Tag: Indian crypto exchanges

Explained | Why is crypto trade within PMLA ambit?

Explained | Why is crypto trade within PMLA ambit?

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Indian crypto exchanges will now have to report any suspicious activity related to buying or selling of cryptocurrency to the Financial Intelligence Unit – India (FIU-IND). File | Photo Credit: Reuters The story so far: On March 7, to further tighten the loosely regulated crypto market, the Finance Ministry said that all virtual digital assets […]

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‘1 per cent TDS not done’: Crypto traders disappear from exchanges after July 1

‘1 per cent TDS not done’: Crypto traders disappear from exchanges after July 1

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“Paying 1 per cent TDS on every trade is just not done. Crypto is already so volatile, and on top of that, the tax implementation has made it difficult for traders to put their money in cryptos,” Anshul Sharma, 25, a crypto trader based in Mumbai tells indianexpress.com. Like Sharma, many traders have stopped trading […]

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