India seeking to tax crypto ecosystem and trades

    According to a tweet posted on Monday by ET Now, the Indian government is anticipating taxing crypto trades and ecosystem in the nation. The tax department is in favor of taxing crypto trades and exchanges and the government believes that any task that results in income must pay tax. The development comes in as the…

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    NPCI denies banning crypto trades in India; puts the onus on banks

      National Payments Corporation of India which runs UPI in India has denied banning crypto transactions. The domestic payments authority has instead asked banks to take a stand considering their risk assessment. The decision should be taken based on the advice of the banks’ compliance and legal departments. The NPCI’s suggestion is important at a time…

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