Blockchain & crypto news from India
In what could mar the mood of the cryptocurrency investors in India, the goods and services tax (GST) Council is expected to mull imposing a 28% tax on cryptos. The proposal is anticipated to be tabled in the upcoming GST Council meeting. As per reports the 28% GST will be in addition to the 30%…
President of El Salvador Nayib Bukele received praises from the crypto world the previous year when he vowed to create a tax-free Bitcoin city on the nation’s coast, complete with geothermal energy for mining digital coins from a volcano in the near vicinity. To finance it, Bukele said a crowd of onlookers, the government would…
Mudrex, an Indian crypto-asset management company intends to make crypto investments easier. In a seed round led by Nexus Venture Partners, it has raised $2.5 million (approx. Rs. 18.5 crores). Nexus has a number of investments in India including Unacademy, Zomato, OLX and many more. The firm had earlier raised $750,000 from Better Capital, Y…