CoinDCX CEO Expects India Crypto Tax Cut After 2024 Elections
Post-2024 elections, CoinDCX CEO Sumit Gupta foresees a substantial reduction in the country’s cryptocurrency tax rate. Recently, Sumit Gupta , co-founder and chief executive officer of CoinDCX, a notable Indian crypto exchange, expressed optimism regarding crypto tax reform in India. Although the Interim Budget did not provide any immediate relief for high TDS and crypto tax rates, […]
Binance, Other Exchange Apps Drop from Apple App Store India
Although these cryptocurrency exchange apps have been withdrawn from the App Store on the Apple iOS platform, they continue to be accessible through the Google Play Store in India and their websites remain live within the nation. A recent occurrence in India involves the removal from the Apple App Store of the mobile applications of […]
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 […]
CoinDCX becomes India’s first crypto unicorn after the latest funding round
The latest funding round of CoinDCX at an amount of $90 million has made the firm valued at over $1.1 billion, now the firm stands as India’s first crypto unicorn. CoinDCX, a private cryptocurrency exchange platform, announced a $90 million funding round on Tuesday, valuing the company at over $1.1 billion, despite the RBI’s continued […]