Interview: India needs to revisit taxation stance on crypto, says Sumit Gupta of CoinDCX

The cryptocurrency ecosystem in India is going through a churn. On one hand, investor interest in the asset class is rising, with smaller towns and cities also actively embracing it along with high-net-worth individuals, on the other hand, taxation on the asset has not gone down well with stakeholders. The recent budget too did not […]

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CoinDCX CEO clarifies India’s crypto tax regulations and their impact

Sumit Gupta, co-founder and CEO of Indian crypto exchange CoinDCX, recently spoke with crypto.news in an exclusive interview, discussing how India’s crypto tax policies have impacted the industry. The introduction of taxes for cryptocurrencies in the 2022 Union Budget was…

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Indian Crypto Exchange CoinDCX’s DeFi Arm Okto to Launch Blockchain and OKTO Token

Indian crypto exchange CoinDCX has expanded what started as the Okto wallet into an Okto ecosystem, which will include launching a blockchain and a token soon, and a points program starting Tuesday, to give global users a single-click mobile experience while traversing the Web3 space, its co-founders Neeraj Khandelwal and Sumit Gupta told CoinDesk in an interview.

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Ripple exec reiterates need for tech-neutral crypto regulations

Navin Gupta, managing director of South Asia, Middle East and North Africa (MENA) at Ripple, told Cointelegraph that education and introducing non-speculative use cases can help crypto companies navigate through varying regulations.

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Indian crypto exchange CoinDCX cuts staff amid bear market

CoinDCX, a top Indian cryptocurrency exchange, is slashing 12% of its staff as a prolonged bear market and the nation’s tax policies impact revenue. Founded in 2018 by Neeraj Khandelwal and Sumit Gupta, the Mumbai-based cryptocurrency exchange employs approximately 590…

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Lost keys have already cost billions of dollars, many more at risk — Polygon exec

Polygon’s Mudit Gupta said that despite moving fast in theoretical security, the crypto space is “so far behind” when it comes to practical security.

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Coinbase Senior Director Leaves Company to Start New Crypto Project

Coinspeaker Coinbase Senior Director Leaves Company to Start New Crypto Project Vishal Gupta ends his two-and-a-half-year stint at Coinbase as the proceeds to undertake a new crypto project, said sources.

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Trust is key to crypto exchange sustainability — CoinDCX CEO Sumit Gupta

With all eyes on crypto exchanges, rebuilding trust — through increased transparency, safety and effective policies — has become the top agenda for entrepreneurs worldwide.

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Tribal Groups in Remote Indian Area Get Blockchain Caste Certificates

Caste certificates, critical to India's targeted welfare schemes, in one district where tribals are 80% of the population, will be distributed today. The crypto project is the brainchild of Shubham Gupta, 28, an officer of the extremely-difficult-to-qualify-for Indian Administrative Services, who use to work in his father's shoe shop in a remote area of India as a 15 year old.

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Indian Crypto Exchanges Demand Reduction In Tax Deduction at Source (TDS)

CoinDCX Co-founder and CEO Sumit Gupta has once again demanded that the 1% Tax Deduction at Source (TDS) on crypto transactions introduced through the Union budget 2022-23 should be reduced. On Friday, he tweeted, “1% TDS is detrimental to the growth of the crypto industry.

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Wallet Firm Liminal Raises $4.7M From Elevation Capital, CoinDCX, Sandeep Nailwal and Others

Liminal was founded by Mahin Gupta, who had previously co-founded Zeb Pay, a prominent Indian crypto exchange.

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With a 'crypto winter' around the corner, investors should be wary of...

“How much lower is crypto going to go?” “Well, I think it's just the beginning of crypto winter, to be very honest.” In a recent interview with Bloomberg Technology, Kavita Gupta, foundeThe post With a 'crypto winter' around the corner, investors should be wary of... appeared first on AMBCrypto.

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DBS Will Focus on Institutional Crypto Before Looking at Retail Trading Desk

DBS’ Gupta said that institutional and accredited crypto is the bank’s focus for now, but doesn’t entirely rule out a retail crypto platform

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CoinDCX raises $135M in funding towards crypto and Web3 growth

CoinDCX CEO Sumit Gupta said the crypto exchange will use the funds to help…

The post CoinDCX raises $135M in funding towards crypto and Web3 growth appeared first on Coin Journal.

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Singapore’s DBS looks to bring crypto to the masses

Singapore’s largest bank by assets, DBS, intends to begin offering digital asset trading to its retail clients by the end of 2022, CEO Piyush Gupta said during the lender’s annual earnings webcast on February 14th.

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India’s First Crypto Unicorn: Interview with CoinDCX CEO Sumit Gupta

India, already home to 1.37 billion people (nearly 4x that of the United States), is one of the fastest-growing countries. India’s population demographic is much younger than that of China… The post India’s First Crypto Unicorn: Interview with CoinDCX CEO Sumit Gupta appeared first on CoinCentral.

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Coinbase Announces Hiring Plans, Aims To ‘Expand The Understanding Of Crypto’ To Over 1 Billion Indians

Leading US crypto exchange Coinbase has indicated that its India office plans are on track. The company is going to set up a tech hub in India. About two months after coinbase hired former Google Pay lead engineer Pankaj Gupta as VP Engineering and Site Lead, on July 2, Coinbase co-founder Brian Armstrong tweeted: “Coinbase […]

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Southeast Asia’s largest bank sees tenfold crypto trading volume growth in Q1

Trading volumes on DBS Digital Exchange, an institutional crypto trading platform launched by Singapore’s largest bank DBS in December, have increased tenfold over the last quarter, DBS CEO Piyush Gupta revealed in a media briefing.

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Singapore’s largest bank posts tenfold crypto volume growth in Q1 2021

DBS Bank CEO Piyush Gupta said the bank's exchange has scheduled a token offering for quarter two.

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Coinbase Appoints Google Pay’s Pankaj Guta as VP for India Operations

Leading US Crypto Exchange Coinbase has appointed Pankaj Gupta, Lead Google Pay Engineer for India and the Asia Pacific, as Vice President of Engineering and Site Lead for India. Pankaj who had sent a farewell note to his Google colleagues on April 15, 2021, announced his resignation on Twitter on April 21. The same day […]

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CoinDCX CEO pens open letter to India’s Finance Minister on crypto potential

Ahead of the 2020 Union Budget of India, arguably the most challenging of Prime Minister Narendra Modi’s government—Sumit Gupta, CEO and Co-Founder of CoinDCX, India’s largest cryptocurrency trading platform, and liquidity aggregator, has written an open letter to the Finance Minister of India, Nirmala Sitharaman, on the potential of India’s cryptocurrency sector to invigorate the […] CryptoNinjas: CoinDCX CEO pens open letter to India’s Finance Minister on crypto potential

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Cryptocurrency Staking: Reasons Why Crypto Staking is the New Favorite of Miners

Coinspeaker Cryptocurrency Staking: Reasons Why Crypto Staking is the New Favorite of MinersIn this guest post, Ankush Gupta, a growth entrepreneur and blockchain enthusiast, reasons why cryptocurrency staking can serve as a better alternative to cryptocurrency mining.

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Bitcoin Magazine’s Week in Review: Getting Creative With Blockchain Solutions

This week’s top stories include two feature interview: one with Kavita Gupta, founding managing partner at ConsenSys Ventures; and another with electronic dance music DJ Justin Blau (aka DJ 3BLAU) who is launching a decentralized music festival.

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ConsenSys Ventures Kavita Gupta Talks Tachyon and India

ConsenSys, the Ethereum production studio based in the U. S. , launched ConsenSys Ventures last year selecting Kavita Gupta to run two funds of $50 million and $100 million.

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