Most VPN providers offer a “no logs policy.” The new guidelines will take effect at the end of June. As a result of the new rules, VPN service providers and crypto exchanges in India would be required to gather and preserve extensive data on their clients for five years. Furthermore,
Being one of the world’s largest crypto users in the country, India has a lot to play with the entire crypto industry. The prominent role India plays decides and ought to impact the entire crypto and blockchain ecosystem. In such terms, whatsoever, decision’s the nation takes in regards with cryptocurrency
Sameer Mhatre, WazirX’s co-founder and CTO would continue to operate in India. The organization’s employees are scattered over more than 70 distinct locations. WazirX, India’s biggest cryptocurrency exchange, has allegedly moved its headquarters to Dubai. Founders Nischal Shetty and Siddharth Menon, CEO of WazirX, are said to have relocated their
As a result of the COVID-19 epidemic, India’s digital adoption rate increased. Reserve Bank of India (RBI) is working on introducing India’s own digital currency. Historically, India has had a rocky relationship with digital assets, particularly cryptocurrencies. However, the Supreme Court overturned a prohibition on cryptocurrency transactions in March 2020,
Taxes on earnings from the transfer of virtual assets will be taxed from this month. At least four other cryptocurrency trading sites have prohibited rupee deposits. An underlying question between crypto exchanges and the National Payments Corporation of India, which handles the United Payments Interface (UPI), has led to a
TDS will begin on July 1, a month after crypto taxes came into effect, April 1. Unocoin’s CEO and co-founder stated the new tax legislation is affecting the industry. A capital gain tax of 30 percent on crypto transactions was applied to citizens of India after Parliament enacted a tax
Here is an interesting and exciting announcement for all the millions of crypto users chilling in India. With an overall population of more than 1.4 billion in India, we can clearly observe the rise of the users, investors, fans and followers of the trending crypto space. Recently, the Indian crypto
In recent months, being into the crypto industry we can clearly observe that India is becoming one of the booming spaces for cryptocurrencies. After all bans and regulations put up in India, it is now growing as a leading crypto operator around the world, rising the user base. Further targeting
A petition promoting this subject has received 1,02,956 signatures so far. It allows the government to keep tabs on all trade, digital assets. In India, taxation on cryptocurrency assets will begin on April 1, 2022. Finance Minister Nirmala Sitharaman revealed several modifications to the tax code in her presentation of
More than $12.6 million has been confiscated from 11 crypto exchanges. The authorities seemed to be concerned about the rapid pace of acceptance. The overall crypto market appeared optimistic on the most prominent cryptocurrencies like bitcoin, ether, and other altcoins, with a global market cap of $2.14T, showing no signs
