Sun, February 2

Crypto Taxation in 2025: Navigating Complex Tax Laws for Digital Assets

Crypto Taxation is known to hold an element of obscurity from both taxpayers’ and national governments’ perspectives. This obscurity arises due to the lack of a definite approach to the process. The past year saw multitudes of nations navigating the sphere and producing Taxation laws as part of regulating the

January 31, 2025 6 mins read

India Must Act Quickly on Crypto Regulations, Says CoinDCX CEO Sumit Gupta

India Should Act on Crypto Regulations Donald Trump is expected to announce new crypto rules soon. Sumit Gupta, CEO of CoinDCX, believes India must act quickly too. He warns that delays could cause India to lose innovation, talent, and value from crypto transactions. Gupta said high taxes and unclear policies

January 20, 2025 2 mins read

Indian Railways Leverages Blockchain Based NFT Train Tickets for MahaKumbh Mela

Indian Railways is offering NFT-based train tickets to the visitors of MahaKumbh Mela 2025 in association with Chaincode Consulting. Minted on the Polygon blockchain, these tickets bring the travel experience to life for millions who attend the most important Hindu pilgrimages. The MahaKumbh Mela, which takes place every 144 years

January 13, 2025 2 mins read

What India’s Finance Ministry Thinks About DeFi and Its Risks?

As many countries, including the United States, show growing support for cryptocurrency, India’s Ministry of Finance recently discussed its views on Decentralized Finance (DeFi), highlighting both its promise and the challenges it poses. In response to a question in the Rajya Sabha, Pankaj Chaudhary, Minister of State for Finance, acknowledged

December 25, 2024 2 mins read

India’s ₹6,000 Cr Crypto Tax Loss

India is losing significant revenue due to its current crypto taxes policies, as revealed in a report by the Esya Centre. The country missed out on ₹6,000 crore in taxes as crypto traders moved to foreign platforms. If the policies remain unchanged, India could lose an additional ₹17,700 crore over

December 24, 2024 2 mins read

Indian Government Debates a Crypto Ban to Emphasize CBDC

The cryptocurrency sector faces regulatory discrimination on a daily basis and combating them isn’t a novelty. However, certain huge shifts may take us by surprise at first sight. For instance, in July, the US SEC’s approval of the spot ETH ETFs was entirely unexpected until a week before the approval. 

October 23, 2024 2 mins read

Delhi High Court Seeks Clarification from ED and FIU on WazirX Hack

A Singapore court recently granted a four-month moratorium to Indian crypto exchange WazirX, giving the company time to restructure its operations without facing legal challenges. Meanwhile, on October 18, the Delhi High Court heard a petition from investor Jaivir Bains, who urged action against WazirX for merging funds after a

October 18, 2024 1 min read

RBI Governor of India Shaktikanta Das Backs CBDC

Shaktikanta Das, governor of India’s Reserve Bank (RBI), has emphasized the potential usefulness of the country’s digital rupee and restated his support for Central Bank Digital Currency (CBDC). Further, he reiterated his prior position on digital assets by praising the innovation and suggesting it may be used to circumvent certain

October 14, 2024 2 mins read

Binance Assists India ED in Exposing $48M Fiewin Scam

The Indian Enforcement Directorate (ED) has arrested four individuals in connection with a massive $47.6 million scam involving the Fiewin app. It lured users into online gambling and gaming with deceptive promises. Binance’s Financial Intelligence Unit (FIU) played a crucial role in tracing the funds associated with this fraudulent network.

September 25, 2024 2 mins read

FATF Calls for Enhanced Regulation of Virtual Assets in India

A joint assessment by regional bodies, including the Financial Action Task Force (FATF), has urged India to enhance its regulation of virtual assets. The FATF’s recent report on India’s efforts to combat money laundering and terrorist financing reveals significant risks associated with domestic illegal activities, primarily fraud, cyber fraud, corruption,

September 21, 2024 2 mins read
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