Globally, crypto assets are largely unregulated, with national operators in the EU only required to show controls for combating money laundering
The 1 per cent TDS will be levied on payments towards virtual digital assets or cryptocurrencies beyond Rs 10,000 in a year, according to the Section 194S in the I-T Act (as per the Finance Act, 2022)
Coinbase Tracer allows clients, in both government and the private sector, to trace transactions through Blockchain
Indian fintech industry value projected to hit $150 bn by 2025
Bitcoin - the dominant cryptocurrency - fell from a high of more than $67,000 to its current level just below $20,000.
Sudden plunge in crypto, which started in May amid a broader economic slowdown, complicates Pyongyang's ability to cash in on that and other heists, and may affect how it plans to fund its weapon prog
As of June 28, the company holds about 129,699 Bitcoin bought for about $3.98 billion, or $30,664 per coin, according to the filing
The crypto niche is on course to record its first month with under $1 billion in sales since June 2021, according to data tracker DappRadar
The merge finally happening would prove a big relief for ether, which has slumped on past delays and waning confidence in the upgrade
Crypto loans - particularly those in decentralized-finance apps that dispense with intermediaries like banks - often require borrowers to put up more collateral than the loan is worth
As cryptocurrencies get hammered in the economic meltdown, stablecoins -- whose value is pegged to another asset like a fiat currency or a commodity -- are also bad investments and are ill-suited as a form of money, Siddharth Tiwari, the Asia-Pacific head of the Bank of International Settlements (BIS), has said.
Those who don't anything to do with this highly volatile asset class may also throw in the towel
A New York court case shows how law enforcement agencies can use tech platforms to bring cybercriminals to book, reports Shivani Shinde
The environment, of course, has been strained by a number of hacks, as well as combustions of stablecoin projects and foldings of big-name crypto hedge funds
Leading crypto change is reportedly acquiring a stake in the beleaguered crypto lending firm BlockFi, as the crypto industry faces meltdown
Chinese state-run newspaper The Economic Daily earlier justified China's ban on cryptocurrency trading by taking examples of the collapse of stablecoins terraUSD and luna whose value reached zero.
North Korea's hackers have been become increasingly sophisticated over the past decade, managing to steal an estimated $2 billion worth of cryptocurrency to date
How's Sri Lankan crisis impacting Indian businesses? What's next for cryptos in India after TDS clarity? Will rising interest rates affect HFCs? How is the President of India elected? Answers here
The change comes after the company on Wednesday said its subsidiary may issue a default notice to Three Arrows Capital Ltd if the cryptocurrency hedge fund fails to repay its loan
From TDS levy on cryptocurrencies to GST rate of over 200 items staying the same, here are the top headlines on Thursday morning