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Cryptocurrency assets will be taxed: From 1st April 2022, some changes in the income tax rules announced by Finance Minister Nirmala Sitharaman while presenting Union Budget 2022 will get implemented. One of them is a tax on cryptocurrency and other digital assets.
Mr Ferrer explains.
Hours after Surojit Chatterjee’s announcement, the central bank-backed entity that runs the system — called United Payments Interface — said it was “not aware” of any crypto exchange using the network. Within three days of the event, Coinbase had halted rupee transfers to its trading app via UPI.
The metaverse and cryptocurrency seem to be concepts that go hand-in-hand – virtual worlds and virtual money to spend in them. Both form an integral part of what is being hyped these days as “web3
The undisclosed future still remains behind the curtains. But ever wondered what does the crypto-world mean for us Indians and what is the future of cryptocurrency in India? Umesh Prajapati and Pramod Yadav, the co-founders of SunCrypto, a Jaipur based firm answer. Is there any ban lurking ?
Visit a mid-sized store in an Indian city, and you’d wonder if it exists to make any money. It might just as well be there to process transactions for half-a-dozen payment apps: PhonePe, Paytm, Google Pay, BharatPe, Amazon Pay and MobiKwik. A third of India’s 60 million-plus small businesses are using an average of four different platforms, according to Raman Khanduja, the chief executive officer of Mintoak, a Mumbai-based fintech.
December 15, 2022
December 15, 2022
December 15, 2022