Decrypt Media: India Proposes 30% Tax on Crypto Income, Announces Digital Rupee Launch

Coingape: Breaking: India Announces 30% Tax on Crypto Profits, the Highest Tax Band In the Country

Tuesday, 01 February 2022 07:51

Profits derived from trading Crypto Assets will attract 30% taxes, Indian Finance Minister Nirmala Sitharaman made an announcement while addressing the budget session earlier today, February 1. This clears the air on crypto taxation which has previously kept investors on tenterhooks. The Finance Minister said: There has…

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cryptodaily.co.uk: Litecoin Releases Highly Anticipated Mimblewimble Upgrade

Tuesday, 01 February 2022 07:54

Litecoin has finally released its Mimblewimble upgrade after two years of development. The launch of Mimblewimble brings to the Litecoin network more privacy-oriented transactions at a time when regulators have increased scrutiny of protocols that promote anonymity. A Significant Upgrade Mimblewimble was integrated into Litecoin through the…

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BeInCrypto: Thailand Drops 15% Crypto Tax After Pushback From Public

Tuesday, 01 February 2022 08:02

Thailand has decided to do away with its 15% cryptocurrency capital gains tax for the moment after it received heavy opposition from the public. The post Thailand Drops 15% Crypto Tax After Pushback From Public appeared first on BeInCrypto.

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The Block: India to tax crypto income at 30%, launch CBDC in the fiscal year 2023

Tuesday, 01 February 2022 08:30

India has provided a much-anticipated clarity on crypto taxation in its Union Budget for the fiscal year 2022-23. The post India to tax crypto income at 30%, launch CBDC in the fiscal year 2023 appeared first on The Block.

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The Cryptonomist: Thailand stopping the tax on Bitcoin trading

Tuesday, 01 February 2022 09:17

The capital gains tax remains The post Thailand stopping the tax on Bitcoin trading appeared first on The Cryptonomist.

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Coingape: Just-In: Crypto Becomes Legal In India, Here’s All You Need To Know

Tuesday, 01 February 2022 09:19

The festival for crypto fans is finally coming to an end in India. India on Tuesday proposed the launching of the digital Rupee by next year. It also proposes a 30% income tax on earnings from the transfer of virtual digital assets such as cryptocurrencies and NFT’s.…

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ZyCrypto: A 30% Tax-On-Gain Likely For All Cryptocurrencies As India Prepares To Launch Digital Rupee

Tuesday, 01 February 2022 10:07

India is set to launch its digital rupee in 2022, making it the tenth country to venture into CBDCs. The disclosure, which was included in its 2022 Union Budget, was made known by Nirmala Sitharaman, the country’s finance minister. Speaking to a house full of parliamentarians, Sitharaman…

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The Block: Bitcoin worth $2.5 billion moved by 2016 Bitfinex hackers: Almost all funds now transferred

Tuesday, 01 February 2022 10:55

Bitfinex hackers who stole funds from the crypto exchange in 2016 have moved 64,643 bitcoins (worth nearly $2.5 billion at current prices). The post Bitcoin worth $2.5 billion moved by 2016 Bitfinex hackers: Almost all funds now transferred appeared first on The Block.

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cryptodaily.co.uk: Visa Earnings Report Highlights Surge In Crypto Asset Purchases

Tuesday, 01 February 2022 11:00

Payments technology firm Visa's latest earnings report shows that spending for crypto assets through its cards has surged in the first fiscal quarter of the year, with over $2.5 billion spent in transactions between October to December of 2021. "People are using crypto-linked cards to spend in…

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