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India regulates cryptocurrencies under anti-money laundering laws. Transactions must be declared in income tax returns, and failure to do so may invite penalties under the Prevention of Money Laundering Act, 2002
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Legal Standing: Crypto is considered a VDA or virtual property, not currency or legal tender.
Binance to pay FIU-IND Rs 18.82 crore fine to restart India operations The latest notification said, “After considering the written and oral...
Just H old, Don't Sell: No tax is applicable on holding cryptocurrency or transferring it between your own wallets. Tax is only triggered upon...
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