Indian Chartered Accountants Must Track, Analyse Blockchain Records: KoinX CEO

Indian Chartered Accountants Must Track, Analyse Blockchain Records: KoinX CEO

ByNews Polite

In India, using cryptocurrencies as a mode of payments in day-to-day retail purchases, has not quite picked up pace as compared to other nations like the US. It is however, noteworthy, that some business owners here, have begun experimenting with crypto payments and contribute substantially to the number of transactions…

India Seeks Info on Coins Listed for Trade on Exchanges as Tax Body Mulls Levying GST

India Seeks Info on Coins Listed for Trade on Exchanges as Tax Body Mulls Levying GST

ByNews Polite

India’s Central Board of Indirect Taxes and Customs (CBIC) has reached out to a bunch of crypto exchanges operating in the country. The body is seeking lists of all the cryptocurrencies that are being traded on the exchanges in India. The tax authority of India is reportedly evaluating if the…

UN Development Body UNCTAD Believes Banks Should Be Banned From Holding Crypto

UN Development Body UNCTAD Believes Banks Should Be Banned From Holding Crypto

ByNews Polite

The United Nation’s development arm, UNCTAD, believes that banks should be banned from holding crypto while suggesting that developing countries should implement extensive restrictions on the usage of cryptocurrencies, given the risks they pose to tax collection. The UN Conference on Trade and Development (UNCTAD), in a series of reports…