Economic Affairs Secretary Ajay Seth has said that the government is ready with its consultation paper on cryptocurrencies. He was speaking to reporters on the sidelines of an event on Monday, Reuters reported. He further said that inflation in India should moderate in the coming months.
Seth said that a worldwide consensus on cryptocurrencies was required and that India would study the legislation in place in other nations before choosing its own.
The government had announced in the annual Budget that gains from cryptocurrency investments would be taxed at 30 per cent, but the proposal has yet to be given legal status.
In another news, Sportzchain, a Blockchain-based fan-engagement ecosystem has launched the phygital non-fungible token (NFT) of Tamil Thalaivas, a pro kabaddi team, whose captain Surjeet Singh was auctioned within 24 hours of listing. Praveen Ramasamy, an avid fan of Tamil Thalaivas digital collectables, was present at the occasion.
According to the press release,...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...