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WazirX, CoinDCX, ZebPay Suffer Trading Decline In India As Crypto TDS Kicks In: Report
Starting July 1, a TDS of 1 percent has been imposed on cryptocurrencies in India. Cryptocurrencies are currently clubbed under virtual digital assets (VDAs) in the country, facing taxation of 30 percent on all gains, as part of the new tax regime that came into effect on April 1. This month, an additional TDS was slapped on crypto transactions. This has led to a worrying dip in trading volumes among leading crypto exchanges in the country, as per data from crypto data aggregator CoinGecko, as reported by Bloomberg.
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NFTs, Cryptocurrency Marketplaces Banned By Chinese Tech Firms As Part Of Industry Initiative
Chinese internet and tech giants on Monday signed an initiative to ban cryptocurrency and digital collectibles (NFTs),...
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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...