Indian Govt may allow to crypto tokens for financial transactions | Good News for Crypto in India
Asian Games 2018 Day 10 Live: India win 2 silvers in archery, bronze in TT; PV Sindhu bags silver
Budget 2018: Top 5 reasons why Indian cryptocurrency holders should keep track
Cryptocurrencies has made millionaires, even billionaires of the people who invested in in its early years, but the economy regulatory bodies of India are still wary.
Techies, fintech experts, even the common man with an investment in this volatile offering looks to the
to give some clarity on the government’s stance on cryptocurrencies.
Cryptocurrencies has made millionaires, even billionaires of the people who invested in in its early years, but the economy regulatory bodies of India are still weary.
Here are five things the Budget might provide clarity on pressing issues:
whether a tax on transaction (similar to Securities Transaction Tax) or on returns from trading would be taxed and if so, at what rates, would help bring clarity on perhaps the hundreds of crores in Bitcoin, ethereum and other cryptocurrency held by Indian citizens and prevent the transfer of these to obscure wallets beyond Indian shores
J&J's faulty hip implant: Group of patients seeks expedited release of expert panel report
Indian renewables sector to see strong growth, favourable policy support : Report
Banks fear more losses as stressed power assets get referred to bankruptcy courts in 15 days
While Zebpay, Koinex already ask for documents like PAN and Aadhar, proper KYC steps can help alleviate government concerns around money laundering and also make it easier for these platforms to set and enforce standards
: Government directives to banks about reporting money transferred to cryptocurrency platforms, instead of totally blocking such transfers, may unearth unaccounted income and also help ease issues of legitimate investors whose investments through these crypto platforms are today in a limbo due to lack of withdrawal facilities
Initial Coin Offerings are a rage and Indian start-ups may at some time also look to jump in and issue their own ICOs; clear regulations around this can help protect investors while also enabling legitimate start-ups to get access to funding
Exploring smart contracts in government processes:
Dubai, Estonia and other countries are starting to explore using ‘smart contracts’ which are based on blockchain technologies for keeping land records, etc.; land records has been an intractable problem for a large country like India and declaration of pilot around using ‘smart contracts’ can help start more innovations around blockchain technology and also may also reduce corruption
India Union Budget 2018: What does Finance Minister Arun Jaitley have up his sleeve?
Click here for live Budget 2018 news, views and analyses.
As rupee hits all-time low of 70/USD, these 6 sectors are seen to benefit the most
Surprise exit: Infosys CFO MD Ranganath quits, Narayana Murthy calls it 'irreplaceable loss'
Ideas for Profit: Which logistics plays should you bet on?
Podcast | Digging Deeper - A bite of Apple's trillion-dollar journey
Air pollution can 'significantly' reduce intelligence: Study
Most liveable cities: Pune best city to live in India but which is the best in the world?
Airtel offers three months' Netflix subscription for free
Air Asia offering cheap flight tickets starting at Rs 1,199
Boost for electric vehicles: Government plans to offer Rs 1.4 lakh subsidy
Budget 2018: Top 5 reasons why Indian cryptocurrency holders should...
Banks fear more losses as stressed power assets get referred to...
L&T sees a Rs 20,000-crore opportunity in water solutions
Lenovo to expand data centre business in India, plans $1.2 billion...
0 Reviews:
Post Your Review