Tag: 30% crypto tax

May 16 2022

Breaking: India May Soon Ban Crypto Celebrity Endorsements

Crypto endorsement by celebrities in India will soon come to an end with possible talks of law violations. The deals will come to a halt for all major public figures and sportspeople even, suggests SEBI. Along with India, the novel crypto space is highly unregulated in several markets calling for strict rules. Misleading ads are...

Mar 26 2022

Editorial: Unfair Crypto Taxes Can Hit India With Biggest Brain Drain Ever

India has finally approved the 30% crypto tax proposed in the Union Budget 2022-23 by the Finance Minister. Implications also include 1%...

Mar 25 2022

“Ban On Crypto Equivalent To Banning Internet”- Says Indian Lawmaker

Mar 25 2022 Published at Coingape under tags  30% crypto tax india crypto tax news

The Indian government has always looked hesitant towards the adoption of cryptocurrency. Even Country’s Lawmaker Pinaki Misra believes that the administration has created confusion regarding investing in digital assets. While he also states...

Mar 08 2022

Expect Indian Digital Currency (CBDC) This Year- Indian FM

Mar 08 2022 Published at Coingape under tags  30% crypto tax cbdc cryptocurrency india news

Two major highlights from the FM Sitharaman’s Budget speech were (1) RBI soon to launch CBDC, (2) 30% implied tax on cryptocurrency earning. Speaking at the India Global Forum's annual summit, the Finance Minister cleared the air from these two topics. Ever since the Union Finance Minister Nirmala Sitharaman implied a 30% tax on the...

Feb 11 2022

India’s Finance Minister Explains Why Cryptocurrencies Must Be Taxed

Feb 11 2022 Published at Coingape under tags  30% crypto tax india news nirmala sitharaman

The government of India remains set on taxing cryptocurrencies. Finance minister, Nirmala Sitharaman, has said that crypto taxes will come into effect as planned. This is despite India not having decided on if crypto will be banned or not, although the country made it clear that cryptocurrencies will never be made a legal tender. Taxing crypto is legitimate, says...

Feb 02 2022

Bitcoin And Crypto Prices Boost As India Embraces Cryptocurrency

After years of confusion over India's attitude on cryptocurrency, Finance Minister...

Video: ‘All Except RBI Currency Are Assets’ Indian Finance Minister Clarifies On 30% Tax

The Indian Finance Minister Nirmala Sitharaman was unequivocal when she declared that "I don't wait until regulations come in place to tax people making profits." However, on NDTV's question on the new tax, the FM clarified that the tax is only on earnings made from digital assets and "not taxing currency that is yet to be The post Video: 'All Except RBI Currency...

Feb 01 2022

Breaking: India Announces 30% Tax on Crypto Profits, the Highest Tax Band In the Country

Feb 01 2022 Published at Coingape under tags  30% crypto tax btcbrl btcbusd btcdai btceur

Profits derived from trading Crypto Assets will attract 30% taxes, Indian Finance Minister Nirmala Sitharaman made an announcement while addressing the budget session earlier today, February 1. This clears the air on crypto...

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