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Crypto, NFT Banning Can Be Effective Only After Global Collaboration: Finance Ministry

Crypto, NFT Banning Can Be Effective Only After Global Collaboration: Finance Ministry

Union Minister of State for Finance Pankaj Chaudhary said that any legislation for regulation or for banning cryptocurrencies and non-fungible tokens (NFTs) can be effective only after significant international collaboration on evaluation of the risks and...

26 July 2022
GameFi Bringing More Gaming Companies Into Blockchain Technology, Says Binance Report

GameFi Bringing More Gaming Companies Into Blockchain Technology, Says Binance Report

Binance has in its half-yearly research report 2022 said that the number of GameFi projects has continued to rise and had reached 1,551 games as of June 2022.

16 July 2022

TDS Clips Crypto's Wings: Trading Volumes On Indian Exchanges Nosedive By 82%

Major crypto exchanges such as WazirX, ZebPay, and CoinDCX see trading volumes in red.

CBDT Notifies Exclusion Of Gift Cards, Loyalty Points, Others From Crypto Tax, Bitcoin Down 6%

CBDT Notifies Exclusion Of Gift Cards, Loyalty Points, Others From Crypto Tax, Bitcoin Down 6%

CBDT has notified that some virtual digital assets will be excluded from the definition of crypto VDA taxation ambit. Meanwhile, the crypto markets have hit...

02 July 2022

TDS On Crypto, PAN-Aadhaar Link, And Work Days Among Other Changes Effective From July 1

Here are five significant financial and operational changes that will go into effect from July 1.

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23 June 2022
TDS On Crypto Transactions: Here Are Some FAQs Answered For Investors

TDS On Crypto Transactions: Here Are Some FAQs Answered For Investors

The Central Board of Direct Taxes (CBDT) has come up with some detailed clarifications with examples regarding crypto transactions both via peer-to-peer...


22 June 2022
CBDT Notifies TDS Disclosure Requirements For Cryptos, Virtual Digital Assets

CBDT Notifies TDS Disclosure Requirements For Cryptos, Virtual Digital Assets

From July 1, tax deducted at source of 1 per cent will be levied on payments towards virtual digital assets or cryptocurrencies beyond Rs 10,000 in a year, as...


13 April 2022
Shiba Inu Surges By 20% In Trading; Know The Possible Reasons Here

Shiba Inu Surges By 20% In Trading; Know The Possible Reasons Here

Shiba Inu, which is built on top of the Ethereum (ETH) blockchain, surged by 20 per cent in the early hours of trading today. There are several possible...


04 April 2022
10 New Changes In Income Tax Rules That You Should Know

10 New Changes In Income Tax Rules That You Should Know

The government introduced a list of changes to the existing income tax rules from April 1, 2022. Here’s the list


31 March 2022
Crypto Assets To Come Under Income Tax Ambit From April 1. This Is How They Will Be Taxed

Crypto Assets To Come Under Income Tax Ambit From April 1. This Is How They Will Be Taxed

Gains from virtual digital assets like cryptocurrencies and non-fungible tokens (NFTs) will come under income tax ambit from April 1 as the new financial year...


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29 March 2022
Exclusive News Footage of PM Modi, Amitabh Bachchan on CrossTower’s Global NFT Marketplace

Exclusive News Footage of PM Modi, Amitabh Bachchan on CrossTower’s Global NFT Marketplace

NFT marketplace launched today in association with Hollywood movie, Antara, offers buyers and collectors exclusive news footage of Prime Minister, and Amitabh...


25 March 2022
Lok Sabha Passes Finance Bill 2022

Lok Sabha Passes Finance Bill 2022

The government on Thursday proposed to tighten the norms for taxation of cryptocurrencies by disallowing set-off of any losses with gains from other virtual...


28 February 2022
Will the RBI-Issued Digital Rupee Based on Blockchain Technology Be a Big Boon For India?

Will the RBI-Issued Digital Rupee Based on Blockchain Technology Be a Big Boon For India?

Digital rupee is likely to cater to the educated and technology-savvy users, but the replacement of extant modes like cash and traditional banking is...


26 February 2022
How Deep Is The Indian Crypto Advertisement Market?

How Deep Is The Indian Crypto Advertisement Market?

Advertising Standards Council of India (ASCI) has introduced a set of 12 guidelines for the advertisement and promotion of virtual digital assets, including...


24 February 2022
Interest In Virtual Metaverse Land Rises But Risks Remain

Interest In Virtual Metaverse Land Rises But Risks Remain

More and more corporates and individual investors are buying virtual land but there are risks involved, so it’s meant only for those with deep pockets who...


15 February 2022
Will 30% Crypto Tax Along With Lack of Set-Off Provision For Losses Kill The Industry?

Will 30% Crypto Tax Along With Lack of Set-Off Provision For Losses Kill The Industry?

While the proposed tax of 30 per cent on cryptos is steep, the lack of the provision to set off losses may lend a dual blow to the industry, though clarity on...


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09 February 2022
Fully Decrypting The New Crypto Taxes In India

Fully Decrypting The New Crypto Taxes In India

Budget 2022 has introduced a new set of taxes on virtual digital assets like cryptocurrencies and non-fungible tokens (NFTs), but clarity is awaited on an...


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