Tag India

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India Plans to Impose a 30% Crypto Tax

The global digital asset heatwave is causing many governments to watch and look for ways to control the digital asset markets, especially the cryptocurrency market. The latest country to enact a tax rule is India, where the crypto market has…

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COVID-19 Dampens Gold Demand in India

In India, the world’s second-largest gold-buying country, gold demand has declined as people forgo large weddings due to the spread of COVID-19. Traditionally, Indian gold demand comes mainly from wedding ceremonies. However, the spread of COVID-19 has affected the convenient…

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Indian Crypto Service Providers Raided

Officials from the Directorate General of GST Intelligence in India were able to detect goods and services tax evasion worth 70 million rupees, according to official reports. Coinswitch Kuber, CoinDCX, BuyUCoin, and Unocoin were investigated. Based on official sources, they…

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IMF Recommends India to Crypto Regulation

The International Monetary Fund (IMF) in the form of Gita Gopinath recommends that the Indian government should move away from the Crypto Ban and rather try to create regulations for the safe use of cryptocurrencies. She said, “Regulation is absolutely…

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India on China’s Crypto Tracks

It was not long ago that China declared war on cryptocurrencies and summarily banned them again. China, where once a large number of Bitcoin farms were, have all emigrated. Now the Indian government wants to ban trading in cryptocurrencies. This…

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