Virtual Digital Assets
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AAP MP Raghav Chadha Urges Centre To Legalise Virtual Digital Assets
MP Raghav Chadha today said India taxes Virtual Digital Assets - which include cryptocurrencies, stablecoins, and tokenised assets - like they are legal but regulates them like they are illegal, urging the government to bring in rules to protect them
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Tether Inks MoU With Republic of Guinea to Boost Blockchain Adoption
In an announcement released on February 17, Tether said it will work with Guinea to ensure that its engagement with blockchain and virtual digital assets (VDAs) is facilitated safely. A key area of focus for Guinea’s partnership with Tether will be on growing blockchain expertise in the country.
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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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EBA Establishes Stricter Oversight for Firms Handling Crypto-Assets and Payments: Details
The European Banking Authority (EBA) has directed payment service providers to screen all firms seeking to register their businesses in EU member states. Additionally, EU lawmakers have mandated that virtual digital asset service providers (VASPs) conduct comprehensive due diligence, including detailed risk assessments.
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Government Imposes Anti-Money Laundering Provisions on Crypto Sector in India: Details
The Finance Ministry on Tuesday announced that it was applying anti-money laundering legislation to crypto trading, safekeeping and related financial services. The government has already levied more stringent tax rules on the crypto sector, including applying a levy on trading in 2022.
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India Should Consider Lowering TDS Rate on Cryptocurrency Trade to Stem Flight of Capital, Users: Report
India should consider lowering the 1 percent TDS imposed on cryptocurrency transactions, according to a joint report Chase India and Indus Law. The government, from April 1 last year, has brought in a 30 per cent income tax plus surcharge and cess on transfer of virtual digital assets (VDAs), including cryptocurrencies, like Bitcoin, Ethereum, Teth...
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Crypto Seen as Viable Retirement Plan by Nearly 50 Percent Millennials, Gen Zs in US: Report
Around 45 percent Millennials and 46 percent of the Gen Z population are approaching cryptocurrencies as a retirement plan in the US. The change in the way younger generations is changing jobs and reconsidering financial priorities has been ushered in during the pandemic.
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CryptoCom Grabs Virtual Asset Service Provider License in South Korea
CryptoCom has bagged approvals to operate as a virtual assets service provider in South Korea. The development comes after CryptoCom also acquired two South Korean firms, payment service provider PnLink and virtual asset provider OK-Bit, for an undisclosed amount of capital.
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Bison Bank Becomes Portugal’s Legit Virtual Asset Service Provider, Central Bank Gives Approval
The central bank of Portugal, also called the Banco de Portugal, has given its nod to Bison Bank to operate as a virtual asset service provider. With this, Bison Bank has become Portugal’s first lender to score this license. Previously, crypto exchanges Criptoloja and Mind The Coin, along with a Portugal-based on-chain crypto payments firm Utrust...
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India’s Crypto Tax Comes Into Effect Today, Violators Stare at Jail Time Up to 7 Years
Crypto community in India has finally stepped into a tax regime today (April 1). A 30 percent tax will now be deducted from crypto profits, as per Finance Minister Nirmala Sitharaman’s instructions. Rule breakers could be subject to serious legal troubles. Members of India’s law fraternity believe these rules were much needed and are coming at ...
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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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AAP MP Raghav Chadha Urges Centre To Legalise Virtual Digital Assets
MP Raghav Chadha today said India taxes Virtual Digital Assets - which include cryptocurrencies, stablecoins, and tokenised assets - like they are legal but regulates them like they are illegal, urging the government to bring in rules to protect them
-
Tether Inks MoU With Republic of Guinea to Boost Blockchain Adoption
In an announcement released on February 17, Tether said it will work with Guinea to ensure that its engagement with blockchain and virtual digital assets (VDAs) is facilitated safely. A key area of focus for Guinea’s partnership with Tether will be on growing blockchain expertise in the country.
-
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.
-
EBA Establishes Stricter Oversight for Firms Handling Crypto-Assets and Payments: Details
The European Banking Authority (EBA) has directed payment service providers to screen all firms seeking to register their businesses in EU member states. Additionally, EU lawmakers have mandated that virtual digital asset service providers (VASPs) conduct comprehensive due diligence, including detailed risk assessments.
-
Government Imposes Anti-Money Laundering Provisions on Crypto Sector in India: Details
The Finance Ministry on Tuesday announced that it was applying anti-money laundering legislation to crypto trading, safekeeping and related financial services. The government has already levied more stringent tax rules on the crypto sector, including applying a levy on trading in 2022.
-
India Should Consider Lowering TDS Rate on Cryptocurrency Trade to Stem Flight of Capital, Users: Report
India should consider lowering the 1 percent TDS imposed on cryptocurrency transactions, according to a joint report Chase India and Indus Law. The government, from April 1 last year, has brought in a 30 per cent income tax plus surcharge and cess on transfer of virtual digital assets (VDAs), including cryptocurrencies, like Bitcoin, Ethereum, Teth...
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Crypto Seen as Viable Retirement Plan by Nearly 50 Percent Millennials, Gen Zs in US: Report
Around 45 percent Millennials and 46 percent of the Gen Z population are approaching cryptocurrencies as a retirement plan in the US. The change in the way younger generations is changing jobs and reconsidering financial priorities has been ushered in during the pandemic.
-
CryptoCom Grabs Virtual Asset Service Provider License in South Korea
CryptoCom has bagged approvals to operate as a virtual assets service provider in South Korea. The development comes after CryptoCom also acquired two South Korean firms, payment service provider PnLink and virtual asset provider OK-Bit, for an undisclosed amount of capital.
-
Bison Bank Becomes Portugal’s Legit Virtual Asset Service Provider, Central Bank Gives Approval
The central bank of Portugal, also called the Banco de Portugal, has given its nod to Bison Bank to operate as a virtual asset service provider. With this, Bison Bank has become Portugal’s first lender to score this license. Previously, crypto exchanges Criptoloja and Mind The Coin, along with a Portugal-based on-chain crypto payments firm Utrust...
-
India’s Crypto Tax Comes Into Effect Today, Violators Stare at Jail Time Up to 7 Years
Crypto community in India has finally stepped into a tax regime today (April 1). A 30 percent tax will now be deducted from crypto profits, as per Finance Minister Nirmala Sitharaman’s instructions. Rule breakers could be subject to serious legal troubles. Members of India’s law fraternity believe these rules were much needed and are coming at ...
-
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.
