Crypto tax

CBDT releases crypto TDS guidelines

The CBDT (Central Board of Direct Taxes) has shared clear guidelines on the newly introduced TDS on crypto transfers which will be applicable from July 1.  The guideline was published on 22nd June evening, and in this blog and we’ll break it down for Blockmagic readers. The Income Tax department has published much-needed guidelines to throw…

crypto adoption world
Environment

Here is How Blockchains are Assisting with Reducing Environmental Impact

Over the last several years, governments and organizations worldwide have discovered that mitigating climate change and biodiversity loss challenges are only attainable through innovation. One of the means that could be highly useful in tackling the climate crisis is blockchain.  Blockchain could be utilized to ensure sustainable business practices via: Renewable energy As per UN…

Blockchain in banking and finance

Nigerian Stock Exchange to Utilize Blockchain for Trade Settlement

The Nigerian stock exchange plans to utilize blockchain for trade settlement. However, at present, young investors are more willing toward the crypto market, and exchanges are not receiving a lot of users. So, Nigerian Exchange Ltd, the largest stock exchange in Nigeria, plans to roll out a blockchain trading platform. Almost every country is considering…

Learn blockchain courses

IIT Kanpur Launches Online PG Certificate Course in Blockchain

The Indian Institute of Technology (Kanpur) has requested applications for admission into its Professional Certificate Program in Blockchain. The next cohort of the program started on June 9. Candidates can send their applications through the Simplilearn website.   As part of this program, candidates will have the opportunity to learn the fundamentals and technical aspects needed…

Cryptocurrency

Bitcoin Has No Intrinsic Value – Governor of The Bank Of England

The Bank of England’s Governer says that cryptocurrencies such as Bitcoin have no intrinsic value, and their utilization for payments is not practical. However, Andrew Bailey acknowledges that the underlying technology “may well lead to things.” His comment adds to a similar but more incriminating assessment of crypto by European Central Bank President – Christine Lagarde this Sunday. …