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  Lok Sabha passes Finance Bill; completes budgetary exercise for FY23

  Business | March 25, 2022 17:53 IST

  The Finance Bill was approved by the Lower House after accepting 39 official amendments moved by Finance Minister Nirmala Sitharaman and rejecting the amendments proposed by the opposition by voice vote.

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  Crypto mining cost not to be allowed as deduction under IT Act

  Business | March 21, 2022 20:42 IST

  The 2022-23 Budget has brought in clarity concerning the levy of income tax on crypto assets. From April 1, a 30 per cent I-T plus cess and surcharges will be levied on such transactions in the same manner as it treats winnings from horse races or other speculative transactions.

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  No plans to introduce cryptocurrency: Minister of State for Finance Pankaj Chaudhary

  India | March 15, 2022 17:08 IST

  "RBI does not issue a cryptocurrency. Traditional paper currency is a legal tender and is issued by RBI in terms of provisions of RBI Act, 1994. A digital version of traditional paper currency is called Central Bank Digital Currency (CBDC)," said Minister of State for Finance Pankaj Chaudhary.

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  Indian-American among 2 indicted by US court for role in cryptocurrency money laundering

  Business | March 11, 2022 8:29 IST

  In August 2020, Boyd and Mehtani traveled to Longview, Texas, where they attempted to exchange more than USD 4,50,000 for Bitcoin. They were temporarily detained and the money was seized.

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  18% of super-rich Indians invested in cryptocurrencies, NFTs last year: Report

  Business | March 01, 2022 19:09 IST

  In its Wealth Report, Knight Frank stated that 18 percent of global UHNWIs now own cryptocurrencies or tokens, and 11 percent have invested in NFTs (non-fungible tokens).

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  'Legal or illegal', Supreme Court asks Centre to make its stand clear on Bitcoins

  Business | February 25, 2022 13:41 IST

  Notably, the The Reserve Bank of India's order banning banks from supporting crypto transactions, was reversed in March 2020, by the Supreme Court.

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  Russia-Ukraine News: Bitcoin donations soar for Ukrainian army amid war with Russia

  Business | February 25, 2022 13:31 IST

  Pro-Ukraine groups and pro-crypto communities on social media platforms like Twitter and Facebook have also contributed.

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  Banning cryptocurrency perhaps most advisable choice open to India: RBI Deputy Governor

  Business | February 14, 2022 22:03 IST

  We have seen that crypto-technology is underpinned by a philosophy to evade government controls. Cryptocurrencies have specifically been developed to bypass the regulated financial system. These should be reason enough to treat them with caution, RBI Deputy Governor T Rabi Sankar said.

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  Discussions underway with RBI on crypto, digital currency: FM Sitharaman

  Business | February 14, 2022 22:09 IST

  Sitharaman, in her Budget speech on February 1, had announced that Digital Rupee or Central Bank Digital Currency (CBDC) would be issued by the RBI in the coming fiscal year. She had also announced the government will levy 30 per cent tax on gains made from any other private digital assets from April 1.

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  Cryptocurrencies not legal right now in India, says Union minister Bhagwat Karad

  India | February 12, 2022 19:17 IST

  The Reserve Bank of India and the Union government have not given any sort of recognition to cryptocurrencies and, therefore, they are not legal in the country right now, the Union minister of state for finance, who had come here to attend a function, told reporters.

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  What Nirmala Sitharaman said on taxing and banning cryptocurrency

  Business | February 11, 2022 13:23 IST

  Replying to the general discussion on Union Budget, the minister said, "I am not going to legalize it or ban it at this stage. Banning or not banning will come subsequently, when consultations give me input".

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  Cryptocurrencies are threat to macroeconomic and financial stability, warns RBI governor

  Business | February 10, 2022 17:10 IST

  Cautioning investors, the governor said such assets have no underlying whatsoever, not even a tulip.

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  US reports largest-ever cryptocurrency seizure; couple arrested for laundering billions of dollars

  World | February 09, 2022 12:58 IST

  Ilya “Dutch” Lichtenstein (34) and his wife Heather Morgan (31) were arrested in Manhattan. Both have been accused of relying on various sophisticated techniques to launder stolen cryptocurrency.

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  India's digital currency to debut by early 2023: Government source

  Business | February 06, 2022 12:31 IST

  A top government source, who wished not to be identified said, the digital currency issued by the RBI would be numbered in units, just like every fiat currency has an unique number.

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  Will Bitcoin, Ethereum, NFT become legal tender? Here's what Govt says

  Business | February 02, 2022 18:31 IST

  Bitcoin, Ethereum, or NFT will never become legal tender. Crypto assets are assets whose value will be determined between two people. You can buy gold, diamond, crypto, but that will have not have the value authorization by the government, Finance Secretary said.

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  Cryptocurrency: India's own digital currency to come soon; how much tax it will attract | Key points

  Business | February 01, 2022 14:36 IST

  Budget 2022: With this, India will join certain countries that have their own central bank digital currency (CBDC) that refers to the virtual form of a fiat currency. She also said Rs 1 lakh crore financial assistance to states will be provided in 2022-23 to catalyse investments.

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  India imposes 30% tax on income from cryptocurrency, digital assets; 1% TDS on buy/sale

  Business | February 01, 2022 13:54 IST

  The tax proposals will come into effect from April 1 after the passage of the Union Budget in Parliament.

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  Cryptocurrency has some financial stability issues: Principal Economic Advisor

  Business | February 01, 2022 7:58 IST

  A consensus had emerged at the meeting for "progressive and forward-looking" steps while ensuring that an unregulated crypto market does not become an avenue of "money laundering and terror financing".

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  Budget 2022-23 to be tabled today: Here's what to expect

  Business | February 01, 2022 7:06 IST

  While Indian corporates are expecting some key announcements which will enable them to reset their growth agenda, individual taxpayers are expecting some more disposable income in their hands to invest and consume more.

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  Delhi man's Rs 4.5 cr cryptocurrency fraudulently transferred to Palestine's Hamas wing

  Business | January 24, 2022 13:54 IST

  Delhi Police traced fraudulently transfer of those cryptocurrencies of current value Rs 4.5 crore to three different foreign accounts, including one to Palestinian militant organisation Hamas.