'Defer decision on levying GST on cryptocurrencies', suggest officers' committee

The Fitment Committee in its report to the GST Council has suggested that a law on regulation of cryptocurrency is awaited and it would be essential to identify all relevant supplies.

published on : 23rd June 2022

Bitcoin drops below USD 20,000 as crypto selloff quickens

Bitcoin, the most popular cryptocurrency, fell below the psychologically important threshold, dropping as much as 9% to less than $19,000, according to CoinDesk.

published on : 18th June 2022

Elon Musk sued for $258 billion over dogecoin support

Since Musk began promoting the virtual currency, investors have lost around $86 billion, Johnson estimates. He would like Musk to reimburse investors this sum, plus pay double that in damages.

published on : 18th June 2022

Youth who sourced MDMA through dark web from US using cryptocurrency held in Kerala

The Anti-Narcotic Special Squad of Excise Department on Tuesday arrested a Chirayinkeezhu native youth who ordered 12 grams of MDMA from the US.

published on : 15th June 2022

Bitcoin plunges to eighteen-month low on Monday

Also, this is the lowest in the past 18 months. The cryptocurrency market capitalisation too plunged below $1 trillion, the lowest since January 2021.

published on : 14th June 2022

Cryptocurrencies plunge: Bitcoin falls to 18 month-low

The global crypto market, comprising other virtual currencies which are tanking, is worth about $1 trillion, which is down from a level of more than $3 trillion at its peak seven months ago.

published on : 13th June 2022

Centre to publish new set of guidelines for cryptos by July 1

Sathvik Vishwanath, co-founder and CEO of Unocoin too said that the TDS might remain at 1% and that it looks like the government is not favourable for day traders.

published on : 7th June 2022

Singapore-based millionaire Kerala youth scripts global success in cryptocurrencies

Till 2014, Sanju Sony Kurian was a young boy who roamed Kallumala village on the outskirts of Mavelikkara.

published on : 1st June 2022

Looking at 'pros and cons' of introduction of digital currency: RBI

The Reserve Bank has been looking at the pros and cons of introduction of CBDC in India and it proposes to adopt a graded approach to introduction of CBDC.

published on : 27th May 2022

No slump for 'pump and dump' cryptocurrency gangs despite tougher regulations

The crypto economy has been torn to shreds in recent weeks with hundreds of billions knocked off the value of the sector and some currencies completely collapsing.

published on : 26th May 2022

One in 10 eurozone households own cryptoassets, says ECB

The proportion of crypto owners varied between the countries, with the figure as low as six percent in France and above 14 percent in the Netherlands.

published on : 24th May 2022

'Coin' in Bitcoin name doesn't make it money: IMF chief 

Experts believe Central Bank Digital Currencies (CBDCs) have the potential to reshape financial systems, changing the landscape of payments and banking.

published on : 23rd May 2022

Hackers gain access to Chhattisgarh Governor's Twitter handle, tweet about cryptocurrency

The hackers gained access to the handle @GovernorCG which broadcasts information about official activities of Governor Anusuiya Uikey, said a Raj Bhavan spokesperson.

published on : 19th May 2022

Crypto industry seeks reduction in TDS

At present, the transfer of digital assets will attract a 30% tax and 1% TDS.

published on : 10th May 2022

Bitcoin falls below $30,000, lowest since July 2021

Bitcoin's value has more than halved since a November surge that sent the token to a record of nearly $69,000. 

published on : 10th May 2022
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