2024-12-4 16:40 |
India has recovered $14 million in goods and services tax from crypto firms like WazirX, but Binance has yet to pay its $85 million tax evasion liabilities, the minister said.
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A grave setback engulfed India's cryptocurrency market last week when the country's government introduced a 30% tax on digital asset income. While some have heralded it as a step towards the legitimizThe post India: Here's what's next for crypto-exchanges after new tax slab news appeared first on AMBCrypto.
2022-2-7 17:30 | |
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India has included a crypto tax in its Union Budget 2022. The cryptocurrency market in India remains highly unregulated. However, this tax will now introduce some form of clarity in the Indian cryptocurrency market.
2022-2-3 10:34 | |
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Coinspeaker India to Launch CBDC by 2022-2023, Proposes 30% Tax on Crypto Income Having made this declaration on the digitized rendition of the Indian rupee, India's first Woman Finance Minister also offered the implementation of a thirty percent tax on crypto that focuses on the exchange and trade of virtual digital assets.
2022-2-2 16:33 | |
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A local media report has confirmed that major cryptocurrency service providers are under investigation in India on suspicion of possible tax evasion. [embed]https://twitter.com/ANI/status/147718695The post India: Dull New Year for crypto as platforms to face raids over alleged tax evasion appeared first on AMBCrypto.
2022-1-1 13:30 | |
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The Indian government is likely to levy both direct and indirect taxes on crypto assets, as per a local report. A source to the media outlet noted, "One of the key issues is taxation. If there is gaiThe post India: both Income tax and GST may apply to crypto appeared first on AMBCrypto.
2021-11-9 16:30 | |
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Cryptocurrency trading in India might soon be subject to a tax structure. The country's finance ministry is reportedly forming a committee to examine how income generated through crypto-trading activiThe post India: Panel to study the question of taxing cryptocurrency trading incomes appeared first on AMBCrypto.
2021-9-23 19:00 | |
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Indian entrepreneurs believe crypto tax laws are foundational to mainstream crypto acceptance by governments.
2021-9-14 15:18 | |
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India may not be charging a 2% equalization levy on crypto investors. Finance Minister of India, Nirmala Sitharaman was responding to a query by the deputy chief minister of the eastern state of BiharThe post Indian crypto investors may not be charged this tax appeared first on AMBCrypto.
2021-7-28 15:30 | |
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The Indian government might require foreign crypto exchanges to shell out an additional 18% tax on transactions with Indian citizens. The post India Looking to Implement Additional 18% Tax on Foreign Crypto Exchanges appeared first on BeInCrypto.
2021-7-3 12:46 | |
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Foreign cryptocurrency exchanges and bitcoin (BTC) trading venues in India may soon be required to start paying 18 percent goods and services tax (GST), according to an Economic Times report on July 2, 2021.
2021-7-3 22:00 | |
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Exchanges with Indian customers may have to pay an 18 percent tax
2021-7-2 08:28 | |
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Indian investors looking to buy Bitcoin (BTC/USD) and other cryptocurrencies might have to pay about 2% more if they bought them from exchanges outside India. This is due to an impending equalisation levy, an additional tax imposed on such investments and trades.
2021-6-23 22:20 | |
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India introduced equalization levy in 2016 intending to tax digital transactions- the income accruing to foreign e-commerce companies from India. Although it aimed to tax business-to-business transactThe post This could make buying Bitcoin and other cryptocurrencies more expensive for Indians appeared first on AMBCrypto.
2021-6-22 14:00 | |
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Vitalik Buterin, the Russian-Canadian founder of Ethereum and vocal proponent of a wealth tax, donated Ethereum and “meme coins” worth over $1billion to India’s Crypto Covid Relief Fund and a range of other charities.
2021-5-13 14:20 | |
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An official from India’s ministry of finance said Monday that all gains from trading cryptocurrencies like Bitcoin were liable to income tax, as per a report on markets outlet Financial Express. The post Despite no laws, Indian minister says traders must pay taxes on Bitcoin appeared first on CryptoSlate.
2021-3-31 22:00 | |
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Despite little progress on crypto regulations, India’s government might impose a Bitcoin tax law as part of efforts to boost national income. Crypto taxation is becoming more frequent among several countries around the world as virtual currencies continue to gain broad-based popularity.
2020-12-30 22:00 | |
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Less than a year ago, India’s Supreme Court decided to overrule the central bank’s decision to forbid all other banks in the country to serve crypto businesses. With this rule revoked, the country’s crypto industry began to flourish, which led the government to the idea of introducing crypto taxes.
2020-12-29 14:56 | |
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The move is viewed by some as a sign the Indian government is warming up to cryptocurrencies.
2020-12-29 13:41 | |
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The Indian Government has moved towards potentially implementing a tax of 18% on Bitcoin trading in the country. According to reports, the central government is currently weighing a proposal to impThe post India considers proposal to tax Bitcoin transactions at 18% appeared first on AMBCrypto.
2020-12-29 09:30 | |
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According to The Economic Times, India’s income tax authority is monitoring crypto investors and traders to demand income tax from them. This was reported by sources close to the government. The country’s tax department monitored cryptocurrency transactions that were conducted using bank accounts.
2020-12-6 20:11 | |
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The country's income tax authority is tracking investors making money amid the ongoing bitcoin price rally and is all set to demand taxes, two sources familiar with the matter told The Economic Times.
2020-12-6 18:07 | |
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The Indian Ministry of Finance has reportedly proposed an amnesty program for citizens holding unreported gold. The government plans to ask people to declare all their gold stashes to tax authorities and pay levies.
2020-8-2 19:30 | |
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India’s Supreme Court has reversed earlier RBI guidelines that barred financial institutions from trading, now Indian crypto exchanges are seeking clarity on their legal status India’s crypto exchanges have asked the Reserve Bank of India (RBI) to offer clarity on their legal status in the country.
2020-5-6 16:05 | |
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India’s crypto exchanges are demanding that the country’s central bank provide clear guidelines regarding taxation.
2020-5-5 12:21 | |
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In this roundup, we cover an exceptionally busy week for crypto regulations around the globe. We start our coverage with the U.S. Virtual Currency Tax Fairness Act of 2020, actions by the SEC, Ripple’s lawsuit, India’s supreme court hearings, Australia green-lighting a bitcoin retail fund, Thailand approving a new crypto exchange, and new crypto guidelines […] The post Regulatory Roundup: New US Crypto Tax Bill, Central Banks Join Forces on Digital Currencies appeared first on Bitcoin News.
2020-1-23 07:55 | |
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In this roundup, we cover several crypto-related actions by the U. S. Securities and Exchange Commission (SEC) and the New York regulator’s crypto job posting. We also cover new Chinese laws, South Korea’s tax clarification, India’s blockchain education, the IMF working with the Philippines’ central bank, as well as crypto regulatory developments in Turkey and Qatar.
2020-1-7 17:00 | |
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In this roundup, we cover several crypto-related actions by the U. S. Securities and Exchange Commission (SEC) and the New York regulator’s crypto job posting. We also cover new Chinese laws, South Korea’s tax clarification, India’s blockchain education, the IMF working with the Philippines’ central bank, as well as crypto regulatory developments in Turkey and Qatar.
2020-1-7 17:00 | |
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We got a copy of the Indian tax authority’s secret training manual for cryptocurrencies
2019-12-18 09:36 | |
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In this regulatory roundup, we cover the U. S. SEC approving a bitcoin futures fund, the new IRS tax form targeting crypto owners, and several more steps taken by the U. S. government toward crypto regulation.
2019-12-9 16:35 | |
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News. Bitcoin. com has initiated a regular roundup of cryptocurrency regulatory developments around the world. For the first edition, we cover six U. S. regulators and India’s decisions on the supreme court hearing and crypto bill.
2019-11-26 21:00 | |
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A new authority joins the investigative search on Quadriga CX, bankrupt digital asset exchange that lost over $190 million USD of customer’s funds. Ever since the Quadriga CX case broke out, whereby the Canadian digital asset exchange CEO, Gerald Cotton, reportedly died in India taking to the grave the private keys of users’ funds, a […]
2019-9-17 17:18 | |
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Canada’s Revenue Agency is now looking into the corporate tax returns submitted by QuadrigaCX, the troubled cryptocurrency which collapsed earlier this year, taking approximately $134 million of users’ funds with it.
2019-9-17 14:35 | |
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As the Indian government deliberates on the country’s crypto policy, the tax authority continues to send out letters with lengthy, probing questions to crypto owners. News. Bitcoin. com talked to industry experts to find out the implications of these letters, what people can do when receiving them, and how crypto assets are taxed in India.
2019-8-7 09:35 | |
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There is no doubt that India is among the most disoriented country when it comes to bitcoin regulations. When the Reserve Bank of India merely withdrew banking access to entities dealing in cryptocurrencies, the general public opinion misinterpreted it as an outright crypto ban.
2019-3-25 16:39 | |
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The Supreme Court of India made a decision on February 25, 2019, to present the government with an ultimatum: Develop crypto regulations within the next four weeks or the court will make its own judgement.
2019-2-26 22:02 | |
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Cryptocurrency payroll service Bitwage has partnered with Texas-based payroll and Human Relations firm Simply Efficient HR to help companies fund W2 Employees and payroll tax payments using crypto.
2019-1-16 05:22 | |
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Despite Bitcoin’s plummet to $6,600 (at time of writing), world governments and emerging economies remain invested in the idea of a blockchain-powered ecosystem supplemented with a decentralized currency framework.
2018-8-28 23:00 | |
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Some $3.2 billion worth of Bitcoin has been lost in India due to corruption and criminal activities, among them tax evasion and an alleged kidnapping.
2018-8-10 11:25 | |
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India’s economy has come close to doubling down on the legalization and regulation of cryptocurrencies because of an unlikely source: gambling. In 2017, the Law Commission of India has decided that it is impossible to ban illegal gambling within its borders outright.
2018-7-26 18:00 | |
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According to a recent statement by a high-ranking official, the long-awaited regulations are on the way. Indian authorities have been sending mixed signals about the future of cryptocurrencies, along with issuing warnings and applying restrictive administrative measures.
2018-6-26 05:23 | |
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More than $9.4 billion worth of Bitcoin was owed to about 127,000 Mt. Gox creditors for over 10 years.
The trustee overseeing Mt. Gox assets has extended the deadline for creditors’ restitution to October 2025 as over 44,900 BTC remains unpaid.
The trading platform highlighted that investors can deposit and withdraw UAE dirhams using their local bank accounts.
Crypto.com partners with Standard Chartered Bank to provide fiat currency services in over 90 countries, starting in the UAE.
Repeated Bitcoin transfers to centralized exchanges suggest the government plans to sell its $2.75 billion in BTC holdings.