Cryptocurrency nonetheless stays a mystical topic for a lot of eager buyers in India. Whereas cryptos are slowly gaining recognition from buyers and regulators alike, with nations and main manufacturers adopting it as an official tender, there are nonetheless a sizeable quantity of people that want to spend money on crypto, however aren’t capable of intently observe breaking and creating information within the sector, which is able to assist them be aware of value actions, main sell-offs, and bulletins of recent blockchain-based developments.
This dwell information weblog is right here to assist. From main market losses to noteworthy declarations, comply with this dwell weblog to remain up to date with all the newest happenings on this planet of crypto.
Whereas there are various cryptocurrencies to discover, Bitcoin (BTC) is the most well-liked as it’s the world’s oldest and most valued crypto coin. As of September 15, Bitcoin value stood at $20,042.63, as per CoinMarketCap knowledge. On the time of writing, the worldwide crypto market cap stood at $986.57 billion, registering a dip of 1.12 % within the final 24 hours.
Whereas cryptocurrency is unregulated in India, cryptocurrencies are clubbed underneath digital digital property (VDAs). Underneath the brand new tax regime that went into impact on April 1 this yr, VDAs appeal to taxation of 30 % on beneficial properties. A TDS of 1 % is utilized on prime of that.
Disclaimer: Crypto merchandise and NFTs are unregulated and may be extremely dangerous. There could also be no regulatory recourse for any loss from such transactions. Cryptocurrency is just not a authorized tender and is topic to market dangers. Readers are suggested to hunt professional recommendation and skim supply doc(s) together with associated necessary literature on the topic rigorously earlier than making any sort of funding by any means. Cryptocurrency market predictions are speculative and any funding made shall be on the sole value and danger of the readers.