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Indian cryptocurrency exchange WazirX on Tuesday launched WazirX AI, an artificial-intelligence trading assistant that combines market research, portfolio analysis and trade preparation in a single conversational interface. Integrated into WazirX's app and website, the tool allows users to ask questions about live crypto prices, market news and macroeconomic developments, receive analysis with supporting charts, review their portfolios and approve trades without switching between charts, news feeds and trading screens, according to a company statement. The AI assistant follows an "Ask-Understand-Decide" model, coordinating market-data, technical-analysis, portfolio and order-management functions across multi-step requests. "Crypto markets operate 24/7, but traders should not have to spend their day moving between charts, news feeds and trading screens," said Nischal Shetty, founder, WazirX. "WazirX AI combines market research, portfolio monitoring and trade preparation into one ...
India's Gen Z is entering financial markets earlier and increasingly using cryptocurrency as a gateway to investing, while showing a preference for diversified portfolios and a willingness to stay invested through market volatility, data from crypto exchange WazirX showed. Nearly 44.4 per cent of Gen Z investors on the platform began their investment journey through crypto, suggesting that a large share of young investors are entering financial markets through digital assets rather than adding crypto to established portfolios. The median age of Gen Z investors on WazirX is 25, while the generation accounted for 72 per cent of all new investors on the platform in the first half of 2026. Gen Z also made up 32.1 per cent of active traders, the company said. The trend is spreading beyond India's largest cities. Nearly 80 per cent of WazirX's Gen Z users come from outside the country's top 10 cities, highlighting the growing participation of investors from Tier-2 and Tier-3 centres. Mumb
Indian cryptocurrency exchange WazirX on Tuesday launched Taxlyst, a free tax reporting platform that allows investors to generate tax reports from transactions across multiple crypto exchanges ahead of India's income tax filing deadline. The exchange said the platform is designed to simplify crypto tax calculations by enabling users to upload transaction histories from any exchange and generate reports on gains, losses and tax liabilities within minutes. Taxlyst automatically analyses trading activity and produces reports including virtual digital asset (VDA) gains and losses, estimated tax liability, futures profit and loss statements, exchange-wise transaction summaries and Schedule VDA-ready reports for income tax filings. For spot transactions, the platform uses the First In, First Out (FIFO) method to calculate gains and losses. The tool also allows users to download detailed reports, including transaction histories, futures profit and loss statements, USDT-INR conversion ...
The Central Board of Direct Taxes (CBDT) has issued a guidance note specifying that crypto exchanges and other intermediaries will have to report all transactions on their platforms to the Income Tax department. The objective of the guidance note on crypto asset reporting obligations is to bridge the information gap that existed because such assets could be transferred or held outside the traditional financial system. It is more procedural in nature while ensuring that crypto transactions become part of a transparent global tax reporting ecosystem. The note intends to explain the reporting obligations of Reporting Crypto-Asset Service Providers (RCASP) in line with the Crypto-Asset Reporting Framework (CARF) developed jointly by the Organisation for Economic Cooperation and Development (OECD) and participating countries, including India. The CARF is a global tax transparency framework which provides for the automatic exchange of tax-relevant information on transactions in crypto ..