India is a huge country in South Asia with a diverse relief: on its territory are located both the mountain peaks of the Himalayas and the coast of the Indian Ocean. The history of the country has five millennia. In northern India, architectural monuments of the Mughal era have been preserved, including the Red Fort and the Jami Masjid (Cathedral Mosque) in Delhi and the Taj Mahal mausoleum in Agra. The city of Varanasi is known as a place of pilgrimage for Hindus who bathe in the Ganges, while Rishikesh is known as a yoga center and starting point for hiking in the Himalayas.
Despite regulatory deficits, India has emerged as one of the largest crypto markets in the world, with Bitcoin at number one, followed by Tether and Shiba Inu. Much of the growth didn’t come until 2021, as investors diversified their portfolios due to the uncertainty that came with COVID-19. Despite its regulatory uncertainty, India has emerged…
India Passes Controversial Crypto Law Imposing 30% Transaction Tax. In addition, traders have to pay a withholding tax of one percent. India is implementing its proposed tough cryptocurrency tax laws despite outcry from the crypto community. India’s Parliament voted in favor of a bill that would impose a 30 percent tax on crypto transactions with no…
Traders and investors are becoming more aware of the potential of cryptocurrencies, especially with their growing multi-trillion market cap. Marion Laboure, an analyst and senior economist at Deutsche Bank, recently published a research-based interview covering digital currencies and their potential to shape the future of global payments. Already, Bitcoin and Ethereum are being used in…