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Nirmala Sitharaman
India's Crypto Discussion Paper on Hold Due to Other Priorities
Financial authorities have had to prioritize matters such as the nation's budget during an election year, meetings with other nations and the impending World Bank annual meetings.
India Keeps Controversial Crypto Tax Rules Unchanged, Finance Minister's Budget Speech
The budget is the first since Prime Minister Narendra Modi was elected for a third straight term.
India Unlikely to See Crypto Tax Reduction in Tuesday's Budget
An unexpected election result and last week's $230 million hack of crypto exchange WazirX appear to have dented any hopes of a reduction in the tax.
India Keeps Stiff Taxes on Crypto as Interim-Budget Is Revealed in Election Year
Expectations were low for a change in the stiff taxes on crypto transactions: a 30% tax on profits and a 1% TDS on all transactions.
G20 Set to Crystalize Global Crypto Rules as India Wraps Up Presidency
G20 nations, supported by the FSB and IMF under India’s presidency, are set to bring into implementation perhaps the first global crypto regulations ahead of the Leaders’ Summit in September.
Indian Authorities Asked to Restore Crypto Exchanges' Access to UPI
An Indian crypto exchange and a policy firm have separately asked the government to let crypto firms access the national Unified Payments Interface (UPI) after it was ostensibly suspended in 2022.
India Keeps Restrictive Crypto Tax Rules in 2023 Budget
India instituted a 30% tax on profits and a 1% tax deducted at source (TDS) on all transactions for the crypto sector in 2022. Now the world's largest democracy is keeping its restrictive crypto tax rules unchanged in 2023 as Finance Minister Nirmala Sitharaman did not mention crypto, virtual digital assets, blockchain or central bank digital currencies (digital rupee) while unveiling the nation’s budget. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses how this could impact crypto adoption and trading volumes in the country.
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.
Indian Finance Minister Says Crypto Regulation Should Be an International Priority
The country will host next year's G-20 summit and thus help shape the agenda.
India’s 30% Crypto Tax Proposal Explained
Indian Finance Minister Nirmala Sitharaman announced the nation’s budget Tuesday, revealing it will tax digital assets at a 30% rate and launch a digital rupee by 2023.
