Rajya Sabha MP Raghav Chadha Vows to Address High Crypto Tax in Parliament Rajya Sabha MP Raghav Chadha has pledged to tackle the high cryptocurrency taxes in the upcoming parliamentary session, offering hope to India’s struggling crypto community. 30% flat tax and 1% TDS on crypto transactions Decline in trading volumes and shift to offshore […]
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2024 Sees Favorable Rulings for Digital Assets in India In 2024, India has taken significant strides forward in recognizing and legitimizing digital assets, balancing optimism with the realities of stringent taxation. The year has brought not only judicial clarity but also high-profile endorsements, signaling a shift in perception that could reshape the future of cryptocurrency […]
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Is RBI’s Push for Instant Payments Hindering CBDC Adoption? In Mumbai, trying to pay for your chai with the new digital rupee might feel like bringing a knife to a gunfight, as everyone around you swipes their UPI. The Reserve Bank of India (RBI) rolled out its blockchain-based Central Bank Digital Currency (CBDC), the digital […]
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India’s Path to Leading Global Crypto Regulation As the global cryptocurrency landscape continues to evolve, Binance has projected that India will assume a leading role in global cryptocurrency regulation by 2025. This vision is underpinned by India’s proactive regulatory efforts to foster trust and encourage blockchain innovation. Noteworthy advancements, such as the approval of spot […]
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