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Indian government investigates 11 crypto exchanges for tax evasion and recovers $12.6 million

Reshab AgarwalMarch 29, 2022

The Indian government investigates 11 crypto exchanges for tax evasion and has recovered $12.6 million from them. These exchanges are the most popular platforms...

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Indian Government explains how they will tax crypto

Reshab AgarwalMarch 22, 2022

A while back, the finance minister of India announced that cryptocurrencies would be charged a 30% tax on all profits. There won't be any deductions allowed, an...

CryptoCrypto Regulation

India is targeting crypto investors for not paying taxes

Reshab AgarwalMarch 16, 2022

The Indian government recently announced a 30% flat tax rate + 1% TDS on crypto profits in India. And now, the income department of India is targeting crypto in...

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Shareholders urge Amazon to boost tax transparency

Srestha RoyMarch 7, 2022

The Financial Times reported on Sunday that twenty-four Amazon investors are asking the tech giant to boost tax transparency and embrace a new reporting standar...

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Argentinian authorities will seize crypto to cover tax debts

Reshab AgarwalFebruary 13, 2022

Taxation in crypto has become a mandate in many countries. And a lot of these nations are actually taking very strict steps to implement the same. Recently, the...

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India’s finance minister makes a controversial statement on crypto

Reshab AgarwalFebruary 12, 2022

India's finance minister makes a controversial statement about crypto in the recent discussion on Union Budget 2022-23. When we heard about the crypto tax in In...

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Indian Finance Minister says government is constantly monitoring crypto

Reshab AgarwalFebruary 10, 2022

India has recently taxed cryptocurrencies in the 30% bracket that is usually reserved for lotteries and gambling. This has made it clear that the government is ...

CryptoIndia News

Crypto mining and gold-backed stablecoins may be permitted in Russia

Russian authorities might collect $13 billion in taxes from crypto regulation every year

Reshab AgarwalFebruary 9, 2022

Recently, the president of Russia, Vladimir Putin, has cleared that they are not planning to ban cryptocurrencies in the country. This means that they might soo...

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Thailand relaxes tax rules for crypto investors

Sandra Theres DonyFebruary 7, 2022

Thailand has joined the list of countries that have realized the underlying potential of cryptocurrency. It has relaxed the planned 15 percent withholding tax a...

Crypto

US releases the Crypto Tax Fairness act to boost adoption

Reshab AgarwalFebruary 6, 2022

The US has recently released the Crypto Tax Fairness act in order to boost adoption and increase its use as a payment medium. This act is the US lawmaker's goal...

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