Cryptocurrency Can Make Recognised Money Untraceable: HC

Share via:


SUMMARY

The HC made the remarks while denying bail to businessman Umesh Verma in connection with a cryptocurrency-related fraud case

RBI’s top leadership has been vehemently critical of cryptocurrencies, with governor Sanjay Malhotra recently saying that cryptocurrencies could affect the country’s financial stability

Despite the unclear status of cryptos, the government charges a 30% tax on profits from sale of VDAs and an additional 1% levy on transactions exceeding INR 10,000 in a…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Cryptocurrency Can Make Recognised Money Untraceable: HC


SUMMARY

The HC made the remarks while denying bail to businessman Umesh Verma in connection with a cryptocurrency-related fraud case

RBI’s top leadership has been vehemently critical of cryptocurrencies, with governor Sanjay Malhotra recently saying that cryptocurrencies could affect the country’s financial stability

Despite the unclear status of cryptos, the government charges a 30% tax on profits from sale of VDAs and an additional 1% levy on transactions exceeding INR 10,000 in a…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

ID gov’t sets 2-month timeline for ecommerce tax collection

The new regulations require ecommerce giants like Shopee...

Nvidia is set to resume China chip sales after...

Nvidia announced Monday that it’s filing applications to...

VC funds flow into AI, but only to a...

SynopsisWhile the numbers suggest that the AI investment...

Popular

Upcoming Events

IPTV Portugal iptvdfgdfs iptvdfgdfs iptvdfgdfs iptvdfgdfs
IPTV IPTV IPTV IPTV IPTV IPTV IPTV