Fri, November 22

India Keeps Crypto Tax Unchanged After 2024 Budget Meet

In the budget meeting for the fiscal year 2024-2025, India’s Finance Minister Nirmala Sitharaman upheld the existing tax regulations on cryptocurrencies, leaving the controversial tax-deducted-at-source (TDS) rate at 1% unchanged. This decision follows a significant urge from the crypto sector, which had asked for a reduction of the TDS to

July 23, 2024 2 mins read

India Collects Rs 158 Crores Via TDS on Crypto Transactions

India, until March 2023 for the financial year 2022–23, a total of Rs. 157.9 crore has been collected in direct tax or deducted at source (TDS) on payments made upon transfer of virtual digital assets (VDAs) and cryptocurrencies. Cryptocurrencies and other VDAs are entitled to 1% TDS, which went into

March 29, 2023 1 min read

India Seeks to Explore Crypto Regulation Via G20

Despite the challenging global economic conditions, central bank officials strive to stabilize Asia’s third-largest economy. As the Indian Finance Minister Nirmala Sitharaman stated in a LokSabha question hour, the Group of 20 (G20) big economies are exploring “the possibility of regulating cryptocurrencies and crypto mining” as a group. While China

February 13, 2023 1 min read

Indian Finance Minister Step-up to Low Inflation & Boost Economy

Central bank officials strive to stabilize Asia’s third-largest economy in the midst of challenging global conditions. While India’s Finance Minister Nirmala Sitharaman stated in the Reuters NEXT conference on Wednesday that she expects strong growth and lower inflation in the upcoming year. In addition, Nirmala Sitharaman specified Growth, health, and

December 1, 2022 1 min read

Nirmala Sitharaman’s Fast Yet Clear Crypto Views For India!

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

April 28, 2022 2 mins read