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India
India's Crypto Tax Amendment Could Punish Evaders With Jail Time, Attorneys Say
In 2022 India instituted a 30% tax on profits and a 1% tax deducted at source (TDS) on all transactions for the crypto sector.
Crypto India Looks for Relief but Holds Out Little Hope in Budget Speech
India is unlikely to make any crypto related tax cuts, multiple sources said.
WazirX Says Binance Lied About Ownership as Dispute About India’s Largest Exchange Escalates
The back-and-forth about the ownership of WazirX could have a devastating effect on the Indian exchange and its users.
India Has Clamped Down on Crypto. What Will It Do With Its G-20 Power?
As this year's president of the intergovernmental forum, India can dictate how developed countries think about the future of crypto regulation, says CoinDesk's Amitoj Singh.
Indian Government Launches Blockchain Initiative With 5ire, Network Capital
5ire said in July it raised $100 million in Series A funding from U.K.-based conglomerate Sram and Mram.
Crypto Speculation Has Had Its 'Comeuppance': Raghuram Rajan
But that shouldn’t disqualify blockchain technology. Regulators should steer clear of extreme measures, the former governor of India’s central bank told CoinDesk in Davos.
WazirX's Proof-of-Reserves Report Shows 90% of User Assets Are in Binance Wallets
Indian crypto exchange WazirX released its proof of reserves report that disclosed 90% of its user assets are held in Binance wallets. "The Hash" panel discusses the Twitter drama between WazirX and Binance CEO Changpeng "CZ" Zhao.
90% of WazirX's User Assets Are in Binance Wallets, According to Proof-of-Reserves Report
"We are not only India's largest crypto exchange by volume but also India’s largest crypto cxchange by reserves," a WazirX blog post said.
India’s Crypto Outlook
WazirX executive warns last year’s troubles may spillover into 2023. That story and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."
Indians Moved Over $3.8B to Foreign Exchanges Since Crypto Tax Rules
A study from the Esya Centre provides the first monetary estimate of what effect the country's crypto taxes has had on domestic trading platforms.
