Virtual Digital Assets News Today

Crypto mining cost not to be allowed as deduction under IT Act : Rashtra News #Crypto #mining #cost #allowed #deduction #Act Infrastructure cost incurred in the mining of cryptocurrencies or any virtual digital assets will not be allowed as deduction under the Income Tax Act, Minister of State for Finance Pankaj Chaudhary said on Monday.

The report, independently reviewed and validated on-chain, confirms that the company's total holdings of cryptocurrency and Indian Rupees (INR) surpass its customers' balances.

Mudrex celebrates Bitcoin Pizza Day in Bengaluru by distributing pizzas to children, startups, and food lovers, partnering with WeWorks and Zomato. Edul Patel shares insights on Bitcoins journey from the first real-world transaction in 2010 to current regulatory trends, including SEBIs stance.

Implementing regulation solely within one country without a global consensus on a borderless technology won't be effective

In a significant development within Indias crypto landscape, the Securities and Exchange Board of India (SEBI) has recommended several regulators oversee crypto trade nationwide.

​​As the global crypto asset market progresses, India finds itself at a pivotal juncture. Theres an opportunity to chart a course that delicately balances innovation in this nascent but super exciting sector, together with risk management, while drawing invaluable insights from the regulatory experiences of other nations.

Binance re-enters Indian market after paying $2M penalty for violating compliance laws. Strong regulatory stance aims to prevent financial system risks.

KuCoin has announced the implementation of a 1% Tax Deducted at Source (TDS) for its users in India. This development follows the successful registration of…

No more Shopee-ing in India! : Rashtra News #Shopeeing #India This is Digbijay in Bengaluru. There is never ever a dull moment in Indian e-commerce.Singapore’s ecommerce firm Shopee abruptly decided to shutter its India operations earlier this week, reported first by us.It was quite sudden for us as reporters, as well. We were in the

FinMin proposes amendments to Finance Bill; seeks to tighten norms for cryptocurrency taxation : Rashtra News #FinMin #proposes #amendments #Finance #Bill #seeks #tighten #norms #cryptocurrency #taxation The government on Thursday proposed to tighten the norms for taxation of cryptocurrencies by disallowing set off of any losses with gains from other virtual digital assets. As per