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Official Digital Currency Regulation and Cryptocurrency Bill 2021 aims to build a framework that will make it easier for the Reserve Bank of India to launch an official digital currency. All crypto values dropped by 15% or more hours after the government said that it will introduce the cryptocurrency law in Parliament’s winter session, which … Read more
Ether prices have remained unchanged over the last 24 hours, and the cryptocurrency has lost 9% in the last week. Bitcoin showed hints of recovery over the weekend, but it has since fallen in value once more. Bitcoin is presently trading at $62,320 (approximately Rs. 46.4 lakh) on Indian market CoinSwitch Kuber, while the most … Read more
After reaching a partnership contract with Deloitte to increase US disaster-relief funding, Avalanche cryptocurrency has moved Dogecoin out of the top ten. After more than doubling in price since the beginning of November, the Avalanche token, AVAX, is currently the tenth-largest cryptocurrency by market capitalization. In doing so, it surpassed Dogecoin’s $30.30 billion in circulation … Read more
THE RIGHT TO BE FREE: El Salvador President Nayib Bukele announced that his government will create an oceanside “Bitcoin City” at the base of a volcano in a rock concert-like setting. Bukele used a Saturday night gathering of Bitcoin enthusiasts to announce his latest idea, similar to how he used a video message at a … Read more
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
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
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
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
According to statistics, India currently has the biggest number of cryptocurrency owners in the world, with over 10 crore people holding the digital money. However, before you go on the crypto bandwagon, you should be aware that, like many other investing opportunities, crypto is not without danger. Crypto scams are also on the rise, with … Read more