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Almost 158 crore were deducted as TDS on the transfer of virtual digital assets in 2022-23 which includes crypto, says govt in Parliament
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Almost 158 crore were deducted as TDS on the transfer of virtual digital assets in 2022-23 which includes crypto, says govt in Parliament
Although WazirX and CoinDCX have registered with the FIU, the status of other entities is unclear while registration is mandatory
The move offers clarity to crypto entities who will now have to maintain records & conduct due diligence as part of their compliance.
This can be a setback to Binance in terms of its growth prospects and holding investor confidence
Binance terminated its wallet services to WazirX after an ultimatum to retract "misleading" statements on ownership and control of the Indian exchange
We talked to experts about the protections that Indian crypto investors have against this situation, and unsurprisingly, found very little
The company has made its list of wallet addresses and exchanges public besides an independent report on its proof of reserves.
Terming the RBI Governor's latest comments "unbalanced", he rejected claims of a 'crypto winter' and called for being "clear on policy first"
Shaktikanta Das frowns on cryptocurrencies again, saying they should be "prohibited", while claiming that CBDC will be the norm in the future
Cases of evasion of Goods and Services Tax by crypto exchanges have also been recorded, the response read.
