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Breaking🚨: UBS has agreed to acquire one of the largest banks in the world Credit Suisse for over $2 billion.
As of December 2022, Credit Suisse held $102M in “Digital assets” for their clients.
As of December 2022, Credit Suisse held $102M in “Digital assets” for their clients.
Breaking🚨: The Reserve bank of India (RBI)🇮🇳 & Central bank of the United Arab Emirates (CBUAE)🇦🇪 sign MOU to promote Innovation in Financial services & products including:
CBDC & pilot experiments between the two central banks.
CBDC & pilot experiments between the two central banks.
Breaking🚨: All Silicon Valley bank depositors will have access to all money tomorrow (Monday- March 13)
“No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer”
“No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer”
Breaking🚨Biden’s new tax plan introduces tax increase:
⚡️Increases top tax rate from 37% to 39.6%.
⚡️Increases capital gains tax from 20% to 39.6% for those making over $1M.
⚡️removes ability to realize losses on crypto trades.
⚡️Increases corporate tax rate from 21% to 28%
⚡️Increases top tax rate from 37% to 39.6%.
⚡️Increases capital gains tax from 20% to 39.6% for those making over $1M.
⚡️removes ability to realize losses on crypto trades.
⚡️Increases corporate tax rate from 21% to 28%
Breaking🚨: The President of United States of America 🇺🇸 Joe Biden calls to double down capital gains tax from 20% to 40%
The new tax rules also removes the ability to Tax-loss harvest🤯
The new tax rules also removes the ability to Tax-loss harvest🤯
Major breaking🚨: The Government of India 🇮🇳 has officially announced that all Crypto businesses (exchanges, custodians, wallet providers etc) would come under PMLA (Prevention of money laundering act 2022)
This is a huge step for Crypto regulatory clarity in India🔥
This is a huge step for Crypto regulatory clarity in India🔥
Breaking🚨: The minister of State for electronics & IT India 🇮🇳 Shri Rajeev Chandrasekhar talks about CRYPTO & CBDC
“Indian ecosystem requires stable evolution of digital payments & don’t want any incidents to happen”
The way forward is the Digital rupee e₹
Thought?
“Indian ecosystem requires stable evolution of digital payments & don’t want any incidents to happen”
The way forward is the Digital rupee e₹
Thought?
Breaking🚨: Russia 🇷🇺 will launch its first mutual investment fund dedicated to bitcoin & crypto mining
Russia is also G20 India🇮🇳 member.
Russia is also G20 India🇮🇳 member.
Happy Holi everyone! 🎉🎨
No matter how old we get, the thrill of playing with colours brings out the child in us.
Don’t let CRYPTO taxes ignore the child in you. Let’s embrace the spirit of joy, happiness & togetherness with our loved ones.
No matter how old we get, the thrill of playing with colours brings out the child in us.
Don’t let CRYPTO taxes ignore the child in you. Let’s embrace the spirit of joy, happiness & togetherness with our loved ones.
Breaking🚨: The Reserve Bank of India(RBI)🇮🇳 Deputy governor T.Rabi Sankar says:
“The Digital rupee e₹ should be able to do anything CRYPTO can do but without associated risks of Crypto”
“The Digital rupee e₹ should be able to do anything CRYPTO can do but without associated risks of Crypto”
Advance TAX in INDIA (All you need to know)
Important🚨: The CRYPTO community had many questions about the advance tax. The advance tax season is also here, and the last date to file advance taxes is March 15, 2023.
In this post, you will get to know everything about advance tax.
What is Advance Tax?
Advance tax means income tax should be paid in advance instead of a lump sum at year's end. It is also known as "pay as you earn tax." These payments have to be made in installments as per the due dates provided by the income tax depa
In this post, you will get to know everything about advance tax.
What is Advance Tax?
Advance tax means income tax should be paid in advance instead of a lump sum at year's end. It is also known as "pay as you earn tax." These payments have to be made in installments as per the due dates provided by the income tax depa
Breaking🚨: Reserve Bank of India (RBI)🇮🇳 Executive Director Ajay Kumar Choudhary says:
“India’s Central Bank Digital currency (e₹) will act as an alternative to CRYPTO”.
Thoughts?
“India’s Central Bank Digital currency (e₹) will act as an alternative to CRYPTO”.
Thoughts?
Breaking🔥: The Securities & exchange commission of Brazil (CVM) announces a project-
“Open capital market” which brings Decentralised finance (defi) to the capital markets.
Brazil is also a G20 india 🇮🇳 member
“Open capital market” which brings Decentralised finance (defi) to the capital markets.
Brazil is also a G20 india 🇮🇳 member
Expert Insight: Navigating Crypto Gift Taxes in India
The rise of virtual digital assets (VDA) like Bitcoin, Ethereum, and NFTs has introduced a new method of gifting. But, the taxation of these digital gifts can be a complex maze as they could be taxable. Let us help you unravel the complexities of the Indian tax system and help you gift and receive cryptocurrencies and tokens with ease.
In the previous Budget 2022, the finance minister outlined the rules for taxing these types of assets, including provisions for taxing gifts of cryptocurrency, N
In the previous Budget 2022, the finance minister outlined the rules for taxing these types of assets, including provisions for taxing gifts of cryptocurrency, N
Major Breaking: The IMF just released a detailed article on Cross-border payments.
Crypto assets have been more of a disappointment than a revolution for many users, and global bodies like the IMF and the Financial Stability Board urge tighter regulation.
Some of the rapidly evolving technology behind crypto, however, may ultimately hold greater promise. The private sector keeps innovating and customizing financial services.
But the public sector too should leverage technology to upgrade its payment infrastructure and ensure interoperability, safety, and efficiency in digita
Some of the rapidly evolving technology behind crypto, however, may ultimately hold greater promise. The private sector keeps innovating and customizing financial services.
But the public sector too should leverage technology to upgrade its payment infrastructure and ensure interoperability, safety, and efficiency in digita
Are you Liable to pay Taxes on airdrops in India?
Unlock the hidden treasures of tax on airdrops in India - with our expert guide, you'll discover the legalities surrounding airdrop income and how to properly report it.
CONTENTS
So what are airdrops?
How to calculate your crypto airdrop income?
Applicable Tax clause on Crypto Airdrops
Real-life scenario(s) of tax computation on crypto airdrops
Some Ambiguities about Tax on Airdrops
Ways to reduce tax on crypto airdrops
Calculating Crypto Taxes with KoinX
The world of crypto ai
CONTENTS
So what are airdrops?
How to calculate your crypto airdrop income?
Applicable Tax clause on Crypto Airdrops
Real-life scenario(s) of tax computation on crypto airdrops
Some Ambiguities about Tax on Airdrops
Ways to reduce tax on crypto airdrops
Calculating Crypto Taxes with KoinX
The world of crypto ai