On a profit of Rs 50,000, one pays Rs 17,500 tax. If you have earned a profit of Rs 1,000 on the sale of cryptocurrency, then post the deduction of 30% tax, you will not get Rs 700. Cryptocurrency is a digital currency which is an alternative form of payment created using encryption algorithms. In … Read more
KEY POINTS FSC chair Huang reportedly had less optimistic views of digital currencies He reportedly warned investors against putting their money on “unapproved” digital asset platforms Taiwanese legislators last year pushed forward a bill that looks to “properly supervise” the crypto sector Taiwan is set to propose a draft law targeting digital currencies later this … Read more
The RBI’s MPC decides to hike the repo rate, which is called monetary tightening, when it needs to control inflation in the country. The Reserve Bank has been exploring the pros and cons of introduction of CBDC in India, the central bank said. A CBDC is the legal tender issued by a central bank in … Read more
The RBI’s MPC decides to hike the repo rate, which is called monetary tightening, when it needs to control inflation in the country. The Reserve Bank is trying to establish a fine balance on the proposed CBDC keeping various considerations in mind, says expert A ‘nuanced’ and ‘calibrated’ approach is required to India’s first Central … Read more
The RBI’s MPC decides to hike the repo rate, which is called monetary tightening, when it needs to control inflation in the country. The Reserve Bank has been exploring the pros and cons of introduction of CBDC in India, the central bank said. A CBDC is the legal tender issued by a central bank in … Read more
CBDC is a digital or virtual currency but it is not comparable to the private virtual currencies or cryptocurrency The RBI has been able to conduct a pilot and subsequent issuance of CBDC with the passage of the Finance Bill 2022, the central bank has said. The process to implement the Central Bank Digital Currency (CBDC) … Read more
