Cryptocurrencies

Cryptocurrencies clear danger, says RBI Governor

Reserve Bank of India has been flagging concerns about cryptocurrencies, which are seen as a highly speculative asset.

published on : 30th June 2022

CBDT notifies TDS disclosure requirements for cryptocurrencies, virtual digital assets

CBDT has notified that the TDS collected under Section 194S shall be deposited within 30 days from the end of the month in which the deduction has been made.

published on : 22nd June 2022

Wall Street rallies in relief after Fed's assurance on rates

The S&P 500 climbed 54.51, or 1.5%, to 3,789.99 after whipping through roller-coaster trading immediately following the Fed's latest move to fight inflation.

published on : 16th June 2022

India finalising consultation paper on cryptocurrencies; to be submitted soon: DEA Secretary

A lot of consultation has been done from both domestic and other participants, Seth said on the sidelines of an event organised by the Finance Ministry.

published on : 30th May 2022

Cryptocurrencies can lead to dollarisation of economy: RBI officials to parliamentary panel

There are an estimated 15 million to 20 million crypto investors in India, with total crypto holdings of around USD 5.34 billion.

published on : 15th May 2022

Government yet to define crypto as goods or services, say sources

The clarification comes after reports stated that the GST Council is mulling to tax cryptos at 28%.

published on : 11th May 2022

NFTs are less risky and give better returns, claims PK Mishra, President, AIGF

According to Mishra, who is also a former bureaucrat and has held key positions in the Indian Government including that of Steel Secretary and Secretary, Department of Personnel and Training (DoPT).

published on : 5th May 2022

Government proposes 39 changes in Finance Bill; clarifies on crypto taxation

Proposes relaxation of penalty provision for claiming cess, surcharge as expenses 

published on : 25th March 2022

ICAI to work on research paper on cryptocurrencies

ICAI President Debashis Mitra on Tuesday said the institute is working on a research paper on cryptocurrencies, which is expected to be ready in one-and-a-half months.

published on : 22nd March 2022

Advertisers will have to put disclaimers while promoting 'highly risky' cryptos from April 1 

All virtual digital assets (VDAs), which are commonly referred to as crypto or non-fungible tokens (NFTs), will have to put the disclaimer in a "prominent and unmissable" way.

published on : 23rd February 2022

Private cryptocurrencies pose threat to macroeconomic, financial stability: RBI Governor

RBI Governor Shaktikanta Das' comment comes a week after the Budget proposed a 30 per cent tax on virtual digital assets, thereby recognising cryptos.

published on : 11th February 2022

Union Budget 2022: Trading in cryptocurrencies may get trickier

In order to monitor all transactions happening in the crypto space, the government has also announced that all the crypto transactions will be taxed at 1 per cent as TDS.

published on : 3rd February 2022

Next year's I-T return to have separate column for crypto income: Government

Revenue Secretary Tarun Bajaj said gains from cryptocurrencies were always taxable and what the Budget proposed is not a new tax but providing certainty over the issue.

published on : 2nd February 2022

NFTs are here to stay  

As the NFT ecosystem grows, new usage will come to the fore, and innovations in crypto and NFT will continue to shape the art industry’s future

published on : 23rd January 2022

Global crypto market suffers $1 trillion loss as Bitcoin crashes

The crypto crash came as the US Federal Reserve raised the possibility of boosting interest rates as soon as March and withdrawing stimulus from the market.

published on : 22nd January 2022
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