Page 4 - Cryptocurrency
Top headlines: Income in US on I-T radar, Sri Lanka cabinet resigns
Union Minister Piyush Goyal says people are looking at India as an emerging global superpower. More on this in our top stories.
 "Top headlines: Income in US on I-T radar, Sri Lanka cabinet resigns")
Cryptocurrency exchanges feel pinch as India's new tax regime starts
Sharp fall in volumes and number of visitors on first three days of April
 "Cryptocurrency exchanges feel pinch as India's new tax regime starts")
The 1% tax that has India's cryptocurrency industry predicting chaos
Along with the capital gains charge, the finance ministry announced a 1% tax deductible at source, or TDS, on all digital-asset transfers above a certain size, starting July 1
 "The 1% tax that has India's cryptocurrency industry predicting chaos")
From IPOs to PF, here's a list of changes that come into effect on Friday
Initial public offerings (IPO) launched after April 1 shall provide a sub-quota within the high net-worth individual (HNI) quota for those investing between Rs 2 lakh and Rs 10 lakh.
 "From IPOs to PF, here's a list of changes that come into effect on Friday")
Hackers steal over $600 mn in one of the major crypto heists
Hackers stole about $600 million from a blockchain network connected to the popular Axie Infinity online game in one of the biggest crypto attacks to date
 "Hackers steal over $600 mn in one of the major crypto heists")
Hacker steals $625 mn in crypto from Blockchain platform Ronin
In December last year, cyber criminals stole cryptocurrency worth $80 million from Qubit Finance, a decentralised finance (DeFi) platform.
 "Hacker steals $625 mn in crypto from Blockchain platform Ronin")
Buoyant bitcoin helps crypto market surge past $2 trillion barrier
Bitcoin's jumpiness has waned of late. Its 30-day volatility is around 4 per cent, about two-thirds the level it was in June 2021
Cryptoverse: Buoyant Bitcoin helps market cruise past $2 trn
At Monday's high of $47,765, market leader Bitcoin broke above the narrow $34,000-$44,000 range it's traded in for most of 2022
 "Cryptoverse: Buoyant Bitcoin helps market cruise past $2 trn")
Bitcoin holds ground after touching its highest this year amid Ukraine war
Bitcoin held ground just below its highest this year, touched a day earlier, with gains for the original cryptocurrency topping 27% since Russia's invasion of Ukraine
 "Bitcoin holds ground after touching its highest this year amid Ukraine war")
Cryptoverse: Buoyant bitcoin helps market cruise past $2 trillion
As a bleak first quarter draws to a close, crypto seems to have the wind in its sails. It has pushed through the $2 trillion barrier and is proving surprisingly resilient amid global chaos
 "Cryptoverse: Buoyant bitcoin helps market cruise past $2 trillion")
11 crypto exchanges found to be evading Rs 81.54 cr in GST, says govt
WazirX, Coin DCX and CoinSwitch Kuber among companies under investigation, Parliament is told
 "11 crypto exchanges found to be evading Rs 81.54 cr in GST, says govt")
Japan to revise forex law to end crypto loophole for sanctions on Russia
Japan will revise its foreign exchange law to prevent Russia from evading Western financial sanctions following Moscow's invasion of Ukraine through cryptocurrency assets, government officials said
 "Japan to revise forex law to end crypto loophole for sanctions on Russia")
Cryptocurrency aid for Ukraine: Innovation or just a sideshow?
Since Feb 26, when Ukrainian officials began tweeting calls for cryptocurrency donations, the Ukrainian government says it has taken in more than $60 million of its $200 million goal as of Wednesday
 "Cryptocurrency aid for Ukraine: Innovation or just a sideshow?")
Top headlines: RBI reviews payment firms; US recovery helps India exports
The RBI has decided to review the business models of payment aggregators in view of a spate of frauds hitting customers.
 "Top headlines: RBI reviews payment firms; US recovery helps India exports")
Top headlines: Govt to seek crypto transactions log; Covid haunts economy
The tax authorities may tell banks crypto exchanges to report on virtual digital assets' transactions as India is starting is to tax gains from crypto
 "Top headlines: Govt to seek crypto transactions log; Covid haunts economy")
Centre may seek crypto log on transactions from banks, exchanges
Sale and purchase of digital assets will reflect in the AIS
 "Centre may seek crypto log on transactions from banks, exchanges")
Amitabh Bachchan pays up after DGGI evasion notice on NFT sale
Bachchan had entered into an agreement with Rhiti Entertainment Pte. Ltd, Singapore, for conversion of his content into NFTs by way of an auction.
 "Amitabh Bachchan pays up after DGGI evasion notice on NFT sale")
Cryptoverse: Bitcoin not anonymous enough for growing cohort of users
A volatile class of crypto known as privacy coins has quietly been gaining ground this month as maturing bitcoin inches towards mainstream finance
 "Cryptoverse: Bitcoin not anonymous enough for growing cohort of users")
Crypto industry miffed by govt's position on barring tax deductions
Losses from one kind of VDA like cryptos and NFTs can't be set off against gains from another. Infra cost in mining such assets won't be allowed to be used for availing any deductions
Crypto mining cost not to be allowed as deduction under I-T Act: FinMin
The minister said while computing the income from transfer of VDA, no deduction in respect of any expenditure (other than the cost of acquisition) or allowance is allowed
