A junior finance minister told the Indian parliament on Tuesday that the government has collected about $7.4 million in TDS on crypto transfers...

After months of all kinds of rumors, a little bit of clarity is finally coming out of India regarding cryptocurrency regulation. The Indian government has announced a plan to tax income from cryptocurrency and non-fungible token (NFT) transactions by 30%. The country’s finance minister Nirmala Sitharaman also proposed a 1% tax deduction on payments related […]

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A recent survey by Deloitte shows that 82% of Indians plan to invest in cryptocurrency when the government provides more clarity surrounding the regulation of crypto assets. Moreover, 77.4% of respondents want cryptocurrency to be treated as securities. Indian Crypto Survey: 82% Plan to Invest in Crypto Once It Is Regulated Professional services firm Deloitte […]

One of the world’s fastest-growing crypto hubs has been in regulatory limbo for quite some time now, but many are hoping this will change in a week’s time. On February 1, India’s Finance Minister Nirmala Sitharaman will present the country’s budget, and some are hopeful that she’ll talk about digital asset regulations.   Crypto regulations […]

Indian government officials reportedly said that India’s cryptocurrency bill will require more time because crypto is a complex subject. The bill is therefore unlikely to be introduced in the upcoming session of parliament. The government reportedly wants to hold more discussions to build a consensus on a regulatory framework for crypto. Crypto Bill Unlikely to […]