Page 27 - Cryptocurrencies

New crypto tax law discriminatory in treating different assets differently

Since 1956, all Indian governments have thought that economic discrimination is fine, but political or social discrimination is not

Govt should come out with legislation on crypto soon: Cong MP Gaurav Gogoi

The government is still sending mixed signals on virtual digital assets and there should be clarity on the definition of crypto, he said while initiating a debate on the Finance Bill in Lok Sabha

FinMin proposes changes to Finance Bill for crypto assets' taxation

FM Sitharaman is expected to move an amendment clarifying that no tax deduction or set off would be available in place of mining cost of crypto assets and other VDAs or losses from their transfer

FinMin proposes amendments, seeks to tighten norms for crypto taxation

The government on Thursday proposed to tighten the norms for taxation of cryptocurrencies by disallowing set off of any losses with gains from other virtual digital assets

Crypto industry miffed by govt's position on barring tax deductions

Losses from one kind of VDA like cryptos and NFTs can't be set off against gains from another. Infra cost in mining such assets won't be allowed to be used for availing any deductions

Be ready to lose all your money in crypto, warn EU regulators

Consumers should be particularly wary of promised fast or high returns, especially those that look too good to be true, the EU's securities, banking and insurance watchdogs said in a joint statement

Top headlines: LIC may have to be revalued, Russia-Ukraine to hold talks

RBI has publicly expressed strong reservations against permitting cryptocurrencies

Tug-of-war between newbies & top 1% has Bitcoin range-bound

Bitcoin's been clinging to a range between $32,000 and $47,000, which is proving tricky to break out of

Finance ministry working on consultation paper to deal with cryptoassets

RBI has publicly expressed strong reservations against permitting cryptocurrencies

Bitcoin drops below $40,000 as Biden-inspired optimism fades

Most of the top cryptocurrencies were down at least slightly in the 24 hours to 4:15 p.m. Hong Kong time

Bitcoin tops $42,000 as Yellen lauds 'historic' crypto overhaul

Yellen praised an upcoming order from Biden in a statement on Treasury's website that was later removed, saying it strikes the right balance between fostering innovation and addressing potential risks

Richard Turrin on China's official digital currency

In a chat with Business Standard's Vikram Gopal, author and fintech expert Richard Turrin tells about how China is moving ahead with its digital currency. He also clears some air on its Indian version

18% of super-rich Indians invested in cryptos, NFTs last year: Report

In its Wealth Report released on Tuesday, Knight Frank said 18 per cent global UHNWIs now own cryptocurrencies or tokens, and 11 per cent have invested in NFTs (non-fungible tokens)

Bitcoin hovers around $39K amid talks of Russia-Ukraine dialogue

Earlier, the global crypto market lost nearly 10 per cent of its value as Russia invaded Ukraine on Thursday

Indian founder of cryptocurrency company indicted for $2.4 bn fraud

The founder of cryptocurrency investment platform BitConnect, an Indian national, has been indicted on charges of orchestrating a global Ponzi scheme worth $2.4 bn, federal prosecutors said.

Russia-Ukraine crisis: Bitcoin and other cryptocurrencies plummet

The traditional safe haven gold, meanwhile, surged to the highest level since early 2021 on Thursday

Cryptos: Bitcoin, Ether dive as Russia's assault on Ukraine rocks markets

The largest token fell as much as 8.5% to $34,337 after Vladimir Putin's push to demilitarise Ukraine started with a barrage of missile attacks on Thursday

On cryptocurrencies India is choosing to incrementally confuse

If the government decides to ban cryptocurrencies, it is going to have to fight an uphill battle as banning them will lead to a profusion of illegal ways in which people access them.

Biden may issue executive order on regulating cryptos this week: Report

The Biden administration had in September last year, released recommendations proposing that only banks be allowed to issue stablecoins

Top headlines: Ukraine fears lift oil to 7-yr high; Swiggy eyes $800-mn IPO

Business Standard brings you the top headlines on Tuesday