Officer’s Committee recommends delaying the decision on the crypto GST.
The GST Council has been directed by the officials’ committee to postpone a decision regarding bitcoin and other forms of virtual property tax. The Fitment Committee said in its report back to the GST Council that a rule on cryptocurrency law is pending. It may be crucial to categorize all associated supplies with the crypto-ecosystem in order to determine if they are goods or services.
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The GST Council has been directed by the officials’ committee to postpone a decision regarding bitcoin and other forms of virtual property tax. The Fitment Committee said in its report back to the GST Council that a rule on cryptocurrency law is pending. It may be crucial to categorize all associated supplies with the crypto-ecosystem in order to determine if they are goods or services.
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Clampdowns and ambiguous regulations force crypto exchange founders to flee India.
MULTIPLE INDIAN entrepreneurs and builders in the Web 3.0 space are relocating to another nation in an attempt to relocate to more crypto-friendly locales. Nischal Shetty and Siddharth Menon, co-founders of India’s largest cryptocurrency exchange WazirX, have relocated to Dubai with their families.
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MULTIPLE INDIAN entrepreneurs and builders in the Web 3.0 space are relocating to another nation in an attempt to relocate to more crypto-friendly locales. Nischal Shetty and Siddharth Menon, co-founders of India’s largest cryptocurrency exchange WazirX, have relocated to Dubai with their families.
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Hardware is put up for sale after the crypto meltdown
The worst losing streak in cryptocurrency history is having a cascading effect on technology prices, which supported the labor-intensive process of mining these digital resources. The days of cryptocurrency miners and gear producers hoarding funds during the current rise in digital assets are long gone.
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The worst losing streak in cryptocurrency history is having a cascading effect on technology prices, which supported the labor-intensive process of mining these digital resources. The days of cryptocurrency miners and gear producers hoarding funds during the current rise in digital assets are long gone.
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