News with the tag "crypto tax in India"

Indian Economic Advisor (CEA) V. Anantha Nageswaran said that regulators should not stand in the way of crypto, Bitcoin, and gaming innovations. His comments send a strong signal to Indian regulators who have been trying to restrict banking associations with crypto firms in the past, as well as putt...

The newly elected Indian government under Prime Minister Narendra Modi will present the Union Budget later this month on July 23. India’s crypto industry is looking forward to this budget with high hopes expecting some tax reliefs along the way. Furthermore, the crypto industry is also looking for c...

The launch of US spot Bitcoin ETFs in January this witnessed attracted a huge pool of institutional players with total inflows surging past $12.3 billion so far. Interestingly, it turns out that the Bitcoin ETFs have been attracting wealthy investors from overseas, especially from India. Indians Use...

WazirX CEO and Pi42 futures crypto exchange co-founder Nischal Shetty has sparked speculation within the cryptocurrency community by hinting at the possibility of Pi42 introducing its own native token. Moreover, the celebrated Pi42’s recent achievement of clocking $12 million in daily trade volume. ...

Former ZebPay CEO Avinash Shekhar, in collaboration with WazirX co-founder Nischal Shetty, recently launched Pi42, a crypto-INR perpetual futures exchange tailored for Indian investors. In the wake of recent regulatory concerns around crypto, Pi42 serves as a relief for the Indian crypto community. ...

Sumit Gupta, CEO and Co-Founder of CoinDCX, a prominent Indian crypto exchange, recently expressed optimism for crypto tax reform in India. Despite no immediate relief in the Interim Budget for high TDS and crypto tax rates, Gupta remains hopeful for positive changes in the final budget after the el...

As India’s Union Budget 2024 announcement approaches, the web3 community in India is urging changes in cryptocurrency tax regulations. Despite consistent appeals from the web3 community in the past two years, the Indian government has not revisited crypto-related tax laws. Many in the sector argue t...