#news #newstoday #tech #technews #latestnews #techupdates #newsupdates The government is set to present the Union Budget for the next financial year on February 1. With only a couple of days until the next budget is revealed, members of India’s Web3 sector have revealed some of the changes to policy and…
Japan is set to begin a review of the nation’s cryptocurrency rules, opening up the possibility of lower taxes on digital assets and potentially paving the way for the roll out of domestic funds investing in tokens. The Financial Services Agency in coming months will assess whether the current approach…
The Bharat Web3 Association (BWA) met with industry stakeholders in New Delhi on July 11, ahead of the upcoming budget announcement for FY2024-2025. During the meeting, Dilip Chenoy, the chairperson of this Web3 advisory body, said that the industry is ready to be patient and give the government enough time…
The authorities in Malaysia are said to be cracking down on crypto tax evaders. As part of a special investigation codenamed ‘Ops Token’, officials from the Malaysian federal agency Inland Revenue Board (IRB) reportedly conducted raids at multiple locations having identified firms that were not reporting their crypto-related engagements. Through…
India concluded its general elections on June 1, with results last week paving the way for the re-election of Narendra Modi as Prime Minister for a third consecutive term. As part of PM Modi’s newly constituted cabinet, Nirmala Sitharaman has been re-assigned to serve as the finance minister of the…
CoinDCX has released a report that attempts to highlight issues with India’s crypto tax policies, while seeking reforms from the government in order to improve compliance and tax transparency in the country. The FIU-registered crypto exchange is the latest of many firms that have attempted to appeal to the government…
Mudrex, a crypto investment platform founded by Indian entrepreneurs, has struck a partnership with tax computing platform ClearTax. The crypto exchanges operating in India now have a set of rules they need to adhere to, in order to stay compliant in conducting their operations here. One important critera that Indian…
Several crypto investors in India have failed to pay 30 percent tax on profits they made via crypto activities in the last two years, possibly due to regulatory unclarity and lack of customer awareness, crypto tax firm Taxnodes has warned, urging the community to pay their crypto taxes on time….
The US, where estimates suggest 40 percent of adults currently hold crypto assets, is expecting to see a rise in tax evasion cases. The US’ Internal Revenue Service (IRS) is already gearing up to handle these cases. The information was disclosed by Guy Ficco, the chief investigating officer of the…
The crypto scene in India is getting more sophisticated with the government gradually deploying regulations to oversee the industry’s safety. In a bid to get a better understanding of what the Indian crypto community really wishes for, CoinDCX crypto exchange has decided to do something simple and effective — ask…
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