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Crypto Or Virtual Assets Not Regulated In India: Minister Pankaj Chaudhary
The question of the legality or illegality of specific crypto platforms does not arise as of date as crypto or virtual assets are not regulated in India, Minister of State for Finance Pankaj Chaudhary told Parliament on Monday.
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Income Tax Bill 2025 Clarifies Virtual Digital Asset Definition, Includes NFTs: Key Details
The Income Tax Bill 2025 classifies any cryptographically generated code, number, or token representing inherent value as part of the country's VDA ecosystem.
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Probe Agency Seizes Rs 1,144 Crore In Crypto Fraud Cases, WazirX Gets Notice
The Enforcement Directorate (ED) has seized proceeds of crime amounting to Rs 1,144 crore and arrested 20 people in cases related to frauds in cryptocurrency or virtual digital assets, Minister of State for Finance Pankaj Chaudhary said on Monday.
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Enforcement Directorate Probing Several Cryptocurrency, Digital Currency Fraud Cases: MoS Finance
The Enforcement Directorate (ED) has has attached, seized, or frozen proceeds of crime amounting to Rs 936.89 crore as on January 31, Minister of State for Finance Pankaj Chaudhary said in a written reply to the Lok Sabha on Monday. The minister also said the ED is probing several cryptocurrency and digital fraud cases in the country, while some cr...
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Crypto Exchanges, Virtual Digital Asset Intermediaries Must Perform KYC of Clients: Finance Ministry
Crypto exchanges and firms dealing with virtual digital assets must perform KYC of their clients and users on the platform, under new rules notified by the Finance Ministry earlier this week. Entities dealing in virtual digital assets are now considered 'reporting entities' under the Prevention of money laundering Act (PMLA).
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Australian Government Prepares for Virtual Crypto Stocktake Ahead of Plans for Sector Regulation
Australia’s Treasury, or Department of the Treasury, "token mapping", or cataloguing the types and uses of digital currency owned within the country, as a first step to identifying which cryptocurrency assets to regulate. The government is preparing for the virtual stocktake of the country's cryptocurrency holdings before it regulates the $1 tril...
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What You Need to Know About Crypto, NFT Laws in India
The Income Tax Department has come out with detailed disclosure requirements for TDS deductions for virtual digital assets, under which date of transfer and mode of payment will have to be specified. The 2022-23 Budget has brought in clarity with regard to levy of income tax on crypto assets. From April 1, a 30 percent I-T plus cess and surcharges,...
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IT Department Notifies TDS Disclosure Requirements for Crypto, Virtual Digital Assets
The income tax department has announcement TDS disclosure requirements for cryptocurrency, virtual digital assets. From July 1, 1 percent TDS will be charged on payments towards virtual digital assets or cryptocurrencies beyond Rs 10,000 in a year.
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Tanzania Calls for Distinct Global Consensus on Crypto Assets, CBDCs During IMF Meet
Tanzania has asked for a global stance on crypto assets before it take its decision to regulate or restrict the sector. The country, that is already working on its CBDC, has agreed that more information about crypto adoption must be shared among nations so that logical decisions could be made. The discussion opened during a virtual summit organized...
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Crypto Tax Amendments Approved by Lok Sabha, Set to Be Implemented Starting April 1
Taxation of virtual digital assets (VDAs) or "crypto tax" proposed in the Union Budget 2022-23 is set to be implemented from April 1, as the Lok Sabha passed the Finance Bill, 2022.
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Crypto Mining Cost Not Allowed as Deduction Under I-T Act: Finance Ministry
Cost incurred in the mining of cryptocurrencies or any virtual digital assets (VDA) will not be allowed as deduction under the Income Tax Act, Minister of State for Finance Pankaj Chaudhary said on Monday.
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India's Advertisement Watchdog Issues 12-Point Guideline for Crypto, NFT Ads
The Advertisements Standards Council of India or ASCI has issued guidelines for advertising virtual digital assets (VDAs) like cryptocurrencies and non-Fungible Tokens (NFTs).
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Cryptocurrency Investment 101: How to Calculate Moving Average and Why is it Important
Cryptocurrency investors can benefit from some of the tips, such as calculating moving average of an asset, used in the world of finance. Here’s how to calculate a moving average of a virtual currency or a crypto token and why is it important.
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Crypto Or Virtual Assets Not Regulated In India: Minister Pankaj Chaudhary
The question of the legality or illegality of specific crypto platforms does not arise as of date as crypto or virtual assets are not regulated in India, Minister of State for Finance Pankaj Chaudhary told Parliament on Monday.
-
Income Tax Bill 2025 Clarifies Virtual Digital Asset Definition, Includes NFTs: Key Details
The Income Tax Bill 2025 classifies any cryptographically generated code, number, or token representing inherent value as part of the country's VDA ecosystem.
-
Probe Agency Seizes Rs 1,144 Crore In Crypto Fraud Cases, WazirX Gets Notice
The Enforcement Directorate (ED) has seized proceeds of crime amounting to Rs 1,144 crore and arrested 20 people in cases related to frauds in cryptocurrency or virtual digital assets, Minister of State for Finance Pankaj Chaudhary said on Monday.
-
Enforcement Directorate Probing Several Cryptocurrency, Digital Currency Fraud Cases: MoS Finance
The Enforcement Directorate (ED) has has attached, seized, or frozen proceeds of crime amounting to Rs 936.89 crore as on January 31, Minister of State for Finance Pankaj Chaudhary said in a written reply to the Lok Sabha on Monday. The minister also said the ED is probing several cryptocurrency and digital fraud cases in the country, while some cr...
-
Crypto Exchanges, Virtual Digital Asset Intermediaries Must Perform KYC of Clients: Finance Ministry
Crypto exchanges and firms dealing with virtual digital assets must perform KYC of their clients and users on the platform, under new rules notified by the Finance Ministry earlier this week. Entities dealing in virtual digital assets are now considered 'reporting entities' under the Prevention of money laundering Act (PMLA).
-
Australian Government Prepares for Virtual Crypto Stocktake Ahead of Plans for Sector Regulation
Australia’s Treasury, or Department of the Treasury, "token mapping", or cataloguing the types and uses of digital currency owned within the country, as a first step to identifying which cryptocurrency assets to regulate. The government is preparing for the virtual stocktake of the country's cryptocurrency holdings before it regulates the $1 tril...
-
What You Need to Know About Crypto, NFT Laws in India
The Income Tax Department has come out with detailed disclosure requirements for TDS deductions for virtual digital assets, under which date of transfer and mode of payment will have to be specified. The 2022-23 Budget has brought in clarity with regard to levy of income tax on crypto assets. From April 1, a 30 percent I-T plus cess and surcharges,...
-
IT Department Notifies TDS Disclosure Requirements for Crypto, Virtual Digital Assets
The income tax department has announcement TDS disclosure requirements for cryptocurrency, virtual digital assets. From July 1, 1 percent TDS will be charged on payments towards virtual digital assets or cryptocurrencies beyond Rs 10,000 in a year.
-
Tanzania Calls for Distinct Global Consensus on Crypto Assets, CBDCs During IMF Meet
Tanzania has asked for a global stance on crypto assets before it take its decision to regulate or restrict the sector. The country, that is already working on its CBDC, has agreed that more information about crypto adoption must be shared among nations so that logical decisions could be made. The discussion opened during a virtual summit organized...
-
Crypto Tax Amendments Approved by Lok Sabha, Set to Be Implemented Starting April 1
Taxation of virtual digital assets (VDAs) or "crypto tax" proposed in the Union Budget 2022-23 is set to be implemented from April 1, as the Lok Sabha passed the Finance Bill, 2022.
-
Crypto Mining Cost Not Allowed as Deduction Under I-T Act: Finance Ministry
Cost incurred in the mining of cryptocurrencies or any virtual digital assets (VDA) will not be allowed as deduction under the Income Tax Act, Minister of State for Finance Pankaj Chaudhary said on Monday.
-
India's Advertisement Watchdog Issues 12-Point Guideline for Crypto, NFT Ads
The Advertisements Standards Council of India or ASCI has issued guidelines for advertising virtual digital assets (VDAs) like cryptocurrencies and non-Fungible Tokens (NFTs).
-
Cryptocurrency Investment 101: How to Calculate Moving Average and Why is it Important
Cryptocurrency investors can benefit from some of the tips, such as calculating moving average of an asset, used in the world of finance. Here’s how to calculate a moving average of a virtual currency or a crypto token and why is it important.
