Page 59 - Cryptocurrency

Crytocurrency tax: How will the Budget 2022 rules impact crypto investors?

A highlight of Budget 2022 was the proposal to levy 30% tax on gains from transfer of digital assets and 1% TDS on payments towards virtual currencies. What will be the impact on crypto investors?

We have been studying crypto sector for the past five years: JB Mohapatra

We now have sufficient working knowledge as to how the sector works, and in what manner surplus is being generated, says Mohapatra

Pune cop kidnapped crypto trader for $40 million Bitcoin ransom

A police constable accused of kidnapping a local cryptocurrency trader and demanding Bitcoin ransom worth $40 million has been arrested along with seven accomplices

LIVE: Rahul says judiciary, EC instruments of destroying voice of states

'Not only as India's Law Minister but also as an ordinary citizen, I condemn what Rahul Gandhi has said about India's judiciary and EC. Rahul Gandhi should immediately apologise,' tweets Kiren Rijiju

Budget 2022: RSS-linked body SJM offers some praise, flags some concerns

Lauds 30% crypto tax, push for domestic investment; laments little emphasis on middle class, small-scale industry

Bitcoin, Ethereum or NFT will never become legal tender: Finance Secretary

People investing in private crypto should understand that it is not having the authorisation of the government, says Finance Secretary T V Somanathan

Cryptocurrency to be taxed like gambling win, says top FinMin official

'We have now put in a taxation framework that treats crypto assets the same way we treat winnings from horse races, or from bets and other speculative transactions,' says Finance Secretary

Stand-up comedian Atul Khatri's take on best and worst of Budget 2022

The best thing has been the announcement of the national tele mental health programme for mental health counselling, says Khatri

Cryptocurrency tax: Budget 2022 proposals show India warming up to cryptos

Bitcoin rose more than 2% from the day's low following the taxation announcement

Cryptocurrency tax and Digital Rupee to spur adoption of cryptos: Industry

Clarity required on how digital collectibles like NFTs will be taxed, say experts

Cryptocurrency tax doesn't give legitimacy to private digital currency: FM

We are not taxing a currency (digital rupee) that is yet to be issued

Cryptocurrency tax: Relief for crypto investors as Budget ushers in norms

The FM has announced a 30 per cent tax on any income from the transfer of virtual/digital assets

Top headlines: Budget bets on public infra; FM says no crypto legitimacy

Finance Minister claims 'overall sharp rebound and recovery' of the Indian economy from the Covid-19 pandemic

The government has hit 5 sixes in a row with this Budget: Shankar Sharma

The markets gave a thumbs up to the budget. In an interview with Business Standard, Vice-Chairman and Joint Managing Director at First Global, Shankar Sharma, shared his views on this year's budget

The end: Facebook-backed digital currency Diem sold to bank

A once-ambitious but now faltering Facebook-backed digital currency project known as Diem is dead, its assets sold to bank holding company Silvergate Capital. Silvergate and the Diem Association announced the sale on Tuesday. Meta, which owns Facebook, did not immediately respond to a message for comment. Diem said it became clear from our dialogue with federal regulators that the project could not move ahead. As a result, the best path forward was to sell the Diem Group's assets and the project will wind down in the coming weeks. It's been clear for a while that Diem, which was first named Libra, was fighting an uphill battle with regulators. Meta has gradually distanced itself from the project. Last May, the Diem Association, which at the time included Facebook and 25 other companies entered a partnership with Silvergate Capital Corp. to issue a stablecoin backed by the US dollar. A stablecoin is a digital currency backed by real-world assets such as national currencies or other

Market wrap: Bulls cheer Budget 2022; Sensex, Nifty end 1.4% higher

Nifty Metal index soars 4%; Tata Steel, SAIL rally; ITC jumps to 7-week high as no tobacco tax relieves investors; Sun Pharma hits new 52-week high post Q3 results; Govt brings cryptos under tax net

Budget 2022: India catches up with global fad of digital currency

Crypto or digital currencies are the latest fad across the world and India will next fiscal, beginning April 1, have its own version of the same

What Budget 2022 holds for the individual taxpayer and the investor

While there was no change in the slabs and no deductions whatsoever, there was some relief for taxpayers who make a mistake in filing income-tax

Digital Rupee proposed to be introduced by RBI from 2022-23: Sitharaman

Digital Rupee is proposed to be introduced by RBI using blockchain technology starting from 2022-23, Finance Minister Nirmala Sitharaman said on Tuesday.

Budget 2022: Sitharaman says RBI to launch digital cryptocurrency

India's central bank has voiced 'serious concerns' around private cryptocurrencies on the grounds that these may cause financial instability