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Due to the huge demand for cryptocurrencies and the rapidly changing landscape, there has been a surge in cryptocurrency-related scams. As a result, it is critical for investors to protect themselves from rogue crypto exchanges and tokens. Every investor and non-investor is a target for con artists attempting to make quick money by preying on … Read more
The cryptocurrency market has been quietly growing in India for several months, and the Reserve Bank of India has raised worries about it, prompting the Centre to take notice. In recent days, the government has stated that it intends to regulate cryptocurrencies in order to prevent investors from keeping them without limitation. It does not, … Read more
Despite signs of recovery on Thursday morning, bitcoin prices have continued to fall. Bitcoin is presently trading at $60,879 (approximately Rs. 45.2 lakh) on Indian market CoinSwitch Kuber, while the most popular cryptocurrency is valued at $55,950 on worldwide platforms like CoinMarketCap (roughly Rs. 41.5 lakh). In terms of percentages, Bitcoin has dropped 7.55 percent … Read more
New Delhi, India: With Budget 2022, the central government intends to make major modifications to income tax legislation. The government is considering steps to bring cryptocurrencies within the tax system, according to Revenue Secretary Tarun Bajaj. According to Bajaj, some people are already paying capital gains tax on bitcoin revenue, and the law is “quite … Read more
This year, cryptocurrency commercials, which are being increasingly scrutinised, were widely featured on TV channels, particularly during the broadcast of cricket competitions. According to AdEx India, a branch of TAM Media Research, a television audience measurement analysis organisation, over 85% of bitcoin commercials shown on TV this year were on sports channels. News networks accounted … Read more
Sundar Pichai, the CEO of Google and its parent company Alphabet, feels that the humble search bar, which has stayed constant over the years, is the key to the Internet’s future. In an interview with Bloomberg Television’s Emily Chang for the Bloomberg New Economy Forum in Singapore, Pichai said, “I feel lucky our objective is … Read more
New Delhi, India: As the government considers enacting a cryptocurrency law, those who already invest or trade in this asset class are contacting their tax consultants for clarification on how the profit created from this investment would be taxed. According to the Economic Times, which cited tax specialists, investors want to know the income tax … Read more
Narendra Modi stated that it is critical for all democratic nations to collaborate on cryptocurrencies and ensure that it does not fall into the wrong hands, which could harm our youth. New Delhi, India: Prime Minister Narendra Modi made his first public comments on cryptocurrencies today, saying that the world’s democracies must work together to … Read more
In the midst of India’s ongoing discussion about cryptocurrency regulation, a cloud of anxiety and uncertainty hangs over the country’s crypto ecosystem, as the government has hinted that the Cryptocurrency Bill will be introduced in the Winter Session. According to BrokerChooser, a broker search and comparison website, India now has over 10 crore cryptocurrency investors … Read more
In the wider public interest, the government may seek to establish certain boundaries for crypto in India after multiple rounds of caution. There have been some fast-paced changes on the way forward for digital currencies in India amid growing cryptocurrency excitement, with RBI governor Shaktikanta Das kicking it off by sounding a note of caution … Read more