Coinbase Commences Crypto Services in India
Coinbase, a crypto exchange platform has announced that its crypto trading services are now available to users in India. The exchange’s app will now be available in India, according to the company, which announced the news during an event in Bengaluru, India’s innovation capital. By trade volume, Coinbase is the world’s second-largest exchange. Coinbase co-founder […]
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 […]