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Binance Sees Record Increase in Indian Users After Government Starts Imposing New Crypto Tax

Binance Sees Record Increase in Indian Users After Government Starts Imposing New Crypto TaxThe number of Indian users on cryptocurrency exchange Binance has soared after the Indian government began levying taxes on crypto transactions. Meanwhile, daily trading volumes at some major India-based cryptocurrency exchanges are down over 90% since the new tax rules took effect. Binance Sees Record Number of Indian Users The number of Indian user sign-ups […]

Tornado Cash verdict has chilling implications for crypto industry

Indian Government Reveals 11 Crypto Exchanges Investigated for Tax Evasion, $13 Million Recovered

Indian Government Reveals 11 Crypto Exchanges Investigated for Tax Evasion,  Million RecoveredThe Indian government has revealed that 11 cryptocurrency exchanges have been under investigation by the country’s tax authority. About 95.86 crore rupees ($12.6 million) have been recovered from them. 11 Crypto Exchanges Investigated for Tax Evasion The Indian government answered some questions regarding the taxation of cryptocurrency exchanges Monday in Lok Sabha, the lower house […]

Tornado Cash verdict has chilling implications for crypto industry

Parliament Member Says 1% TDS Will Kill Crypto Asset Class in India, Urges Government to Reconsider

Parliament Member Says 1% TDS Will Kill Crypto Asset Class in India, Urges Government to ReconsiderAn Indian parliament member has warned that imposing a 1% tax deducted at source (TDS) on every crypto transaction will kill the nascent asset class. This tax provision is contained in Finance Bill 2022 which Lok Sabha, the lower house of India’s parliament, has passed. However, India’s finance minister insists that the TDS on crypto […]

Tornado Cash verdict has chilling implications for crypto industry