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Cryptocurrency nonetheless stays a mystical topic for a lot of eager buyers in India. Whereas cryptos are slowly gaining recognition from buyers and regulators alike, with international locations 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 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, comply with this reside weblog to remain up to date with all the most recent happenings on this planet of crypto.
Whereas there are a lot of cryptocurrencies to discover, Bitcoin (BTC) is the most well-liked as it’s the world’s oldest and most valued crypto coin. As of July 6, Bitcoin worth stood at $20,249.54, as per CoinMarketCap information. On the time of writing, the worldwide market cap of the crypto market stood at $898.68 billion, registering a dip of 1.51 % previously 24 hours.
Whereas cryptocurrency is unregulated in India, cryptocurrencies are clubbed below digital digital property (VDAs). Beneath the brand new tax regime that went into impact on April 1 this yr, VDAs entice taxation of 30 % on features. A TDS of 1 % will probably be 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 isn’t a authorized tender and is topic to market dangers. Readers are suggested to hunt professional recommendation and browse provide doc(s) together with associated vital literature on the topic rigorously earlier than making any sort of funding in any respect. Cryptocurrency market predictions are speculative and any funding made shall be on the sole price and threat of the readers.
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