RBI recommends ban on cryptos: FM to Parliament
RBI had observed digital currencies “will have a de-stabilising effect on the monetary and fiscal stability of a country”, due to their volatility, the FM said.
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Crypto TDS: Here's what govt guidelines say
The CBDT has issued an FAQ to clear confusion around TDS on virtual digital assets.
Banning cryptocurrencies outright not an option: CII’s Sanjiv Bajaj
Cryptos need to be tested out in a project mode in a sandbox environment rather than banned outright, says CII's Sanjiv Bajaj.
CoinSwitch Kuber disables UPI, other modes to buy crypto
The move by CoinSwitch Kuber comes after another big crypto exchange Coinbase stopped accepting UPI payments three days after its launch.
Crypto tax becomes law amidst industry outcry against high tax rate
As per the new crypto tax law, loss from the transfer of virtual digital assets will not be allowed to be set off against the income arising from transfer of another VDA.
Crypto Tax: 'No setoff of losses' to drive investors to grey market!
The crypto industry seems to be disheartened as it believes such measures would discourage investor participation in the emerging asset class.
Is crypto legal now?
Centre takes the first step towards legalising crypto by taxing gains at 30%. Here's what it means for investors.
74% support Budget tax on cryptos; 56% rue lack of personal tax relief
While 7% of the respondents said the Budget was far above their expectations, 26% of the respondents said it was “far below”.
Government has defined crypto as an asset: Amitabh Kant
While taxing cryptocurrencies at the high rate of 30% is debatable, it cheered industry which has been waiting for clarity on regulations since long.
Once you start taxing cryptos, you’ll have regulatory mechanism: Amitabh Kant
Quashing any grouse claiming a lack of clarity, Amitabh Kant, the CEO of NITI Aayog explains cryptos could be regulated between the RBI and SEBI
