Tag: crypto taxation

Indian cryptocurrency exchange Bitbns announces zero TDS on crypto SIP investments

Indian cryptocurrency exchange Bitbns announces zero TDS on crypto SIP investments

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Cryptocurrency exchange Bitbns has announced zero tax deduction at source (TDS) for its users who have invested in systematic investment plans (SIP). This development comes as crypto investors disappear from Indian crypto exchanges post July 1, after the crypto TDS (tax) was implemented. Crypto SIP is similar to regular SIP in mutual funds, allowing one […]

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From outright ban to ‘clear danger’: A look at RBI’s stance on crypto in India

From outright ban to ‘clear danger’: A look at RBI’s stance on crypto in India

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The Reserve Bank of India has been a vocal critic of cryptocurrency, calling it a tool for money laundering not once but several times. On Thursday, Reserve Bank Governor Shaktikanta Das described cryptocurrencies as a “clear danger” and said that anything that derives value based on make-believe, without any underlying, is just speculation under a […]

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