How to Understand Cryptocurrency as a Business
Cryptocurrency is one of the most talked-about and hotly debated topics in the business world today. It has been making waves since its inception and has become the go-to investment option for many entrepreneurs. Yet,
Ultima: The Solution to Online Payment Problems
Digital assets are on the rise and not just as an investment option, but also as a convenient means of payment. The benefits of cryptocurrencies are numerous. Digital assets are resistant to censorship, offer complete
GST on Crypto: Cryptocurrency Exchanges to pay 1% TDS from Next Month
In a significant move to bring cryptocurrencies and virtual assets into the tax scanner, the Cryptocurrency exchanges are reportedly readying their systems for the one per cent tax deducted at source that will kick in
Budget 2023 Economic Survey Gauges Necessity to Regulate Cryptocurrency [Read Report]
The Economic Survey gauged for the necessity to regulate cryptocurrency or the crypto ecosystem.  Further the International fora like Organisation for Economic Co-operation and Development (OECD) and G20 are discussing a globally coordinated approach to
Cryptocurrency Bill in Parliament: Govt to Ban Private Cryptocurrencies in India, Create Official Digital Currency
The Central Government has proposed to present a  Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 in the upcoming Winter Session of Parliament to create the official digital currency to be issued by the
Bombay High Court to hear Plea seeking Regulation of Cryptocurrency Market in India
The Bombay High Court to hear a plea Seeking Regulation Of Cryptocurrency Market in India. The lawyer has filed a public interest litigation (PIL) before the Bombay High Court, seeking directions to the Union of
ICAI to introduce focused initiatives aimed at Inclusive Growth, Sustainable and Resilient Global Ecosystem and Digitisation
The Institute of Chartered Accountants of India (ICAI) on Tuesday announced a series of initiatives aimed at further enhancing its mission of being a true partner in nation building, empowering students and upholding “Independence, Integrity
Tax Implication on Cryptocurrency in India
The two continuous lockdowns due to COVID-19 have made people understand the importance of having a passive income source, and consequently, a lot of people choose to invest in cryptocurrencies. People are finding a great
CBI launches Operation Chakra-II against Organized Financial Cyber-Crimes
In an ongoing battle against transnational organized cybercrime networks, the Central Bureau of Investigation (CBI) has initiated "Operation Chakra-II". This operation aims to thwart and dismantle the infrastructure of organized cyber-enabled financial crimes within India.
Supreme Court lifts Restriction Imposed by RBI on Cryptocurrency, Allows Trading [Read Judgment]
The Supreme Court has set aside Reserve bank of India’s (RBI) 2018 Circular which had restricted banks from dealing with cryptocurrency such as bitcoins. The petition against the RBI curbs was filed by the Internet
Bitcoins: IT Dept sends Notice to 10000 Cryptocurrency Holders
As a nationwide survey revealed that more than $3.5 billion worth of transactions have been conducted over last one and a half year, the Income Tax department sent notices to ten thousand individuals who are
Govt mulls imposing 18% GST on Cryptocurrencies
Instead of banning cryptocurrencies in India, the Government is likely to impose 18 per cent Goods and Services Tax (GST) on its trading. Reportedly, the tax will be part of a proposal being considered by
Alleged conversion of Rs. 156.22 Cr defrauded amount to Cryptocurrency: P&H HC denies Regular Bail to Accused in Winmoney Scam on Telegram [Read Order]
The Punjab and Haryana High Court has recently denied bail to the accused in Winmoney Scam on Telegram for alleged conversion of defrauded amount to the tune of Rs. 156.22 Crore to USDT (Tether), a
Application of ‘Equalisation Levy’ to Cryptocurrencies
When Modern-day Tony Stark a.k.a Elon Musk tweeted that cryptocurrencies were “potentially promising”, the value of these digital currencies skyrocketed and saw unprecedented exponential growth, globally.  While cynics remain skeptical, crypto enthusiasts remain optimistic and
Everything You Need to Know About Cryptocurrency Taxation in India
Virtual Digital Assets(VDAs) and Cryptocurrencies - Know the Differences A Virtual Digital Asset (VDA) is any digital holding that has been encrypted on the blockchain, enabling anyone to confirm its authenticity and determine who owns