crypto ban

For a moment on June 8, the Income Tax department’s portal reflected the TDS on VDAs as 0.1%, down from 1%. In her fiscal budget for FY23 in early February 2022, Finance Minister Nirmala Sitharaman stated that a 30% tax excluding TDS…

GST officials believe that cryptocurrencies share similarities with casinos, betting, gambling, lottery, and horse racing, among others in nature The cryptocurrency scene in India is pretty hot, especially after the Government voiced…

RBI has advised its central board that it favours a complete ban on cryptocurrencies! Do you know India has 15-20 million cryptocurrency investors, with total crypto holdings of roughly 400 billion rupees?  But yes, there are no…

The government is planning to introduce a bill on cryptocurrency during the current winter session of Parliament! A bill on cryptocurrency is in work! Yes. A bill for regulating cryptocurrency is in the works, and RBI Governor…

FM Sitharaman has clarified that the new crypto bill would soon be introduced in the Parliament, as soon as it receives a clear from the Cabinet. In the latest update to the highly-awaited new crypto bill, Finance Minister Nirmala…

Cryptocurrencies Won’t Be Banned In India, As Per ‘Sources’; But Regulation Can Happen Since the last few days, speculations are rife that the Indian Govt may place a blanket ban on all ‘private’ cryptocurrencies, barring few, and this…