Cryptocurrency nonetheless stays a mystical topic for a lot of eager traders in India. Whereas cryptos are slowly gaining recognition from traders and regulators alike, with nations and main manufacturers adopting it as an official tender, there are nonetheless a sizeable quantity of people that want to put money into crypto, however aren’t in a position to carefully monitor breaking and growing information within the sector, which is able to assist them be aware of value actions, main sell-offs, and bulletins of latest blockchain-based developments.
This stay information weblog is right here to assist. From main market losses to noteworthy declarations, observe this stay weblog to remain up to date with all the newest happenings on this planet of crypto.
Whereas there are various cryptocurrencies to discover, Bitcoin (BTC) is the most well-liked as it’s the world’s oldest and most valued crypto coin. As of October 20, Bitcoin value stood at $19,051.39, as per CoinMarketCap knowledge. On the time of writing, the worldwide crypto market cap stood at $914.59 billion, registering a dip of 1.41 p.c within the final 24 hours.
Whereas cryptocurrency is unregulated in India, cryptocurrencies are clubbed underneath digital digital belongings (VDAs). Below the brand new tax regime that went into impact on April 1 this yr, VDAs appeal to taxation of 30 p.c on good points. A TDS of 1 p.c is utilized on prime of that.
Disclaimer: Crypto merchandise and NFTs are unregulated and will be extremely dangerous. There could also be no regulatory recourse for any loss from such transactions. Cryptocurrency just isn’t a authorized tender and is topic to market dangers. Readers are suggested to hunt professional recommendation and skim supply doc(s) together with associated essential literature on the topic fastidiously earlier than making any type of funding in any respect. Cryptocurrency market predictions are speculative and any funding made shall be on the sole value and threat of the readers.