Crypto-currencies Archives

One thing GOI loves to do - tax its citizens… Have they put enough thought into this or is it the case of killing the goose that lays golden eggs?

Banking

Income Tax Department says buyer to deduct TDS on peer-to-peer Cryptocoin...

Team PGurus - June 28, 2022 0

CBDT issues clarification on TDS provision applicable on transfer of VDAs Further tightening the Cryptocoin trading in India, the Income Tax Department on Tuesday said...

Investing

Bill Gates says he holds no position in cryptos, NFTs

PGurus Newsdesk - June 16, 2022 1

NFTs, cryptos are '100% based on greater fool theory': Bill Gate Tech billionaire Bill Gates has said that he holds no position in crypto currencies...

Celsius Network had last year raised $750 million in funding and is a significant player in crypto lending

Investing

Crypto firm Celsius freezes all transfers, withdrawals between accounts

PGurus Newsdesk - June 13, 2022 0

Crypto currencies tumble as lending platform Celsius blocks withdrawals Crypto currency lending firm Celsius Network will pause withdrawals and transfers between accounts due to "extreme...

In the eyes of the Finance Ministry, is a virtual asset (i. e. NFT) the same as a real asset e. g. stock, gold?

Laws

Finance Ministry proposes amendments to Finance Bill to tighten norms for...

Team PGurus - March 24, 2022 1

Finance Ministry proposes to remove the word 'other' from section relating to set off of losses from gains in VDA India’s Finance Ministry on Thursday...

Nirmala Sitharaman's statement on Crypto Currencies leaves many unanswered questions

Budget

Crypto Currencies: India not going to legalize or ban. But will...

Team PGurus - February 11, 2022 0

Hands-off policy on Crypto Currencies by GOI an interesting stand Finance Minister Nirmala Sitharaman on Friday told the Parliament that the government at this stage...

NFTs are blockchain-based digital items whose units are designed to be unique, unlike traditional cryptocurrencies whose units are meant to be interchangeable

Money Laundering

Money laundering through NFTs a growing sector: Chainalysis report

PGurus Newsdesk - February 3, 2022 0

Chainalysis detects significant money laundering in emerging NFT sector According to the Chainalysis report released on Wednesday, money laundering through the buying and selling of...

Budget

Budget 2022: Transfer of digital asset to be taxed at 30%,...

PGurus Newsdesk - February 1, 2022 1

FM Sitharaman announces 30% tax on virtual assets The Union Finance Minister Nirmala Sitharaman said that the income from virtual assets will be taxed at...

Banking regulators in US have announced a plan to clarify rules, regulations around how banks can use crypto currencies over next year

US Politics

US mulls crypto regulation

PGurus Newsdesk - November 25, 2021 0

US banking regulators soon to clarify banks crypto currencies role in 2022 The US has announced through the banking regulators that they will soon clarify...

Author dissects the grain from the chaff in the new, hot field of Digital Currencies, the hype, and the reality

International/ World news

Crypto Currencies – The New Kid in the Block or Another...

Sridhar Chityala - August 11, 2021 0

Crypto - Introduction Today, the crypto market has evolved from a Modest footprint to a 1.79 trillion market cap industry. There are clear winners, at...