Rules & Regulations
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Public interest in Cryptocurrencies, such as Bitcoin and Ethereum, has recently surged as multiple industries have been exploring how to capitalize off the new technology. As public interests increase, new uses for cryptos develop almost every day. As new uses of cryptocurrencies emerge, so too do its potential legal liabilities. Let’s take a look at some common legal issues related to cryptocurrencies. Keep following
Regulatory Authorities: The Reserve Bank of India (RBI) manages banks that service crypto platforms, while the Securities and Exchange Board of India (SEBI) oversees crypto-linked securities. The government also actively enforces Prevention of Money Laundering Act (PMLA) requirements for all crypto businesses.
TDS: A 1% Tax Deducted at Source (TDS) applies to crypto transactions,
Binance to pay FIU-IND Rs 18.82 crore fine to restart India operations The latest notification said, “After considering the written and oral...
The journey of cryptocurrencies in India hasn’t been short of a roller-coaster ride. From facing a ban to now being on the verge of strict...
Look before you leap! Before investing in a cryptocurrency, be sure you understand how it works, where it can be used, and how to exchange it....
Friends, here is a new forum to discuss financial investments and new trends. A Crypto Forum for Thought-Provoking Conversations Our intention...
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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