crypto tax

Profits generated via crypto activities in India are subjected to a 30 percent tax deduction, a rule that most members of the Indian crypto community have been failing to comply with. In order to get more Indian crypto investors to pay…

Germany's Deutsche Bank AG is shifting its attention to the digital assets sector. The banking major is now seeking approval to operate as a crypto custodian in Germany. The banking mammoth aims to allow its users to purchase and sell…

The US has come to a decision regarding the imposition of excise taxes on Bitcoin miners operating from within the country. The US will not be adding any new tax layer upon the US' Bitcoin mining sector as the proposal extended earlier this…

India's ZebPay crypto exchange aims to simplify the process of computing and filing taxes on crypto assets for its users. To do so, ZebPay has signed a deal with Singapore-based Taxnodes that will help its customers with the crypto taxes.…

The US, in recent years, has emerged as a hotspot for crypto miners to establish their operations, especially after China imposed a blanket ban on all crypto-related activities in 2021. Given the environmental concerns and the power…

WazirX, the Indian crypto exchange, announced its partnership with Singapore-based TaxNodes on Tuesday, May 2. The aim of this partnership is to allow WazirX users to compute their crypto taxes in India and file their taxes on a timely…

About 2 crore Indians are currently invested in cryptocurrencies.With the announcement of 30 per cent taxes on digital assets, Indian investors are curious to find ways to evaluate their taxes seamlessly and cohesivelyCrypto taxation…

The crypto community of India has not been very supportive of the tax rules that the government enforced on the trade of virtual digital assets last year. It is estimated that only 0.07 percent of Indian crypto owners actually declared and…

The government, from April 1 last year, has brought in a 30 per cent income tax plus surcharge and cess on transfer of virtual digital assets, including cryptocurrencies.Crypto platforms/ exchanges must also perform customer due diligence…

India's contribution in the development of Web3, metaverse, and blockchain could increase multi-fold, if more Indians engaged with the digital assets sector, according to PayBito chief Raj Chowdhury. India's current tax regime on the…