Cryptocurrency - Bitcoin

Evolving Landscape of Cryptocurrency: A Comprehensive Overview

Finance - Explore the genesis of cryptocurrency, its key features, notable currencies, regulatory challenges, and the future landscape. Join us on a journey through the evolving world of digital finance...

Non-Fungible Tokens (NFTs)

Finance - Explore the world of fungible and non-fungible tokens, their distinctions, and the transformative impact of NFTs on digital and physical asset ownership. Learn from real-world examples like Beeples $69 million NFT sale....

Bitcoin ETFs in India: Tax Implications and Strategic Analysis

Finance - This article aims to unravel the complexities surrounding the taxability of Bitcoin ETF gains, examining sections of the Indian Income Tax Act and analyzing the potential impact of regulatory changes and Securities and Exchange Board of India (SEBI) approval....

Integrating Quantum AI Bots for Enhanced Bitcoin Trading in Canada

Finance - With the rapid advancement of technology, the intersection of quantum computing and artificial intelligence (AI) has opened up new avenues for improving various industries....

Legal Aspects of Bitcoin Trading: A Comprehensive Guide for UK Users

Finance - Bitcoin and other cryptocurrencies have gained immense popularity in recent years. As more individuals and businesses are exploring the potential of this digital currency, it is crucial to understand the legal aspects of Bitcoin trading, especially for users in the United Kingdom....

FIU IND issues compliance SCN to 9 offshore VDA SPs

Finance - Financial Intelligence Unit India issues compliance notices to 9 offshore Virtual Digital Assets Service Providers. Ministry of Finance acts against illegal operations. Details here....

Regulation & Taxation of Cryptocurrencies: Government’s Approach

Finance - Learn about the Indian Government's approach to regulating and taxing cryptocurrencies issued by private agencies. Explore the current status of cryptocurrency regulation, taxation of Virtual Digital Assets (VDAs), international collaboration, and potential collaboration with state governments....

Govt collects TDS of Rs. 157.9 crore on transfer of Virtual digital Assets

Finance - Direct tax deducted at source from transfer of Virtual digital Assets aggregates to Rs. 157.9 crore upto 20th March 2023 for FY 2022-23 The Direct tax collected by way of tax deducted at source under section 194S of the Income-tax Act, 1961, on payments made upon transfer of Virtual digital Assets (VDA), aggregates to Rs. […]...

Crypto Assets require international collaboration to prevent regulatory arbitrage

Finance - Crypto Assets are borderless, require international collaboration to prevent regulatory arbitrage Under PMLA, Rs. 936 crore related to crypto currency is attached/seized/freezed by ED as on 31.01.2023 Crypto Assets are by definition borderless and require international collaboration to prevent regulatory arbitrage. This was stated by the ...

Currently, crpyto assets are unregulated in India

Finance - Currently, crpyto assets are unregulated in India. The government does not register crypto exchanges. Crypto assets by definition are borderless and require international collaboration to prevent regulatory arbitrage....

Section 148 Notice valid If Assessee failed to submit Crypto Currency Ledger

Parmesh Chand Yadav S/o Rameshwar Lal Yadav Vs ITO (Rajasthan High Court) - Assessee to satisfy the authority by submitting Crypto currency ledger to verify information as was submitted by him before AO in proceedings under Section 148A ...

HC cannot restrain sell of crypto currency namely “TATA coin/$TATA” outside India

Tata Sons Private Limited Vs Hakunamatata Tata Founders (Delhi High Court) - Tata Sons Private Limited Vs Hakunamatata Tata Founders (Delhi High Court) The plaintiff is a company incorporated in India. Though the plaint avers that documents showing involvement of the plaintiff, its subsidiaries and group companies in financial services including crypto currency, have been fi...

No bail to person alleged of fraudulently inducing people to invest in Crypto Currency Chit Fund

Umesh Verma Vs State (Delhi High Court) - Grant of bail was refused as applicant did not return the amounts due to the complainants and there was a breach of trust and faith and was against the national economy and national interest, whereby a large number of innocent investors had been duped of their hard-earned money....

HC set aside Criminal Case related to setting up of Bitcoin ATM

B V Harish Vs State of Karnataka (Karnataka High  Court) - B V Harish Vs State of Karnataka (Karnataka High  Court) In this case Karnataka High Court quashed and set aside a criminal case registered against founders of Bitcoin company, Unocoin for setting up a Bitcoin ATM in Bengaluru in 2018 as  the case has been registered against the petitioners based ...

CGST (Amendment) Bill, 2023 – Tax Changes on casinos, horse racing & gaming

Bill No. 119 of 2023 - (09/08/2023) - Explore key changes in CGST (Amendment) Bill 2023, focusing on taxability of casinos, horse racing, and online gaming. Understand new provisions...

Govt notifies Cryptocurrency – Virtual digital assets under PMLA, 2002

Notification No. S.O. 1072(E). - (07/03/2023) - Central Government hereby notifies that the following activities when carried out for or on behalf of another natural or legal person in the course of business as an activity for the purposes of said sub sub-clause, namely:- (i) exchange between virtual digital assets and fiat currencies; (ii)...

CBDT notifies Non fungible token as virtual digital asset

Notification No. 75/2022-Income Tax [S.O. 2959(E).] - (30/06/2022) - Notification No. 75/2022- (Income-tax) | Dated: 30th June, 2022– CBDT specifies a token which qualifies to be a virtual digital asset as non-fungible token within the meaning of sub-clause (a) of clause (47A) of section 2 of the Act but shall not include a non-fungible token whose transfer res...

Exclusion of certain digital assets from definition of virtual digital asset

Notification No. 74/2022-Income Tax [S.O. 2958(E).] - (30/06/2022) - Central Government hereby notifies following virtual digital assets which shall be excluded from the definition of virtual digital asset: (i) Gift card or vouchers, being a record that may be used to obtain goods or services or a discount on goods or services;...

CBDT Amends rule 31A and inserts new Form No. 26QF

Notification No. 73/2022- Income-Tax [G.S.R. 482(E).] - (30/06/2022) - Amendment of Income Tax rule 31A and insertion of Form No. 26QF (Quarterly statement of tax deposited in relation to transfer of virtual digital asset under section 194S to be furnished by an exchange for the quarter) vide Notification No. 73/2022- Income Tax Dated 30th June, 2022. Notification belo...

Recent Posts in "Cryptocurrency - Bitcoin"

Evolving Landscape of Cryptocurrency: A Comprehensive Overview

Explore the genesis of cryptocurrency, its key features, notable currencies, regulatory challenges, and the future landscape. Join us on a journey through the evolving world of digital finance...

Posted Under: Fema / RBI |

Non-Fungible Tokens (NFTs)

Explore the world of fungible and non-fungible tokens, their distinctions, and the transformative impact of NFTs on digital and physical asset ownership. Learn from real-world examples like Beeples $69 million NFT sale....

Posted Under: Fema / RBI |

Bitcoin ETFs in India: Tax Implications and Strategic Analysis

This article aims to unravel the complexities surrounding the taxability of Bitcoin ETF gains, examining sections of the Indian Income Tax Act and analyzing the potential impact of regulatory changes and Securities and Exchange Board of India (SEBI) approval....

Posted Under: Fema / RBI |

Integrating Quantum AI Bots for Enhanced Bitcoin Trading in Canada

With the rapid advancement of technology, the intersection of quantum computing and artificial intelligence (AI) has opened up new avenues for improving various industries....

Posted Under: Fema / RBI |

Legal Aspects of Bitcoin Trading: A Comprehensive Guide for UK Users

Bitcoin and other cryptocurrencies have gained immense popularity in recent years. As more individuals and businesses are exploring the potential of this digital currency, it is crucial to understand the legal aspects of Bitcoin trading, especially for users in the United Kingdom....

Posted Under: Fema / RBI |

Bitcoin’s Role in Australian Education: Opportunities and Roadblocks

Bitcoin and blockchain technology have gained significant attention in recent years, revolutionizing various industries worldwide. To comprehend the potential impact of Bitcoin in Australian education, it is essential to first understand the basics of Bitcoin and how blockchain technology works....

Posted Under: Fema / RBI |

FIU IND issues compliance SCN to 9 offshore VDA SPs

Financial Intelligence Unit India issues compliance notices to 9 offshore Virtual Digital Assets Service Providers. Ministry of Finance acts against illegal operations. Details here....

Posted Under: Fema / RBI |

Future of Artificial Intelligence in Everyday Life

Artificial intelligence (AI) has become an integral part of our lives, revolutionizing various industries and transforming the way we interact with technology. From voice assistants to personalized recommendations, AI is making our everyday tasks more efficient and convenient....

Posted Under: Fema / RBI |

An Exploration of Coin Mixing Techniques: Bitcoin’s ValueShuffle

Discover the evolution of coin mixing with ValueShuffle in Bitcoin transactions. Explore its advantages, technical architecture, security, and the potential future it holds. Stay informed on cryptocurrency privacy enhancements....

Posted Under: Fema / RBI |

Accounting for Crypto Currencies

Cryptocurrency is an intangible digital token recorded using a blockchain. Learn more about accounting for cryptocurrencies here! #AccountingforCryptoCurrencies...

Posted Under: Fema / RBI |

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