Category: Crypto
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Ten Cryptocurrencies to Watch Out for in 2022
In the past year, 2021, Cryptocurrencies have witnessed a roller coaster ride due to their high volatile nature. Some cryptocurrencies made incredible gains, whereas some busted massively. However, financial experts are assuming a bright future for this fast-moving market of cryptocurrencies in 2022. The Allied Market Research states, “The global cryptocurrency market size was valued…
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Crypto Transactions may attract GST for Indian and foreign Exchanges
The Government of India is contemplating levying Goods and Services Tax (GST) on Crypto Exchanges in India on the procurement of Crypto assets from those outside the country. As per the report, the tax department is currently scrutinising how exchanges that allow trading in India manage their cryptocurrency float and whether there is any element…
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Top Crypto bourses to stay away from IPL
Pandemic that started before Indian Premier League 2020 season, bought several challenges. The impact of Covid19 wasn’t limited to life, but it also affected economy, businesses of different sector and sports industry too. As lockdown was imposed and number of Covid cases were increasing in mid-2020, the IPL was postponed later in the year. By…
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Crypto users will be charged 30% taxes on Digital Assets from April
Finance Minister Nirmala Sitharaman, in the 2022-23 Budget Speech, had announced a 30 per cent tax on gains from crypto-currencies from the Financial year 2022-23. As per the founder of WazirX, with almost ten million users, India’s Crypto market amounted to $100 billion in trading volume in 2021. Hence, the new tax regime will yield…