Cryptocurrency nonetheless stays a mystical topic for a lot of eager buyers in India. Whereas cryptos are slowly gaining recognition from buyers and regulators alike, with international locations and main manufacturers adopting it as an official tender, there are nonetheless a sizeable quantity of people that want to put money into crypto, however aren’t capable of carefully observe breaking and growing information within the sector, which can assist them be aware of worth actions, main sell-offs, and bulletins of recent blockchain-based developments.
This dwell information weblog is right here to assist. From main market losses to noteworthy declarations, observe this dwell weblog to remain up to date with all the most recent happenings on this planet of crypto.
Whereas there are numerous cryptocurrencies to discover, Bitcoin (BTC) is the most well-liked as it’s the world’s oldest and most valued crypto coin. As of December 16, Bitcoin worth stood at $17,409.55, as per CoinMarketCap knowledge. On the time of writing, the worldwide crypto market cap stood at $849.41 billion, registering a lack of 1.31 % within the final 24 hours.
Whereas cryptocurrency is unregulated in India, cryptocurrencies are clubbed beneath digital digital property (VDAs). Below the brand new tax regime that went into impact on April 1, 2022, VDAs entice taxation of 30 % on positive factors. A TDS of 1 % is utilized on high of that.
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