Auto Added by WPeMatico

Binance Sees Record Increase in Indian Users After Government Starts Imposing New Crypto Tax

The number of Indian users on cryptocurrency exchange Binance has soared after the Indian government began levying taxes on crypto transactions. Meanwhile, daily trading volumes at some major India-based cryptocurrency…

Continue ReadingBinance Sees Record Increase in Indian Users After Government Starts Imposing New Crypto Tax

Parliament Member Says 1% TDS Will Kill Crypto Asset Class in India, Urges Government to Reconsider

An Indian parliament member has warned that imposing a 1% tax deducted at source (TDS) on every crypto transaction will kill the nascent asset class. This tax provision is contained…

Continue ReadingParliament Member Says 1% TDS Will Kill Crypto Asset Class in India, Urges Government to Reconsider