Fresh off gaining their freedom to operate unencumbered, Indian cryptocurrency exchanges are seeking new tax guidance from the government. Earlier today, the India Times reported that several of the country’s notable crypto exchanges have written to the Reserve Bank to decry the state of tax guidelines for their space. As the report explained, their letter pointed out that…
Indian cryptocurrency platforms have reached out to the country’s apex bank, the Reserve Bank of India (RBI) seeking clarity around their legal status which would have a bearing on how they will be taxed domestically. This, according to a report by The Economic Times, May 4, 2020. Although the Supreme Court of India recently quashed…
Since 2016, Zcash has become one of the most widely adopted digital currencies, supported by high-quality financial institutions and crypto companies around the world. At Electric Coin Co. (ECC), our primary focus is driving universal accessibility of Zcash, because we believe that private, non-censorable transactions are necessary for business and commercial use cases. Zcash is…
The cryptocurrency exchanges in India, which had witnessed a renewed wave of interest and enthusiasm after the Supreme Court’s landmark ruling against the RBI, have written to the central bank of India for seeking clarity on the tax front. Following the abolishing of RBI’s ruling that dramatically reduced the scope of cryptocurrency exchanges in India…
Cryptocurrency exchanges in India have approached the Reserve Bank of India (RBI) to verify their status, as financial institutions have refused to provide them with the necessary financial services, due to lack of clarity from regulators. According to a report by Economic Times today, Indian crypto exchanges have written to the country’s apex bank to…
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However, in all cases, VAT will be due within the regular means from suppliers of any items or providers offered in exchange for bitcoin or other related cryptocurrency. Profits and losses on cryptocurrencies are subject to capital gains tax. In September 2017 the Bank of Namibia issued a position paper on digital currencies entitled whereby…
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We are pleased to announce the new partnership of Neironix with BIKI, one of the leading cryptocurrency exchanges with headquarters in Singapore. Now, trading operations on BIKI will be integrated into some Neironix instruments, including an investment portfolio and a news terminal. Users will be able to save and track the results of their transactions…
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