Dispatch: Overseas cryptocurrency exchanges may face 18% GST in India, Prem Wat ...More

In today’s ETtech Morning Dispatch: Overseas cryptocurrency exchanges may face 18% GST in India, Prem Watsa-backed Digit in talks to raise funds at twice its previous valuation, and UPI breaks all records in June. ...Less

When selling cryptocurrency, only the cost of acquisition can be deducted from the selling price to calcu ...More

When selling cryptocurrency, only the cost of acquisition can be deducted from the selling price to calculate gains. Other expenses like mining expenses cannot be deducted. Additionally, each virtual digital asset (VDA) is considered a separate asset class so losses from one cannot be used to offset gains from another. Special tax rates of 30% apply to gains from VDA, and a basic exemption limit is not applicable. ...Less

The new tax reporting requirements for crypto brokers aim to improve accuracy, ensuring that crypto owner ...More

The new tax reporting requirements for crypto brokers aim to improve accuracy, ensuring that crypto owners pay the tax owed on digital asset transactions. The rules will help simplify reporting and may lead to additional IRS regulations for non-custodial brokers in the future. ...Less

The industry also urged the government to reconsider the decision to levy a tax of 30% on current market ...More

The industry also urged the government to reconsider the decision to levy a tax of 30% on current market value when crypto assets are gifted or given to employees as part of their remuneration, saying the tax is levied without waiting for the receiver to sell it and book any profit. ...Less

“India has high tax which is probably going to kill the industry,” Zhao said in livestreamed remarks duri ...More

“India has high tax which is probably going to kill the industry,” Zhao said in livestreamed remarks during panel at a fintech conference in Singapore on Thursday. ...Less

Crypto industry at large is positive on the announcement and believes that the governments across the wor ...More

Crypto industry at large is positive on the announcement and believes that the governments across the world are stepping ahead to take a big awaited call in the digital assets ...Less

Banning or not banning crypto assets will depend on the inputs given by consultants, Sitharaman said in t ...More

Banning or not banning crypto assets will depend on the inputs given by consultants, Sitharaman said in the upper house of Parliament ...Less

Employees who received cryptocurrencies or other digital assets such as NFTs from crypto exchanges as par ...More

Employees who received cryptocurrencies or other digital assets such as NFTs from crypto exchanges as part of their compensation package will face 30% tax on these as they will be defined as a "gift" under the new tax law and not salary or employee stock options (esops), say experts ...Less

Industry participants said NFTs were digital goods and not currency like crypto, so they needed to be tre ...More

Industry participants said NFTs were digital goods and not currency like crypto, so they needed to be treated separately for taxation purposes. ...Less

The change.org petition was started by Aditya Singh, Co-founder of CryptooIndia, and then amplified by po ...More

The change.org petition was started by Aditya Singh, Co-founder of CryptooIndia, and then amplified by popular social media influencers like Sandeep Bahuguna, Pushpendra Singh, and Kashif Raza. ...Less

eGaming cos for continuation of Rs 10,000 TDS threshold, while crypto cos want a reduction in 1% TDS. ...More

eGaming cos for continuation of Rs 10,000 TDS threshold, while crypto cos want a reduction in 1% TDS. ...Less

Tax experts are divided as to whether the returns from crypto assets must be categorised as capital gains ...More

Tax experts are divided as to whether the returns from crypto assets must be categorised as capital gains-what is applicable on assets such as equities or real estate - or business income. ...Less

However, the rules were not very clear until the Central Board of Direct Taxes (CBDT) issued clarificatio ...More

However, the rules were not very clear until the Central Board of Direct Taxes (CBDT) issued clarifications on various issues as the Finance Act 2022 inserted a new section 194S in the Act from the coming month. ...Less

The RBI has been crying itself hoarse over these issues for some time, and now favours an outright crypto ...More

The RBI has been crying itself hoarse over these issues for some time, and now favours an outright cryptocurrency ban over the most stringent regulation. The regulator initially forbade local banks from dealing with cryptocurrency exchanges in 2018. But its circular was struck down by the Supreme Court in 2020 on the grounds of ‘disproportionality’. ...Less

Indian crypto investors were a worried lot after the government announced a tax rate of 30% on the transf ...More

Indian crypto investors were a worried lot after the government announced a tax rate of 30% on the transfer of cryptocurrencies at a time when most of them have seen their portfolios slip into red due to the recent crypto meltdown. ...Less

Many Americans are getting larger tax refunds during the 2026 filing season as new tax cuts begin to take ...More

Many Americans are getting larger tax refunds during the 2026 filing season as new tax cuts begin to take effect. Early government data shows millions of returns have already been processed with higher average refunds. The changes mainly benefit workers earning tips, overtime, and seniors. However, cryptocurrency taxes remain unchanged, meaning digital asset investors still follow the same tax rules. ...Less

The new crypto tax law imposing a 30% tax rate on income from the transfer of virtual digital assets has ...More

The new crypto tax law imposing a 30% tax rate on income from the transfer of virtual digital assets has come into effect. The new tax regime of cryptocurrency will fall under section 285BA and sub section (k) of IT Act. Tax officials will keep a close eye on cryptocurrency exchanges. ...Less

Whatsapp was cofounded in 2009 by Jan Koum, a Ukrainian emigrant to the US. Koum was born in 1976 in Fast ...More

Whatsapp was cofounded in 2009 by Jan Koum, a Ukrainian emigrant to the US. Koum was born in 1976 in Fastiv, the city where Russia began its invasion in February. Facebook acquired WhatsApp for $19.3 billion in 2014. ...Less

While a crypto trader may never have the latitude his counterpart in the share market enjoys, tax authori ...More

While a crypto trader may never have the latitude his counterpart in the share market enjoys, tax authorities will examine the possibility of making changes in the Finance Bill to allow a degree of set off of losses, according to recent discussions between senior tax officials and tax practitioners. ...Less

BharatPe cofounder Ashneer Grover is in talks with investors to sell his 9.5% stake in the $2.8-billion s ...More

BharatPe cofounder Ashneer Grover is in talks with investors to sell his 9.5% stake in the $2.8-billion startup. But will he be able to exit before the final audit report is in? ...Less

"The department does not sit in judgement over the legality of any transaction. The income-tax department ...More

"The department does not sit in judgement over the legality of any transaction. The income-tax department and the income-tax Act only looks at whether the transactions that you have entered into are resulting in income. We are not into legality of any income but we are into the taxing of that income." ...Less

This price drop comes as the global financial markets have entered bear market territory for the first ti ...More

This price drop comes as the global financial markets have entered bear market territory for the first time since early 2020. There are many contributing factors to the decline in the Bitcoin price. ...Less

IRS crypto tax reporting rules: The IRS is reminding taxpayers to report all cryptocurrency and NFT incom ...More

IRS crypto tax reporting rules: The IRS is reminding taxpayers to report all cryptocurrency and NFT income on their 2025 federal tax returns. Digital assets are classified as property, and any transactions involving them, including Bitcoin, stablecoins, and NFTs, are taxable. Maintaining detailed records of transactions and calculating capital gains or losses is crucial for compliance. ...Less

Companies currently have to disclose any holdings or dealings in cryptocurrencies or crypto assets in the ...More

Companies currently have to disclose any holdings or dealings in cryptocurrencies or crypto assets in their filings with the Registrar of Companies (RoC). ...Less

Industry heads in the crypto space themselves are hoping for some kind of government intervention that wi ...More

Industry heads in the crypto space themselves are hoping for some kind of government intervention that will allow them to function more freely. It’s not difficult to predict that we will begin to see some kind of regulations coming to crypto sooner rather than later. ...Less

GST officers are of the view that cryptos, by nature, are similar to lottery, casinos, betting, gambling, ...More

GST officers are of the view that cryptos, by nature, are similar to lottery, casinos, betting, gambling, horse racing, which have 28 per cent of GST on the entire value. Besides, GST at 3 per cent is levied on the entire transaction value in case of gold. ...Less

The budget proposed a 30% tax on returns from digital currencies and a 1% Tax Deducted at Source (TDS) on ...More

The budget proposed a 30% tax on returns from digital currencies and a 1% Tax Deducted at Source (TDS) on digital assets. ...Less

Broad definition of ‘virtual digital assets’ could cover digital assets of multinationals ...More

Broad definition of ‘virtual digital assets’ could cover digital assets of multinationals ...Less

The Indian government is planning to compartmentalise virtual currencies and their tax treatment on the b ...More

The Indian government is planning to compartmentalise virtual currencies and their tax treatment on the basis of their use case — payments, investment, or utility. ...Less

A bench of justices Surya Kant and KV Viswanathan was told by Additional Solicitor General Vikramjit Bane ...More

A bench of justices Surya Kant and KV Viswanathan was told by Additional Solicitor General Vikramjit Banerjee, appearing for the Centre, that the issues related to the digital currency are continuously evolving and the government is deliberating on the mechanism to regulate the cryptocurrencies. ...Less

Crypto enthusiasts look for pro-industry laws in the US following Trump's support, while India remains ca ...More

Crypto enthusiasts look for pro-industry laws in the US following Trump's support, while India remains cautious with high taxes on crypto gains. Policymakers in India prefer waiting for developed nations' direction due to the asset’s cross-border nature. The focus remains on protecting investors from scams. Asset tokenisation initiatives for real-time settlements may begin next year. ...Less

The new tax rules require crypto investors to pay tax at 30% (the highest tax bracket) on profits from th ...More

The new tax rules require crypto investors to pay tax at 30% (the highest tax bracket) on profits from the sale of crypto and NFTs. ...Less

The Indian government has been very careful not to legitimise crypto trading. It says that they are taxin ...More

The Indian government has been very careful not to legitimise crypto trading. It says that they are taxing crypto because people are profiting from it. ...Less

Volatility spells good news for hedge funds and outlook has renewed interest in struggling strategy. ...More

Volatility spells good news for hedge funds and outlook has renewed interest in struggling strategy. ...Less

The Finance Bill 2022, which includes the new taxes on crypto assets, was passed in the Lok Sabha this ev ...More

The Finance Bill 2022, which includes the new taxes on crypto assets, was passed in the Lok Sabha this evening. ...Less

The government was set to introduce the proposals – part of the Finance Bill – in the Lok Sabha on Thursd ...More

The government was set to introduce the proposals – part of the Finance Bill – in the Lok Sabha on Thursday evening. ...Less

Sources tell us the government may fine tune the tax rules and also widen the definition of “virtual digi ...More

Sources tell us the government may fine tune the tax rules and also widen the definition of “virtual digital asset” to account for rapid changes in this ever-evolving space. ...Less

KoinX will use the fresh funds to scale its operations. It aims to reach over five lakh investors by Q2. ...More

KoinX will use the fresh funds to scale its operations. It aims to reach over five lakh investors by Q2. ...Less

In the light of recent developments at home and across the globe, there are voices that India is poised t ...More

In the light of recent developments at home and across the globe, there are voices that India is poised to emerge as a global hub for crypto players and enterprises ...Less

The government implemented 30 per cent flat taxation in gains from the sale of crypto assets from April 1 ...More

The government implemented 30 per cent flat taxation in gains from the sale of crypto assets from April 1, 2022, and levied one per cent TDS on all crypto transactions since July 1, 2022.Market participants believe that despite a panic among the crypto investors, the froth has settled ...Less

The DEA, Revenue Department and the Reserve Bank are working to ensure that the taxation aspect is clear ...More

The DEA, Revenue Department and the Reserve Bank are working to ensure that the taxation aspect is clear both for field tax offices as well as those who deal with cryptocurrencies and other virtual digital assets. ...Less

“Norms are being worked out… These will be issued soon,” a government official said. ET had earlier repor ...More

“Norms are being worked out… These will be issued soon,” a government official said. ET had earlier reported that credit card rewards points and e-vouchers will not be considered VDAs. The clarification is expected to clearly outline the principles for determining the cost of acquisition of VDAs. ...Less

GoI and RBI fear cryptocurrency as a ‘clear danger’ that could cause macro instability and dollarization. ...More

GoI and RBI fear cryptocurrency as a ‘clear danger’ that could cause macro instability and dollarization. But it very well may be a lifeboat in the new world order. Cryptos, being borderless, permitless and immutable, are a tool to navigate parallel economies and deal with sanctions. The US govt itself has a substantial stockpile of crypto. ...Less

India tops global crypto adoption for the third year, but investors demand clarity. A Mudrex survey shows ...More

India tops global crypto adoption for the third year, but investors demand clarity. A Mudrex survey shows 93% want regulations, 84% call current taxes unfair, and 91% consider crypto policy key to voting decisions. ...Less

With less than a month to go before FM Nirmala Sitharaman unveils the Union Budget, a grouping of tech fi ...More

With less than a month to go before FM Nirmala Sitharaman unveils the Union Budget, a grouping of tech firms that includes all the major crypto companies has urged her to spell out rules for taxing crypto-assets, and to formally name them in tax laws. ...Less

Top crypto players are taking up the demand with the ministry through the Blockchain and Crypto Assets Co ...More

Top crypto players are taking up the demand with the ministry through the Blockchain and Crypto Assets Council (BACC), which is part of the Internet and Mobile Association of India, and startup industry body IndiaTech. ...Less

Blockchain and Crypto Assets Council wants the government to clarify which party in a crypto transaction— ...More

Blockchain and Crypto Assets Council wants the government to clarify which party in a crypto transaction—the crypto-exchange, the crypto-broker, or the buyer—was responsible for paying consideration for the transfer of VDA to an Indian resident. ...Less

In the letter, IndiaTech has appealed to the government to tweak existing tax laws to include crypto asse ...More

In the letter, IndiaTech has appealed to the government to tweak existing tax laws to include crypto assets, and sought clarity on the method of taxation and their disclosures. ...Less

The government has smartly sidestepped on the legality of cryptocurrencies while showing its disinclinati ...More

The government has smartly sidestepped on the legality of cryptocurrencies while showing its disinclination to support these, by levying a huge tax burden on those making money from such virtual digital assets, as the Finance Bill has tried to define it. ...Less

Market players believe that these stringent and ultra-strict rules will add more speed breakers to the al ...More

Market players believe that these stringent and ultra-strict rules will add more speed breakers to the already bumpy ride of the crypto industry. ...Less

The finance bill is scheduled to be taken up in the lower house for discussion and consideration on Thurs ...More

The finance bill is scheduled to be taken up in the lower house for discussion and consideration on Thursday. It would be likely taken up for passage on Friday. ...Less

Whichever way the crypto regulations go, principles of DeFi have been considered in India, and as far as ...More

Whichever way the crypto regulations go, principles of DeFi have been considered in India, and as far as the tax rate is concerned on digital assets, it is expected to drop, leading to more flourishing transactions. Finally, cryptocurrency at present are investor’s risk but certainly the nation’s gain. ...Less

"The regulatory approach on crypto trading has helped contain the contagion in India," said U.K. Sinha. ...More

"The regulatory approach on crypto trading has helped contain the contagion in India," said U.K. Sinha. ...Less