11 Crypto exchanges face charges of tax evasion in India
WazirX, CoinDCX, CoinSwitch Kuber amongst others make up the 11 crypto exchanges charged with tax evasion by the Indian government. A total of Rs 95.86 crore ($12.58 million) was seized from the exchanges for dodging the Goods and Services Tax (GST). On March 28, Minister of State for Finance Pankaj Chaudhary reported a GST evasion […]
Hindu group in India calls for tougher crypto regulations
Mohan Bhagwat, the head of India’s right-wing Hindu nationalist organisation, has called for proper policing of the crypto space along with other stricter measures targeted at the digital space. The RSS chief made these remarks during a speech commemorating the Hindu festival of Dussehra , according to Asian News International. Despite multiple rumours of impending […]
CoinSwitch Kuber Indian exchange raises $260M to attain unicorn status
CoinSwitch Kuber, an Indian cryptocurrency exchange, has joined the unicorn club and is now valued at $1.9 billion after raising $260 million in a Series C fundraising round. The fresh funding has boosted CoinSwitch Kuber to the “very top” of Indian unicorns, according to an official release on Wednesday, with the firm becoming “India’s most […]
Crypto traders and exchanges may soon be charged to pay taxes in India
The Indian Income Tax Department is rumoured to be considering charging crypto traders and crypto exchanges shortly. Indian entrepreneurs believe crypto tax laws are foundational to mainstream crypto acceptance by governments. According to a report by ET Now, India’s tax department, which is part of the Ministry of Finance, has expressed interest in taxing crypto […]
Blockchain-based platform for fractional property ownership goes live in India
RealX, a blockchain-based platform, enables Indian investors to buy and sell “direct deeded co-ownership” in vacation homes and other vacation properties. Earlier this year, a fintech company located in Pune, India, established a blockchain-based registry system called RealX, which allows Indian people to purchase fractional ownership in properties. According to a story in The Economic […]