IndiaCrypto
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🟢 LTC LONG 10X Leverage
BP: 66 to 66.35
TP: 70 to 74
SL: 40%
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Global News:
🇮🇳 India's crypto journey begins! Prime Minister Modi endorses comprehensive regulations for the cryptocurrency sector, emphasizing the need to keep pace with technological advancements. 📜🚀 #IndiaCrypto #PMModi #CryptoRegulation
⚡️
🟢 LTC LONG 10X Leverage
BP: 66 to 66.35
TP: 70 to 74
SL: 40%
.
So, would you like to have more signals like BLZ BNB ARB LUNC LUNA CFX UNI SUI SEI SXP BTC ETH AKRM etc etc.
.
Global News:
🇮🇳 India's crypto journey begins! Prime Minister Modi endorses comprehensive regulations for the cryptocurrency sector, emphasizing the need to keep pace with technological advancements. 📜🚀 #IndiaCrypto #PMModi #CryptoRegulation
🇮🇳 Embracing the rollercoaster journey of India's crypto community! 🚀 From bans to breakthroughs, we've weathered it all. 💪
2018: RBI threw a curveball - ban on crypto exchanges. 😱
2020: Supreme Court, our knight in shining armor, lifted the ban. 🚀
2022: Tax hurdles - 30% tax + 1% TDS on trading. 💰
2024: Crypto apps & URLs blocked. 🛑
But guess what? India, you're the 2nd largest in the crypto world! 🌐 Let's break free with #reducecryptotax and make history! 🚀
Imagine if the government fully supports crypto! 🌈 Proactive steps mean rapid growth, skyrocketing innovation, and us becoming global crypto giants. 🌐
Come on, Sarkar! Unleash the true potential of crypto! 🚀🇮🇳 #CryptoRevolution #IndiaCrypto #InnovationUnleashed
2018: RBI threw a curveball - ban on crypto exchanges. 😱
2020: Supreme Court, our knight in shining armor, lifted the ban. 🚀
2022: Tax hurdles - 30% tax + 1% TDS on trading. 💰
2024: Crypto apps & URLs blocked. 🛑
But guess what? India, you're the 2nd largest in the crypto world! 🌐 Let's break free with #reducecryptotax and make history! 🚀
Imagine if the government fully supports crypto! 🌈 Proactive steps mean rapid growth, skyrocketing innovation, and us becoming global crypto giants. 🌐
Come on, Sarkar! Unleash the true potential of crypto! 🚀🇮🇳 #CryptoRevolution #IndiaCrypto #InnovationUnleashed
🚨 𝗕𝗥𝗘𝗔𝗞𝗜𝗡𝗚 𝗡𝗘𝗪𝗦:
🚀 Despite a surge in deposits, crypto trading volumes on top Indian exchanges plunged by 21% from December to January!
📉 The unexpected dip is directly linked to the recent tax changes, particularly the TDS regulations on crypto. It's time to take action and #ReduceCryptoTax!
💼 Don't let regulations hold you back from your crypto journey. Stay informed, stay empowered! 💪
#CryptoNews #TaxChanges #IndiaCrypto #Write2Earn 🌐
🚀 Despite a surge in deposits, crypto trading volumes on top Indian exchanges plunged by 21% from December to January!
📉 The unexpected dip is directly linked to the recent tax changes, particularly the TDS regulations on crypto. It's time to take action and #ReduceCryptoTax!
💼 Don't let regulations hold you back from your crypto journey. Stay informed, stay empowered! 💪
#CryptoNews #TaxChanges #IndiaCrypto #Write2Earn 🌐
🇮🇳 Exciting News! India is on a mission to build a global crypto exchange database 🌐🚀. This game-changing initiative will aid law enforcement agencies like the ED, income tax department, and CBI 🕵️♂️🔍. Stay tuned, it's expected to be ready by March 2024! 🗓️💼 #CryptoDatabase #IndiaCrypto #EnforcementPower #crypto2023 #CryptoNews 💪📈
Could India's Restrictions on Coinbase, Binance, and Others Spark a Crypto Setback?
1. The FIU in India takes action: 9 top crypto exchanges, including Coinbase and Binance, blocked.
2. Concerns raised by the FIU encompass money laundering, terrorism financing, and risks to Indian users from unregistered exchanges.
3. India aligns with global trend: tightening regulations on crypto, following the steps of the US, China, and the UK.
4. Impact on India’s 15 million crypto users: limited trading options due to FIU’s move.
India has recently taken a firm stance against the crypto industry. The country's Financial Intelligence Unit (FIU) declared plans to expel nine major exchanges, including big players like Coinbase and Binance, due to violations of anti-money laundering and anti-terrorism financing laws.
The FIU's statement pinpointed these exchanges for failing to comply with registration and adherence to the Prevention of Money Laundering Act (PMLA) of 2002, raising concerns about their engagement with nearly unregistered users. This poses heightened risks of funding illicit activities like terrorism and money laundering.
Consequently, the FIU urged the Ministry of Electronics and Information Technology to block access to nine cryptocurrency exchanges' websites until further notice, namely Bittrex, Bitsamp, MEXC Global, Bitfinex, Gate.io, Kucoin, Huobi, Kraken, and Binance.
This move aligns India with other nations' tightening regulatory approaches toward the crypto sector. This trend echoes actions taken in countries like the US, where Binance faced hefty fines and its CEO, Changpeng Zhao, confronted legal repercussions for anti-money laundering violations. Global concerns about consumer safety, financial stability, and national security have been the driving force behind these measures.
Despite these challenges, the crypto industry persists. Some exchanges are striving to obtain licenses from governing bodies, while others, like PancakeSwap and Uniswap, opt to function as decentralized entities without the need for intermediaries.
Nonetheless, the FIU's decision to shut down these exchanges in India significantly impacts the approximately 15 million crypto users in the nation, according to a recent Chainalysis report. It's essential to acknowledge the volatility of cryptocurrencies and conduct thorough research before making any financial decisions.
#India #IndiaCrypto #Binance #coinbase #Crypto2024
2. Concerns raised by the FIU encompass money laundering, terrorism financing, and risks to Indian users from unregistered exchanges.
3. India aligns with global trend: tightening regulations on crypto, following the steps of the US, China, and the UK.
4. Impact on India’s 15 million crypto users: limited trading options due to FIU’s move.
India has recently taken a firm stance against the crypto industry. The country's Financial Intelligence Unit (FIU) declared plans to expel nine major exchanges, including big players like Coinbase and Binance, due to violations of anti-money laundering and anti-terrorism financing laws.
The FIU's statement pinpointed these exchanges for failing to comply with registration and adherence to the Prevention of Money Laundering Act (PMLA) of 2002, raising concerns about their engagement with nearly unregistered users. This poses heightened risks of funding illicit activities like terrorism and money laundering.
Consequently, the FIU urged the Ministry of Electronics and Information Technology to block access to nine cryptocurrency exchanges' websites until further notice, namely Bittrex, Bitsamp, MEXC Global, Bitfinex, Gate.io, Kucoin, Huobi, Kraken, and Binance.
This move aligns India with other nations' tightening regulatory approaches toward the crypto sector. This trend echoes actions taken in countries like the US, where Binance faced hefty fines and its CEO, Changpeng Zhao, confronted legal repercussions for anti-money laundering violations. Global concerns about consumer safety, financial stability, and national security have been the driving force behind these measures.
Despite these challenges, the crypto industry persists. Some exchanges are striving to obtain licenses from governing bodies, while others, like PancakeSwap and Uniswap, opt to function as decentralized entities without the need for intermediaries.
Nonetheless, the FIU's decision to shut down these exchanges in India significantly impacts the approximately 15 million crypto users in the nation, according to a recent Chainalysis report. It's essential to acknowledge the volatility of cryptocurrencies and conduct thorough research before making any financial decisions.
#India #IndiaCrypto #Binance #coinbase #Crypto2024
#IndiaCrypto
How is the 30% Crypto Tax calculated in India?
The flat income tax rate is applicable to retail investors, traders, or anyone transferring crypto assets in a given financial year with no distinctions between short-term and long-term gains. The 30% tax rate is levied on any profits made from the transfer of virtual assets.
This 30% crypto tax rate will remain the same irrespective of the nature of income i.e., it does not matter if it is an investment income or business income and is irrespective of the holding period
How is the 30% Crypto Tax calculated in India?
The flat income tax rate is applicable to retail investors, traders, or anyone transferring crypto assets in a given financial year with no distinctions between short-term and long-term gains. The 30% tax rate is levied on any profits made from the transfer of virtual assets.
This 30% crypto tax rate will remain the same irrespective of the nature of income i.e., it does not matter if it is an investment income or business income and is irrespective of the holding period
Coindcx CEO Sumit Gupta explained on X that this was not their fault and urged the Indian Express to release a new press issue with the latest clarification
Check the photos below for more info. Follow my channel for latest crypto news and altcoin prediction
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#etf #CryptoPredictions2024 #CryptoNews🔒📰🚫 #cryptonewstoday #IndiaCrypto
Check the photos below for more info. Follow my channel for latest crypto news and altcoin prediction
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#etf #CryptoPredictions2024 #CryptoNews🔒📰🚫 #cryptonewstoday #IndiaCrypto
LIVECrypto Insights Pro
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Hausse
FIR filed against Coindcx for cheating and scamming crypto users by Delhi Police
Many users said that they weren’t able to withdraw the money to their bank account and when they contacted the official they were asked to 40,000 as tax submit which they can claim later. The users got suspicious and reported to Delhi police to take action against Coindcx
#cryptonews #cryptonewstoday #cryptoindia #BTC!💰 #IndiaCrypto $BTC $ETH $BNB
Many users said that they weren’t able to withdraw the money to their bank account and when they contacted the official they were asked to 40,000 as tax submit which they can claim later. The users got suspicious and reported to Delhi police to take action against Coindcx
#cryptonews #cryptonewstoday #cryptoindia #BTC!💰 #IndiaCrypto $BTC $ETH $BNB
🚀💡 𝗖𝗿𝘆𝗽𝘁𝗼 𝗕𝘂𝘇𝘇 𝗨𝗽𝗱𝗮𝘁𝗲! 💡🚀
Dive into the latest crypto whirlwind sweeping the globe! 🌏💫
🇦🇷 𝗔𝗿𝗴𝗲𝗻𝘁𝗶𝗻𝗮: Making waves by waving goodbye to #CryptoTax! Embracing the digital frontier, Argentina pioneers a tax-free haven for crypto enthusiasts, fostering a thriving digital economy.
🇺🇸 𝗨𝗻𝗶𝘁𝗲𝗱 𝗦𝘁𝗮𝘁𝗲𝘀: Igniting the market with the launch of the inaugural spot #BitcoinETF! With billions flooding in, the US stamps its mark on mainstream crypto acceptance, paving the path for widespread adoption.
🇸🇻 𝗘𝗹 𝗦𝗮𝗹𝘃𝗮𝗱𝗼𝗿: Boldly leading the charge by adopting #Bitcoin as legal tender, revolutionizing the future of finance. The world watches as El Salvador sets a precedent for embracing crypto in everyday transactions.
Yet, 🇮🇳 𝗜𝗻𝗱𝗶𝗮 remains in the shadows, grappling with hefty taxes and TDS on crypto transactions. With traders clamoring for change, when will India heed the call to #ReduceCryptoTax? 💰⏳
It's high time for India to seize the reins and ride the wave of the global crypto revolution! 🌊🚀
#CryptoChronicles #GlobalFinance #IndiaCrypto #BitcoinBoom #Write2Earn
Dive into the latest crypto whirlwind sweeping the globe! 🌏💫
🇦🇷 𝗔𝗿𝗴𝗲𝗻𝘁𝗶𝗻𝗮: Making waves by waving goodbye to #CryptoTax! Embracing the digital frontier, Argentina pioneers a tax-free haven for crypto enthusiasts, fostering a thriving digital economy.
🇺🇸 𝗨𝗻𝗶𝘁𝗲𝗱 𝗦𝘁𝗮𝘁𝗲𝘀: Igniting the market with the launch of the inaugural spot #BitcoinETF! With billions flooding in, the US stamps its mark on mainstream crypto acceptance, paving the path for widespread adoption.
🇸🇻 𝗘𝗹 𝗦𝗮𝗹𝘃𝗮𝗱𝗼𝗿: Boldly leading the charge by adopting #Bitcoin as legal tender, revolutionizing the future of finance. The world watches as El Salvador sets a precedent for embracing crypto in everyday transactions.
Yet, 🇮🇳 𝗜𝗻𝗱𝗶𝗮 remains in the shadows, grappling with hefty taxes and TDS on crypto transactions. With traders clamoring for change, when will India heed the call to #ReduceCryptoTax? 💰⏳
It's high time for India to seize the reins and ride the wave of the global crypto revolution! 🌊🚀
#CryptoChronicles #GlobalFinance #IndiaCrypto #BitcoinBoom #Write2Earn
Hey everyone, I'm putting my money on
https://www.binance.com/en/my/wallet/account/payment/binancepay/sharecryptoboxes?registerchannel=287656287478448128&ref=LIMIT_CB27OB53&theme=ramadan&_dp=L3dlYnZpZXcvd2Vidmlldz90eXBlPWRlZmF1bHQmbmVlZER5bmFtaWM9dHJ1ZSZuZWVkTG9naW49ZmFsc2UmdXJsPWFIUjBjSE02THk5M2QzY3VZbWx1WVc1alpTNWpiMjB2ZTJ4aGJtZDlMMjE1TDNkaGJHeGxkQzloWTJOdmRXNTBMM0JoZVcxbGJuUXZZbWx1WVc1alpYQmhlUzl6YUdGeVpXTnllWEIwYjJKdmVHVnpQM0psWjJsemRHVnlZMmhoYm01bGJEMHlPRGMyTlRZeU9EYzBOemcwTkRneE1qZ21jbVZtUFV4SlRVbFVYME5DTWpkUFFqVXpKblJvWlcxbFBYSmhiV0ZrWVc0PQ==
$ENA for the short term. I got in around $0.68, and my initial target is $1.
Right now, I'm up by about 58%.
You could consider buying now too, maybe using 3-5x leverage, and potentially make a good profit!
So, head over to Binance futures and seize the opportunity!
#ENA #IndiaCrypto #P2P #CryptoNews 🔒📰🚫
https://www.binance.com/en/my/wallet/account/payment/binancepay/sharecryptoboxes?registerchannel=287656287478448128&ref=LIMIT_CB27OB53&theme=ramadan&_dp=L3dlYnZpZXcvd2Vidmlldz90eXBlPWRlZmF1bHQmbmVlZER5bmFtaWM9dHJ1ZSZuZWVkTG9naW49ZmFsc2UmdXJsPWFIUjBjSE02THk5M2QzY3VZbWx1WVc1alpTNWpiMjB2ZTJ4aGJtZDlMMjE1TDNkaGJHeGxkQzloWTJOdmRXNTBMM0JoZVcxbGJuUXZZbWx1WVc1alpYQmhlUzl6YUdGeVpXTnllWEIwYjJKdmVHVnpQM0psWjJsemRHVnlZMmhoYm01bGJEMHlPRGMyTlRZeU9EYzBOemcwTkRneE1qZ21jbVZtUFV4SlRVbFVYME5DTWpkUFFqVXpKblJvWlcxbFBYSmhiV0ZrWVc0PQ==
$ENA for the short term. I got in around $0.68, and my initial target is $1.
Right now, I'm up by about 58%.
You could consider buying now too, maybe using 3-5x leverage, and potentially make a good profit!
So, head over to Binance futures and seize the opportunity!
#ENA #IndiaCrypto #P2P #CryptoNews 🔒📰🚫
🙄 #India won't regulate #crypto or #Web3 anytime soon!
🏛️ Senior politician says #regulations may take 12-18 months.
👩⚖️ India wants to see "powerful" use cases for Web3 before making a decision
#IndiaCrypto
🏛️ Senior politician says #regulations may take 12-18 months.
👩⚖️ India wants to see "powerful" use cases for Web3 before making a decision
#IndiaCrypto
BREAKING News for India users
🌐 Crypto Convenience for India! Binance Rolls Out Dedicated Web Addresses 🔥🇮🇳
Exciting news for our Indian crypto enthusiasts! Binance, the crypto giant, is making significant strides to enhance accessibility for its Indian user base. 🚀
🌐 Tailored Access: Introducing two new web addresses exclusively for India – binance.me and binance.info. This strategic move is designed to offer Indian users a seamless and dedicated gateway to the array of services and resources that Binance has to offer.
🔒 Enhanced Services: With these specialized web addresses, Binance is committed to providing a more user-friendly experience, ensuring that Indian users can navigate the crypto landscape with ease and confidence.
💬 Share Your Thoughts: What's your take on Binance's dedicated approach for Indian users? Do you think it will contribute to a more accessible and user-centric crypto environment in India? Share your opinions!
🌐 Stay Updated, Stay Engaged! Follow @TokenMaestro for more crypto insights and updates that matter to you. Let's build a community that thrives on knowledge! 🤝📈
👍 Like, Share, and Connect! Tag your crypto-savvy friends in India. Empower others with the latest crypto developments! 💪
🔗
#BinanceIndia #CryptoNews #IndiaCrypto #BinanceAccessibility #BitcoinIndia
🌐 Crypto Convenience for India! Binance Rolls Out Dedicated Web Addresses 🔥🇮🇳
Exciting news for our Indian crypto enthusiasts! Binance, the crypto giant, is making significant strides to enhance accessibility for its Indian user base. 🚀
🌐 Tailored Access: Introducing two new web addresses exclusively for India – binance.me and binance.info. This strategic move is designed to offer Indian users a seamless and dedicated gateway to the array of services and resources that Binance has to offer.
🔒 Enhanced Services: With these specialized web addresses, Binance is committed to providing a more user-friendly experience, ensuring that Indian users can navigate the crypto landscape with ease and confidence.
💬 Share Your Thoughts: What's your take on Binance's dedicated approach for Indian users? Do you think it will contribute to a more accessible and user-centric crypto environment in India? Share your opinions!
🌐 Stay Updated, Stay Engaged! Follow @TokenMaestro for more crypto insights and updates that matter to you. Let's build a community that thrives on knowledge! 🤝📈
👍 Like, Share, and Connect! Tag your crypto-savvy friends in India. Empower others with the latest crypto developments! 💪
🔗
#BinanceIndia #CryptoNews #IndiaCrypto #BinanceAccessibility #BitcoinIndia
Should I move to Dubai or any other foreign country from India or pay 30% tax and 1% TDS.
We never even seen any profits until now except 60-70% loss in our portfolios and still we stick to crypto. We are waiting with losses and still keep on investing so we can see profits at someday we can see profits.
No government supported or helped when we stuck at losses. Why we need pay 30% tax to government. Instead of paying 30% hope government should ban it completely. So, Atleast we can leave India and settle somewhere else.
Why can’t we fight for us and for future generations to remove tax on cryptocurrency.
Support until we become tax free on crypto🌞#CryptoTaxReform #tax #IndiaCrypto #BTC #link $BTC $ETH $SHIB
We never even seen any profits until now except 60-70% loss in our portfolios and still we stick to crypto. We are waiting with losses and still keep on investing so we can see profits at someday we can see profits.
No government supported or helped when we stuck at losses. Why we need pay 30% tax to government. Instead of paying 30% hope government should ban it completely. So, Atleast we can leave India and settle somewhere else.
Why can’t we fight for us and for future generations to remove tax on cryptocurrency.
Support until we become tax free on crypto🌞#CryptoTaxReform #tax #IndiaCrypto #BTC #link $BTC $ETH $SHIB
🚀 CEO of CoinDCX, Sumit Gupta, is pushing for change! 💼 He's lobbying the Indian government to reduce crypto trading tax (TDS) from 1% to 0.01%. 🇮🇳📉 High taxes caused a 97% drop in trading volume for exchanges like WazirX. ⬇️ Let's ease the burden! 💪 #BitcoinWorld #CryptoTaxReform #IndiaCrypto 🚀📈
For a few months now, there have been rumors that India's finance department will take steps to lower the tax rate on crypto, but nothing has happened.
- India's finance minister, Nirmala Sitharaman, presented the budget
without introducing any changes to the controversial tax deducted at
source (TDS) policy affecting the crypto industry.
- The existing TDS policy includes a 30% tax on profits and a 1% TDS on all crypto transactions.
-
Despite efforts from the domestic crypto industry and a think tank
advocating for a reduction in TDS, no changes were announced in the
budget.
- The Indian crypto industry has been urging the government to reduce the 1% TDS since its introduction two years ago.
-
The TDS policy has led to the movement of many crypto transactions
offshore, impacting revenue, and the recent budget did not address the
industry's concerns.
$BTC
#Budget2024 #IndiaCrypto #cryptopm #Write2Earn
- India's finance minister, Nirmala Sitharaman, presented the budget
without introducing any changes to the controversial tax deducted at
source (TDS) policy affecting the crypto industry.
- The existing TDS policy includes a 30% tax on profits and a 1% TDS on all crypto transactions.
-
Despite efforts from the domestic crypto industry and a think tank
advocating for a reduction in TDS, no changes were announced in the
budget.
- The Indian crypto industry has been urging the government to reduce the 1% TDS since its introduction two years ago.
-
The TDS policy has led to the movement of many crypto transactions
offshore, impacting revenue, and the recent budget did not address the
industry's concerns.
$BTC
#Budget2024 #IndiaCrypto #cryptopm #Write2Earn
🇮🇳 **Exciting News Alert! Binance is Back in India with a Bang!** 🌟
🚀 Brace yourselves for the comeback of the year: Binance is now officially registered with India's Financial Intelligence Unit, marking its triumphant return to the Indian crypto scene! 💥
Despite past hurdles, Binance is making a bold statement by committing to full compliance with local regulations, including the Prevention of Money Laundering Act (PMLA) and taxation frameworks. 📜
Here's what you need to know:
- Binance is re-entering India as a FIU-registered entity, ensuring seamless operations while upholding legal standards.
- Indian authorities stress the importance of global exchanges following local laws, and Binance is leading the charge by setting a stellar example.
- Previous issues with app store delistings and online blocks are now a thing of the past, as Binance navigates negotiations with the government with finesse. 💼
This groundbreaking move positions Binance as a trailblazer in the Indian crypto landscape, joining the ranks of KuCoin as pioneers paving the way for international exchanges. 🌏
⚠️ Disclaimer: Stay informed and seek professional advice for any legal, tax, or financial inquiries. Let's usher in this new era of crypto innovation together! 💫 #CryptoRevolution #IndiaCrypto #BullorBear
🚀 Brace yourselves for the comeback of the year: Binance is now officially registered with India's Financial Intelligence Unit, marking its triumphant return to the Indian crypto scene! 💥
Despite past hurdles, Binance is making a bold statement by committing to full compliance with local regulations, including the Prevention of Money Laundering Act (PMLA) and taxation frameworks. 📜
Here's what you need to know:
- Binance is re-entering India as a FIU-registered entity, ensuring seamless operations while upholding legal standards.
- Indian authorities stress the importance of global exchanges following local laws, and Binance is leading the charge by setting a stellar example.
- Previous issues with app store delistings and online blocks are now a thing of the past, as Binance navigates negotiations with the government with finesse. 💼
This groundbreaking move positions Binance as a trailblazer in the Indian crypto landscape, joining the ranks of KuCoin as pioneers paving the way for international exchanges. 🌏
⚠️ Disclaimer: Stay informed and seek professional advice for any legal, tax, or financial inquiries. Let's usher in this new era of crypto innovation together! 💫 #CryptoRevolution #IndiaCrypto #BullorBear
