indiaceyptotax
491,158 views
74 Posts
Hot
Latest
What You Think About Narendra Modi!
Share your Thoughts !!!!
#Review #Politics #narendramodi #indiaceyptotax
Share your Thoughts !!!!
#Review #Politics #narendramodi #indiaceyptotax
#bitcoin in india news
A cryptocurrency is a form of virtual asset based on a network that is scattered across a huge number of computers. It is a decentralized form that allows cryptocurrency to exist outside the control of the central government or authoritiesThe Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 was introduced in the Lok Sabha. The bill seeks to create a favorable framework for the creation of digital currency that will be issued by the Reserve Bank Of India (RBI). . Cryptocurrency Bill: Hereâs What The Ministry Of Finance Said On Crypto Bill In ParliamentThe Cryptocurrency Bill was scheduled in the year 2021, in the Winter Session of the Parliament but it didnât happen. However, in the current Lok Sabha session, the Ministry of Finance was questioned about the Bill. Cryptocurrency Bill: All Top Countries Where Crypto Is Legal, Illegal Or RestrictedCryptocurrency is a debatable topic ever since it was introduced. Some countries believe in the decentralized power of cryptocurrency and some donât. The legal status of crypto is different from country to country.Cryptocurrency is used anonymously to conduct transactions globally between account holders. This raises currency concerns for the governments of different countries. Some of the officials or legislators because of the lack of control and illicit ties may not support the use of cryptocurrency. The question was raised as to: What is the current status of the Cryptocurrency Bill? When will it be tabled and be open for inputs? Which ministry/department will regulate the virtual assets like cryptocurrencies, non-fungible tokens (NFTs) , decentralized applications, real estate tokens and other assets.#Write2Earn #Binance_NewToken #indiaceyptotax #TrendingTopic
The #Indian Crypto Revolution: A $91 Billion in Bitcoin $BTC Investment Dream" with it Benefit it will had Brought.
India's population: approximately 1.4 billion (2024 estimate)
Half of the population: 1.4 billion / 2 = 700 million
Investment amount: $130 per person
Total investment: 700 million x $130 = $91 billion
Assuming an average annual return of 11% (as discussed earlier), the total investment would grow to:
$91 billion x (1 + 0.11) ^ 6 (compounded annually for 6 years) â $231.4 billion
So, the total profit would be:
$231.4 billion - $91 billion = $140.4 billion
If half of India's population were to invest in cryptocurrency, it could bring numerous benefits, including:
1. *Financial Inclusion*: Cryptocurrencies offer access to financial services for the unbanked and underbanked population.
2. *Economic Growth*: The influx of investments could boost India's economy and create new opportunities.
3. *Job Creation*: The crypto industry could generate employment opportunities in fields like development, trading, and finance.
4*Technological Advancements*: The demand for crypto-related services could drive innovation and improvement in blockchain technology.
5. *Government Revenue*: Taxation of crypto gains could generate significant revenue for the government.
6.*Global Recognition*: India's embrace of cryptocurrencies could enhance its reputation as a progressive and forward-thinking nation.
7. *Financial Literacy*: The investment boom could lead to increased awareness and understanding of personal finance and investing.
9. *Reduced Dependence on Fiat*: Cryptocurrencies could reduce India's reliance on fiat currency and mitigate the effects of inflation.
Keep in mind that this is a hypothetical scenario, and the actual benefits would depend on various factors.
#BTCFOMCWatch #indiaceyptotax #BTCFOMCWatch #BitcoinPizzaDay2024
India's population: approximately 1.4 billion (2024 estimate)
Half of the population: 1.4 billion / 2 = 700 million
Investment amount: $130 per person
Total investment: 700 million x $130 = $91 billion
Assuming an average annual return of 11% (as discussed earlier), the total investment would grow to:
$91 billion x (1 + 0.11) ^ 6 (compounded annually for 6 years) â $231.4 billion
So, the total profit would be:
$231.4 billion - $91 billion = $140.4 billion
If half of India's population were to invest in cryptocurrency, it could bring numerous benefits, including:
1. *Financial Inclusion*: Cryptocurrencies offer access to financial services for the unbanked and underbanked population.
2. *Economic Growth*: The influx of investments could boost India's economy and create new opportunities.
3. *Job Creation*: The crypto industry could generate employment opportunities in fields like development, trading, and finance.
4*Technological Advancements*: The demand for crypto-related services could drive innovation and improvement in blockchain technology.
5. *Government Revenue*: Taxation of crypto gains could generate significant revenue for the government.
6.*Global Recognition*: India's embrace of cryptocurrencies could enhance its reputation as a progressive and forward-thinking nation.
7. *Financial Literacy*: The investment boom could lead to increased awareness and understanding of personal finance and investing.
9. *Reduced Dependence on Fiat*: Cryptocurrencies could reduce India's reliance on fiat currency and mitigate the effects of inflation.
Keep in mind that this is a hypothetical scenario, and the actual benefits would depend on various factors.
#BTCFOMCWatch #indiaceyptotax #BTCFOMCWatch #BitcoinPizzaDay2024
Budget 2024: Crypto industry bats for tax reductions, regulatory tightening of offshore exchanges
Letters sent out to the finance ministry last month by Bharat Web3 Association and CoinDCX highlighted concerns over the 30 percent VDA tax burdening small Web3 and crypto businesses and the need for a level playing field by bringing offshore exchanges under TDS regulations.This comes at a time when the Indian crypto sector has already started seeing some regulatory green shoots, with the finance ministry sending show-cause notices to offshore exchanges, which are not registered with the Financial Intelligence Unit-India (FIU-IND), and blocking their URLs.BWAâs current members include infrastructure providers such as Polygon and Biconomy; crypto exchanges such as CoinDCX and CoinSwitch; virtual gaming platform Hike; and other Web3 players such as Liminal and Tax Nodes.According to a note accessed by Moneycontrol, BWAâs asks include âreduction in the rate of TDS on transfer of VDAs (virtual digital assets) to 0.01% from 1%; specifically including foreign exchanges in the scope of TDS, and reexamining the flat rate of 30% applicable to income from the transfer of VDAs.âThe note also said the existing taxation framework has ânot achieved the intended purpose of enabling VDA transactions to be monitored.ââââââđźđłJUST IN: Indian Finance Minister has announced that there will be no changes indirect or indirect taxes.Follow#Crypto scenario in India:ï»żï»żï»żFlat 30% TAXï»żï»żï»ż1% TDSï»żï»żï»żNo set off for losses#CryptoTaxReform #indiaceyptotax #CryptoTaxIndia #indiaceyptotax #TrendingTopic
Post 8/2024
BIG news from India on #cryptocurrency
According to an official from the Reserve Bank of India (RBI), cryptocurrencies cannot be classified as "currencies" due to their lack of intrinsic value. P Vasudevan, an executive director at the RBI, emphasized this point during a panel discussion at IIM-Kozhikode. He highlighted that it is ultimately the government's responsibility to determine the approach towards regulating cryptocurrencies. At present, bitcoins lack legal recognition in India, and investors are subject to taxation on the profits generated from trading them.
#Bitcoin⏠#BTC⏠#indiaceyptotax #Write2Earn
BIG news from India on #cryptocurrency
According to an official from the Reserve Bank of India (RBI), cryptocurrencies cannot be classified as "currencies" due to their lack of intrinsic value. P Vasudevan, an executive director at the RBI, emphasized this point during a panel discussion at IIM-Kozhikode. He highlighted that it is ultimately the government's responsibility to determine the approach towards regulating cryptocurrencies. At present, bitcoins lack legal recognition in India, and investors are subject to taxation on the profits generated from trading them.
#Bitcoin⏠#BTC⏠#indiaceyptotax #Write2Earn
Crypto Tax In India: Expectations from The Union Budget 2024-25.
#IndianCryptoCommunity #indiaceyptotax #MtGoxJulyRepayments #Biden_Out_BTC_Up
#IndianCryptoCommunity #indiaceyptotax #MtGoxJulyRepayments #Biden_Out_BTC_Up
âčđ”đ,đŹđŹ,đŹđŹđŹ đđżđđœđđŒ đŠđ°đźđș đ¶đ» đđ»đ±đ¶đź !
#india_crypto #indiaceyptotax #BTCâ #Biden_Out_BTC_Up #Bitcoin_Coneference_2024
#india_crypto #indiaceyptotax #BTCâ #Biden_Out_BTC_Up #Bitcoin_Coneference_2024
Polygon plans to migrate MATIC to POL token on Sept. 4.
#MATICâ . #PolygonMATIC #indiaceyptotax #ETH_ETF_Approval_23July #BinanceTurns7
#MATICâ . #PolygonMATIC #indiaceyptotax #ETH_ETF_Approval_23July #BinanceTurns7
Hey guys What you Think đ€ about Crypto singles.Share your thoughts đ in comments.
Who is your best Crypto singles provider .
#Pakistan #indiaceyptotax #Bangladesh #BinanceSquareFamily #UKGovernment
Who is your best Crypto singles provider .
#Pakistan #indiaceyptotax #Bangladesh #BinanceSquareFamily #UKGovernment
See original
### How to make profit in futures trading
1) **Wallet Management:**
I always manage my wallet between my trades. With a wallet balance of $50,000, I use $2,000 per trade with 10x leverage.
2) **Trade Limitation:**
I never open more than 3 trades at a time. I mostly take scalp trades and trade based on my analysis on the 5 minute and 15 minute charts.
3) **Risk Management:**
I use stop loss and take profit on every trade. If the trade goes into a loss, I quickly exit when my analysis is proven wrong. I book profit in segments and place stop loss at entry point.
4) **Emotional Control:**
I never over trade or trade with emotion. After losing $7,000 in 2 days I persevere and take trades again, making a $10,000 profit the following week.
5) **Order Types:**
I never use limit orders, always trade at market price because limit orders can be risky at times.
#Bangladesh #altsesaon #BlackRockâ© #Pakistan #indiaceyptotax
1) **Wallet Management:**
I always manage my wallet between my trades. With a wallet balance of $50,000, I use $2,000 per trade with 10x leverage.
2) **Trade Limitation:**
I never open more than 3 trades at a time. I mostly take scalp trades and trade based on my analysis on the 5 minute and 15 minute charts.
3) **Risk Management:**
I use stop loss and take profit on every trade. If the trade goes into a loss, I quickly exit when my analysis is proven wrong. I book profit in segments and place stop loss at entry point.
4) **Emotional Control:**
I never over trade or trade with emotion. After losing $7,000 in 2 days I persevere and take trades again, making a $10,000 profit the following week.
5) **Order Types:**
I never use limit orders, always trade at market price because limit orders can be risky at times.
#Bangladesh #altsesaon #BlackRockâ© #Pakistan #indiaceyptotax
India grants cryptocurrency exchange #Binance legal status, and it registers with the financial intelligence unit
Binance, has formally registered with the Financial Intelligence Unit (FIU-IND) of India. This registration is important because it enables Binance to abide by local laws, particularly those pertaining to anti-money laundering (AML), and conduct business lawfully in India.
Binance was among the international cryptocurrency exchanges that faced stiff penalties from India's Financial Intelligence Unit at the end of last year for operating in the country illegally. These platforms were charged with failing to adhere to India's anti-money laundering (AML) laws. Consequently, the FIU had requested that the Indian government impede access to the websites of these exchanges.
Binance is now fully operational in India thanks to this new registration. All of Binance's services, including its website and app, are available to Indian customers.
In addition to growing its service portfolio, Binance is also committed to ensuring its users' safety and security. Strong mechanisms are in place at the company to confirm users' identities and stop illicit activity, such as financing of terrorism and money laundering. These initiatives are a part of Binance's larger commitment to give its users everywhere a safe and open environment.
Binance CEO Richard Teng stated, "Our registration with the FIU-IND marks an important milestone in Binance's journey." Our compliance with Indian rules enables us to customise our services to meet the specific requirements of Indian users, in recognition of the growth and potential of the Indian VDA market.
India's position in the cryptocurrency space
India is quickly rising to the top of the bitcoin market. It is anticipated that Binance's move to completely enter the market and adhere to Indian legislation will elevate the bar for the nation's entire industry.
#india_crypto #indiaceyptotax #CryptoMarketMoves #Binance7thAnniversary
Binance, has formally registered with the Financial Intelligence Unit (FIU-IND) of India. This registration is important because it enables Binance to abide by local laws, particularly those pertaining to anti-money laundering (AML), and conduct business lawfully in India.
Binance was among the international cryptocurrency exchanges that faced stiff penalties from India's Financial Intelligence Unit at the end of last year for operating in the country illegally. These platforms were charged with failing to adhere to India's anti-money laundering (AML) laws. Consequently, the FIU had requested that the Indian government impede access to the websites of these exchanges.
Binance is now fully operational in India thanks to this new registration. All of Binance's services, including its website and app, are available to Indian customers.
In addition to growing its service portfolio, Binance is also committed to ensuring its users' safety and security. Strong mechanisms are in place at the company to confirm users' identities and stop illicit activity, such as financing of terrorism and money laundering. These initiatives are a part of Binance's larger commitment to give its users everywhere a safe and open environment.
Binance CEO Richard Teng stated, "Our registration with the FIU-IND marks an important milestone in Binance's journey." Our compliance with Indian rules enables us to customise our services to meet the specific requirements of Indian users, in recognition of the growth and potential of the Indian VDA market.
India's position in the cryptocurrency space
India is quickly rising to the top of the bitcoin market. It is anticipated that Binance's move to completely enter the market and adhere to Indian legislation will elevate the bar for the nation's entire industry.
#india_crypto #indiaceyptotax #CryptoMarketMoves #Binance7thAnniversary
See original
**Title: Dhoka Ki Sada**
In the heart of New York, Mia and Nia entered the world of trading, full of dreams. Nia, full of hope and full of hope, died in the fame of a jhutai trader, whose face shattered her dreams. Mia, looking at her friend's fallen dreams, felt a feeling of sorrow and despair. With every loss, Nia's spirit withered, tears welling up in her previously shining eyes. Mia, always afraid of betrayal, will face the truth of what she said and will restore Nia's trust. Reluctantly, Mia took off the cheat sheet, but the traces of the cheat remained. But, deep in the depths of despair, their friendship seemed harmless, a ray of hope in the darkness. Together they became more powerful and wiser, their friendship became brighter in the light of difficult times.
Be aware for scammers. This is the story of my friend Payre Bahi Saber.#indiaceyptotax #Pakistan #Pakistani_Bitcoin #india#Bangladesh
In the heart of New York, Mia and Nia entered the world of trading, full of dreams. Nia, full of hope and full of hope, died in the fame of a jhutai trader, whose face shattered her dreams. Mia, looking at her friend's fallen dreams, felt a feeling of sorrow and despair. With every loss, Nia's spirit withered, tears welling up in her previously shining eyes. Mia, always afraid of betrayal, will face the truth of what she said and will restore Nia's trust. Reluctantly, Mia took off the cheat sheet, but the traces of the cheat remained. But, deep in the depths of despair, their friendship seemed harmless, a ray of hope in the darkness. Together they became more powerful and wiser, their friendship became brighter in the light of difficult times.
Be aware for scammers. This is the story of my friend Payre Bahi Saber.#indiaceyptotax #Pakistan #Pakistani_Bitcoin #india#Bangladesh