The Finance Minister Nirmala Sitharaman on Tuesday proposed to tax gains from the transfer of virtual assets at a flat rate of 30% in her Budget speech.



#India #Crypto #Tax #Regulations

Crypto tax in India is now a reality! India’s 30% flat levy on all capital gains made on cryptocurrencies kicked in on April 1 in a development likely to stifle the relatively nascent industry in the country.

#Crypto #CryptoTax #India

India Ranks 3rd Largest WEB3.0 Workforce.

According to #NASSCOM India includes 11% of the world's #Web3.0 talent. With approximately 75,000 #blockchain professionals working in the country, India is the third-largest Web 3.0 workforce in the world according to this statistic.

450 web 3.0 #startups, including four unicorn enterprises, are based in #India. The Indian web 3.0 startups, has raised $1.3 billion in funding.

Furthermore, over 60% of startups have increased their #global presence.

India's relationship with cryptocurrency has been marked by uncertainty and regulatory changes. From initial concerns and attempts to ban crypto to the recent move to tax digital assets at 30%, India's stance on cryptocurrencies has evolved.

With the G20 Summit and international discussions, India seeks global collaboration in regulating crypto, signaling potential opportunities and challenges in its crypto landscape.


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#India #G20 #G20Summit #Crypto #Bitcoin #Coinpedia #Regulations

🔥India Leads Crypto Adoption Again!🔥

India tops global charts for crypto adoption for the second year, despite tough regulations and high taxes.

🚀 Chainalysis report highlights India’s strong usage of centralized and decentralized finance assets from June 2023 to July 2024.

#Crypto #Blockchain #India #cryptoadoption