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 spend money on crypto, however aren’t in a position to carefully monitor breaking and growing information within the sector, which is able to assist them pay attention to worth actions, main sell-offs, and bulletins of recent blockchain-based developments.
This reside information weblog is right here to assist. From main market losses to noteworthy declarations, observe this reside weblog to remain up to date with all the most recent happenings on this planet of crypto.
Whereas there are numerous cryptocurrencies to discover, Bitcoin (BTC) is the most well-liked as it’s the world’s oldest and most valued crypto coin. As of September 15, Bitcoin worth stood at $20,042.63, as per CoinMarketCap knowledge. On the time of writing, the worldwide crypto market cap stood at $986.57 billion, registering a dip of 1.12 % within the final 24 hours.
Whereas cryptocurrency is unregulated in India, cryptocurrencies are clubbed beneath digital digital belongings (VDAs). Underneath the brand new tax regime that went into impact on April 1 this yr, VDAs appeal to taxation of 30 % on features. A TDS of 1 % is utilized on high 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 browse supply doc(s) together with associated essential literature on the topic rigorously earlier than making any form of funding by any means. Cryptocurrency market predictions are speculative and any funding made shall be on the sole value and danger of the readers.