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

Stocks, cryptos top returns chart of 2021

The Nifty and the Sensex topped 20% returns in 2021 and were among the best-performing assets aside from cryptocurrencies.

published on : 1st January 2022

RBI Board discusses private cryptocurrencies, Central Bank Digital Currency

The government listed Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 in the Winter Session of Parliament.

published on : 17th December 2021

Modi government going slow on Bitcoin? Crypto bill may come in Budget session

The government had listed the Cryptocurrency and Regulation of Official Digital Currency Bill 2021 for tabling and passage in the session.

published on : 16th December 2021

Cryptocurrencies are okay, ban won't be appropriate: Ex-RBI Governor Bimal Jalan

"What we need is a regulatory framework, ensuring transparency," Jalan told The New Indian Express. But without regulation, he believes it's better not to have cryptocurrencies at all.

published on : 10th December 2021
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