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đ±đ„India Rethinks Crypto Policy as World Adapts, Senior Saysđźđłđ
Global policiesâon cryptocurrencies are shifting, and #India is reconsidering its position. According to a senior government official, this new appraisal may postpone the publication of a discussion paper on crypto regulations that was due out in Septemberâ2024.
Ajay Seth, the secretary of economic affairs, said many nationsâhave modified their stance on digital assets and India was re-evaluating its position. âMore than one or two jurisdictions have changed their stance towards cryptocurrency in terms of the usage, their acceptance, where do they see the importance of crypto assets. In that stride, we are having a look at the discussion paper once again,â he added.
Itâfollows plans by former US president Donald Trump to overhaul crypto rules, establishing a task force to formulate new policies and investigate a national cryptocurrency reserve.
Despite strict regulations and high taxes on crypto trading, Indian investors continue to show strong interest in digital assets. In December 2023, Indiaâs Financial Intelligence Unit (FIU) issued notices to nine offshore crypto exchanges for not complying with local laws. Binance, the worldâs largest crypto exchange, was fined 188.2 million rupees ($2.25 million) in June 2024, a month after registering with the FIU to resume operations in India.
Opinions among Indian regulators remain divided. While the market watchdog has suggested multiple agencies oversee crypto trading, the Reserve Bank of India maintains that private digital currencies pose economic risks.
As countries worldwide take a more open approach to crypto, Indiaâs next move remains uncertain. The governmentâs review could lead to updated regulations that balance innovation with financial security.
#BitcoinReserveWave #AltcoinRevolution2028 #USTariffs #BTC
Ajay Seth, the secretary of economic affairs, said many nationsâhave modified their stance on digital assets and India was re-evaluating its position. âMore than one or two jurisdictions have changed their stance towards cryptocurrency in terms of the usage, their acceptance, where do they see the importance of crypto assets. In that stride, we are having a look at the discussion paper once again,â he added.
Itâfollows plans by former US president Donald Trump to overhaul crypto rules, establishing a task force to formulate new policies and investigate a national cryptocurrency reserve.
Despite strict regulations and high taxes on crypto trading, Indian investors continue to show strong interest in digital assets. In December 2023, Indiaâs Financial Intelligence Unit (FIU) issued notices to nine offshore crypto exchanges for not complying with local laws. Binance, the worldâs largest crypto exchange, was fined 188.2 million rupees ($2.25 million) in June 2024, a month after registering with the FIU to resume operations in India.
Opinions among Indian regulators remain divided. While the market watchdog has suggested multiple agencies oversee crypto trading, the Reserve Bank of India maintains that private digital currencies pose economic risks.
As countries worldwide take a more open approach to crypto, Indiaâs next move remains uncertain. The governmentâs review could lead to updated regulations that balance innovation with financial security.
#BitcoinReserveWave #AltcoinRevolution2028 #USTariffs #BTC
Carol Dail JTAP:
Why does it take long time to just think? When all the other countries are quick in developing new tech.
đźđłIndia leads the world in crypto adoption! đ
With nearly 200M crypto holders & over $10B worth of crypto on exchanges, India is proving its dominance.
But of course, some still donât get the memo⊠đ€
#crypto #blockchain #India
With nearly 200M crypto holders & over $10B worth of crypto on exchanges, India is proving its dominance.
But of course, some still donât get the memo⊠đ€
#crypto #blockchain #India
India leads the world in crypto adoption! đ
With nearly 200M crypto holders & over $10B worth of crypto on exchanges, India is proving its dominance.
But of course, some still donât get the memo⊠đ€
#Crypto #Blockchain #India
With nearly 200M crypto holders & over $10B worth of crypto on exchanges, India is proving its dominance.
But of course, some still donât get the memo⊠đ€
#Crypto #Blockchain #India
India's 2025 Budget Introduces Tax Regulations for Cryptocurrency
According to Odaily, India's Finance Minister Nirmala Sitharaman announced in the 2025 federal budget that cryptocurrencies will be included under Section 158B of the Income Tax Act for reporting undisclosed income. This amendment allows for collective assessment of unreported cryptocurrency gains, aligning them with traditional assets like currency, jewelry, and bullion in terms of tax treatment. Under the new amendment, cryptocurrencies will fall under the definition of virtual digital assets (VDA). The amendment specifies that under the existing definition of virtual digital assets, crypto assets are defined in Section 2(47A) of the Act. Entities required to report will need to provide information on crypto assets as per Section 285BAA of the Act.
Signaling concerns for cryptocurrency holders, Indian authorities may impose a tax penalty of up to 70% on previously undisclosed cryptocurrency profits. The document indicates that this penalty could apply to undisclosed crypto gains for up to 48 months following the relevant tax assessment year. The document states, 'The additional income disclosed in the updated Income Tax Return [ITR] will be subject to a total tax and interest of 70%.'
#Binance News #India
According to Odaily, India's Finance Minister Nirmala Sitharaman announced in the 2025 federal budget that cryptocurrencies will be included under Section 158B of the Income Tax Act for reporting undisclosed income. This amendment allows for collective assessment of unreported cryptocurrency gains, aligning them with traditional assets like currency, jewelry, and bullion in terms of tax treatment. Under the new amendment, cryptocurrencies will fall under the definition of virtual digital assets (VDA). The amendment specifies that under the existing definition of virtual digital assets, crypto assets are defined in Section 2(47A) of the Act. Entities required to report will need to provide information on crypto assets as per Section 285BAA of the Act.
Signaling concerns for cryptocurrency holders, Indian authorities may impose a tax penalty of up to 70% on previously undisclosed cryptocurrency profits. The document indicates that this penalty could apply to undisclosed crypto gains for up to 48 months following the relevant tax assessment year. The document states, 'The additional income disclosed in the updated Income Tax Return [ITR] will be subject to a total tax and interest of 70%.'
#Binance News #India
đšÂ BREAKING NEWS đš: The Indian government has just dropped a bombshell! đŁ Starting in 2025, undeclared crypto gains will face a hefty penalty of up to 70%! đ± Moreover, the authorities will be scrutinizing the past 48 months (that's 4 years!) to ensure compliance. đ”ïžââïžđŒ
This move aims to tighten regulations and boost transparency in the crypto space. đĄ If you've been dabbling in crypto, now's the time to get your records in order! đâ Stay informed, stay compliant, and avoid those steep penalties! âïžđ
#CryptoRegulation #India #TaxAlert #StayCompliant đđ
$BNB
$SOL
$XRP
This move aims to tighten regulations and boost transparency in the crypto space. đĄ If you've been dabbling in crypto, now's the time to get your records in order! đâ Stay informed, stay compliant, and avoid those steep penalties! âïžđ
#CryptoRegulation #India #TaxAlert #StayCompliant đđ
$BNB
$SOL
$XRP
User-Rajthe13:
pls do not circulate such fake messages
đš India Ka Naya Crypto Tax Law: 70% Penalty on Chhupi Hui Crypto Kamai! đš
India ne crypto tax par sakht pakad banane ka faisla le liya hai! đźđłđ° Naye kanoon ke mutaabik, agar aapne apni crypto kamai chhupa rakhi hai, toh 70% ki bhaari penalty bharni padegi! đ±â ïž Yeh February 2025 se lagu hoga aur pichhle 48 mahino (4 saal) ki undeclared crypto gains par retroactively apply kiya jayega. đ°ïžđ
đ„ India Ke Naye Crypto Tax Kanoon Ke Bade Points:
đ đž 70% Tax Penalty on Undeclared Gains:
Finance Minister Nirmala Sitharaman ne 2025 federal budget me announce kiya ki jo bhi crypto profits report nahi karega, usko 70% penalty deni padegi! đ”đ° Yeh individual investors aur organizations dono par lagu hoga. Aur sabse badi baat, yeh February 1, 2025 se retroactively apply hoga â matlab pichhle 4 saal ke chhupe profits bhi pakde jayenge! đŹđ
đ đ Crypto Holders Ke Liye Mandatory Compliance:
Ab crypto ko bhi currency, gold aur jewelry ki tarah report karna zaroori hai. Income Tax Act ke Section 158B me crypto assets ko Virtual Digital Assets (VDA) ke roop me officially include kar diya gaya hai. Agar kisi ne naye tax rules follow nahi kiye, toh 70% penalty to pakki hai! đ«âïž
đ đ Government Ki Tight Nigrani aur Retroactive Assessment:
Indian authorities ab crypto transactions par sakht nazar rakh rahi hain. đ Kaafi crypto exchanges par investigation bhi chal rahi hai jo GST (Goods and Services Tax) nahi bhare the! 2024 me Binance ko âč722 crore ($85 million) ka tax notice bhi bheja gaya! đłđŁ
đ Crypto traders aur investors ko ab full transparency maintain karni padegi, warna naya tax law bohot mehnga pad sakta hai! â ïžđ Kya aap tayari kar chuke hain? đđŹ
#IndiaCrypto #India #indiaceyptotax
India ne crypto tax par sakht pakad banane ka faisla le liya hai! đźđłđ° Naye kanoon ke mutaabik, agar aapne apni crypto kamai chhupa rakhi hai, toh 70% ki bhaari penalty bharni padegi! đ±â ïž Yeh February 2025 se lagu hoga aur pichhle 48 mahino (4 saal) ki undeclared crypto gains par retroactively apply kiya jayega. đ°ïžđ
đ„ India Ke Naye Crypto Tax Kanoon Ke Bade Points:
đ đž 70% Tax Penalty on Undeclared Gains:
Finance Minister Nirmala Sitharaman ne 2025 federal budget me announce kiya ki jo bhi crypto profits report nahi karega, usko 70% penalty deni padegi! đ”đ° Yeh individual investors aur organizations dono par lagu hoga. Aur sabse badi baat, yeh February 1, 2025 se retroactively apply hoga â matlab pichhle 4 saal ke chhupe profits bhi pakde jayenge! đŹđ
đ đ Crypto Holders Ke Liye Mandatory Compliance:
Ab crypto ko bhi currency, gold aur jewelry ki tarah report karna zaroori hai. Income Tax Act ke Section 158B me crypto assets ko Virtual Digital Assets (VDA) ke roop me officially include kar diya gaya hai. Agar kisi ne naye tax rules follow nahi kiye, toh 70% penalty to pakki hai! đ«âïž
đ đ Government Ki Tight Nigrani aur Retroactive Assessment:
Indian authorities ab crypto transactions par sakht nazar rakh rahi hain. đ Kaafi crypto exchanges par investigation bhi chal rahi hai jo GST (Goods and Services Tax) nahi bhare the! 2024 me Binance ko âč722 crore ($85 million) ka tax notice bhi bheja gaya! đłđŁ
đ Crypto traders aur investors ko ab full transparency maintain karni padegi, warna naya tax law bohot mehnga pad sakta hai! â ïžđ Kya aap tayari kar chuke hain? đđŹ
#IndiaCrypto #India #indiaceyptotax
Rabia Siddiqui:
kia seen hy
đšđźđł Breaking News: Indian crypto holders, beware! đš You may face a whopping 70% tax penalty on undisclosed gains under new regulations that kicked in on February 1, 2025.
Here's what you need to know:
- *New Tax Laws*: Cryptocurrencies will be included under Section 158B of the Income Tax Act, which reports undisclosed income.
- *Virtual Digital Assets (VDAs)*: Crypto will fall under the definition of VDAs, with reporting entities required to furnish information on crypto assets.
- *Penalty*: A tax penalty of up to 70% may be imposed on previously undisclosed crypto profits, applicable to gains undisclosed for up to 48 months after the relevant tax assessment year
- *Global Crackdown*: India isn't the only country tightening crypto regulations. The US Internal Revenue Service (IRS) will also impose stricter reporting on tax payments for digital asset transactions in 2025.
Stay cautious, Indian crypto investors! đš It's essential to report your earnings accurately to avoid hefty penalties.
#india #crypto
Here's what you need to know:
- *New Tax Laws*: Cryptocurrencies will be included under Section 158B of the Income Tax Act, which reports undisclosed income.
- *Virtual Digital Assets (VDAs)*: Crypto will fall under the definition of VDAs, with reporting entities required to furnish information on crypto assets.
- *Penalty*: A tax penalty of up to 70% may be imposed on previously undisclosed crypto profits, applicable to gains undisclosed for up to 48 months after the relevant tax assessment year
- *Global Crackdown*: India isn't the only country tightening crypto regulations. The US Internal Revenue Service (IRS) will also impose stricter reporting on tax payments for digital asset transactions in 2025.
Stay cautious, Indian crypto investors! đš It's essential to report your earnings accurately to avoid hefty penalties.
#india #crypto
đšÂ BREAKING NEWS đš:
The Indian đźđł government has just dropped a bombshell! đŁ Starting in 2025, undeclared crypto gains will face a hefty penalty of up to 70%!
đ± Moreover, the authorities will be scrutinizing the past 48 months (that's 4 years!) to ensure compliance. đ”ïžââïž
đ
This move aims to tighten regulations and boost transparency in the crypto space.
đĄ If you've been dabbling in crypto, now's the time to get your records in order! đâ Stay informed, stay compliant, and avoid those steep penalties! âïžđ
#CryptoRegulation #India #TaxAlert #StayCompliant đđ
$BNB
$SOL
$XRP
The Indian đźđł government has just dropped a bombshell! đŁ Starting in 2025, undeclared crypto gains will face a hefty penalty of up to 70%!
đ± Moreover, the authorities will be scrutinizing the past 48 months (that's 4 years!) to ensure compliance. đ”ïžââïž
đ
This move aims to tighten regulations and boost transparency in the crypto space.
đĄ If you've been dabbling in crypto, now's the time to get your records in order! đâ Stay informed, stay compliant, and avoid those steep penalties! âïžđ
#CryptoRegulation #India #TaxAlert #StayCompliant đđ
$BNB
$SOL
$XRP
đš NEW: India will impose tax penalties of up to 70% on undisclosed crypto gains as part of new regulations under Section 158B of the Income Tax Act.
#BreakingCryptoNews #india #tax
#BreakingCryptoNews #india #tax
đźđłIndia plans to launch its own generative AI model in 2025 #India
Abdul Rehman Ejaz:
youthion May Allah Hidayat Da
See original
đšDear friends,
I am sure that the @Optiimusk Twitter account is being used by Elon Musk, but I have no information about any token or coin being issued from this account. I am sharing this account with you. If any opportunity arises in the future, I hope those who feel the need to do so will follow and take advantage of it.
$BTC $ETH $XRP #Binance #bitcoin #eth #DOGE #India
I am sure that the @Optiimusk Twitter account is being used by Elon Musk, but I have no information about any token or coin being issued from this account. I am sharing this account with you. If any opportunity arises in the future, I hope those who feel the need to do so will follow and take advantage of it.
$BTC $ETH $XRP #Binance #bitcoin #eth #DOGE #India
$OM is spiked up and bullish
26th january - any #India connection ?
trade potential
RSI - 64
#altsesaon
26th january - any #India connection ?
trade potential
RSI - 64
#altsesaon
Hay guys we see a secam with p2p in .p# pakistan #india .b# Bangladesh o don't worry there is solution and will not got secam on p2p if you use p2p with Wisepay
if you need information just drop a mg here and follow me
if you need information just drop a mg here and follow me
In an old AML case investigated by the #EnforcementDirectorate â Variable Tech ( registered in #India & #Singapore ) collected 80K $BTC from #investors in India and âč6606 Cr. were diverted for purchasing #properties abroad.
- Prof Sudesh Kumar
đ sudeshkumar.com
#Bitcoinâ
- Prof Sudesh Kumar
đ sudeshkumar.com
#Bitcoinâ
See How "#WRX " The Token Of An Indian Exchange Is Pumping After The Recent News On 9 Exchanges Ban!
#crypto #india #crypto2023 #dyor
#crypto #india #crypto2023 #dyor
Crypto Hustle
--
India to ban following exchanges đ
#Ban #Exchanges #India #cryptonews #dyor
#Ban #Exchanges #India #cryptonews #dyor
Indian women now own 11% of the world's gold supply, which is more than the next top 5 country's gold reserves:
đźđł Indian women: 24,000 tonnes
đșđž USA: 8,133 tonnes
đ©đȘ Germany: 3,362 tonnes
đźđč Italy: 2,451 tonnes
đ«đ· France: 2,436 tonnes
đ·đș Russia: 2,298 tonnes
#btc2025 #BTCMiningPeak #BTCMiningPeak
#India #IndiaCryptoTax
đźđł Indian women: 24,000 tonnes
đșđž USA: 8,133 tonnes
đ©đȘ Germany: 3,362 tonnes
đźđč Italy: 2,451 tonnes
đ«đ· France: 2,436 tonnes
đ·đș Russia: 2,298 tonnes
#btc2025 #BTCMiningPeak #BTCMiningPeak
#India #IndiaCryptoTax
REST in peace #tradingworld
Ratan Tata the great Indian business men
and philanthropist in the world has died at the age of 86
#india_crypto
#india
Ratan Tata the great Indian business men
and philanthropist in the world has died at the age of 86
#india_crypto
#india
Good Tuesday my fellow traders, how is this day treating you so far?
đ The middle of the range sits around $35,000... The next support level has been confirmed within the $34,000 to $36,000 price range.
â Bitcoin is peaking/peaked after a higher high that continues to exacerbate a strong bearish divergence with the daily RSI.
â Yesterday's session high closed as a Doji and today the day starts red.
Since the current wave is already overextended, we can expect the next drop to show up anytime now, fast, sudden and strong.
â Based on EW-Theory, we are looking at an ABC and both A and B are already in, we are going for C next.
This is just a simple update without much jargon... Prepare for the drop.
#Write2Earn @AlanSantana #binance #PIXEL #STRK #india
đ The middle of the range sits around $35,000... The next support level has been confirmed within the $34,000 to $36,000 price range.
â Bitcoin is peaking/peaked after a higher high that continues to exacerbate a strong bearish divergence with the daily RSI.
â Yesterday's session high closed as a Doji and today the day starts red.
Since the current wave is already overextended, we can expect the next drop to show up anytime now, fast, sudden and strong.
â Based on EW-Theory, we are looking at an ABC and both A and B are already in, we are going for C next.
This is just a simple update without much jargon... Prepare for the drop.
#Write2Earn @AlanSantana #binance #PIXEL #STRK #india