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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...

Cryptocurrency Bill - Parliament Government - Ban Private Cryptocurrencies - Create Official Digital Currency - Taxscan
Taxscan Team

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...

Bombay High Court - Regulation Of Cryptocurrency Market In India - taxscan
Taxscan Team

10 Frequently Asked Questions About Crypto Taxes in the US

How do crypto taxes work? The cryptocurrency market was off the leash until recently, Bitcoin value spiked again. Now IRS asked the question about cryptocurrency holdings in the 1040 Federal...

Crypto Taxes in the US - Crypto Tax - Taxscan
Taxscan Team

Govt. likely to impose 18% GST on Bitcoin Trade

The Central Economic Intelligence Bureau (CEIB) has put forward a proposal to impose 18% GST on bitcoin transactions, estimated to be around Rs 40,000 crore annually. The CEIB has conducted a...

Govt. likely to impose 18% GST on Bitcoin Trade
Taxscan Team

Bitcoin Tax notices sent to Spanish Residents despite the Global pandemic and crisis

Bitcoin is one of the major methods of payment in the whole country. Once the brand new and modern payment method has now become one of the common daily tools. The Bitcoin was introduced in 2008 and...

Bitcoin Tax - Supreme Court Cryptocurrency - RBI -Bitcoin - GST
Taxscan Team

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...

Supreme Court lifts Restriction Imposed by RBI on Cryptocurrency, Allows Trading [Read Judgment]
Taxscan Team

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...

Govt mulls imposing 18% GST on Cryptocurrencies
Taxscan Team

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