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‘Is cryptocurrency legal now?’ asks Congress as Centre taxes digital assets

Finance minister Nirmala Sitharaman on Tuesday announced a 30 per cent tax on any income from the transfer of virtual digital assets, specifying that no deductions and exemptions will be allowed.
Congress general secretary Randeep Singh Surjewala (Ishant Kumar / File Photo)
Congress general secretary Randeep Singh Surjewala (Ishant Kumar / File Photo)
Updated on Feb 01, 2022 01:35 PM IST
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Written by Joydeep Bose, Hindustan Times, New Delhi

Regulating crypto assets in India

  • The study has been authored by Megha Bal, Shweta Venkatesan and Varun Ramdas
The size of first-generation internet technology companies today is testament to the enabling power of safe harbours as a tool to promote innovation. If the crypto asset space presents the future of the internet, as many experts propound, it is imperative that the crypto industry be afforded the same legal succour that allowed big technology companies to reach where they are today.(iStock)
The size of first-generation internet technology companies today is testament to the enabling power of safe harbours as a tool to promote innovation. If the crypto asset space presents the future of the internet, as many experts propound, it is imperative that the crypto industry be afforded the same legal succour that allowed big technology companies to reach where they are today.(iStock)
Published on Jan 04, 2022 04:24 PM IST
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ByHindustan Times

Bitcoin plunges over 20% in another sign of global market nerves

Ether, the second-largest token, fell as much as 17.4% before trimming the retreat to about 10%. The overall crypto sector has shed around a fifth of its value, sliding to $2.2 trillion, according to tracker CoinGecko.
Representation of cryptocurrency bitcoin is seen in this illustration taken November 29, 2021. (REUTERS)
Representation of cryptocurrency bitcoin is seen in this illustration taken November 29, 2021. (REUTERS)
Published on Dec 04, 2021 12:11 PM IST
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Bloomberg |

HTLS 21: Cryptocurrency policy must be neutral, says economist Lawrence Summers

According to the leading US economist, it is expected that such a neutral policy on cryptocurrency will lead the economy to a “middle way” – which is more permissive than the entrenched financial interests that do not want to see this disruptive innovation.
Leading US economist Lawrence H Summers in conversation with Mint editor Sruthijith KK on Day 2 of the Hindustan Times Leadership Summit (HTLS). 
Leading US economist Lawrence H Summers in conversation with Mint editor Sruthijith KK on Day 2 of the Hindustan Times Leadership Summit (HTLS). 
Published on Dec 01, 2021 07:55 PM IST
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Written by Joydeep Bose | Edited by Amit Chaturvedi, Hindustan Times, New Delhi

Cryptocurrency in India: Is a blanket ban possible? Here's how things may change

Transferring cryptocurrencies from one wallet to another is essentially no different from sharing files from one computer to the other, so a regulatory ban might not take away people's ability to send cryptocurrencies to each other. But it could complicate the process:
The definition of what exactly constitutes as ‘private’ cryptocurrency has not yet been clarified by the central government yet. (Representational Image / File)
The definition of what exactly constitutes as ‘private’ cryptocurrency has not yet been clarified by the central government yet. (Representational Image / File)
Updated on Nov 24, 2021 01:56 PM IST
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Written by Joydeep Bose | Edited by Amit Chaturvedi, Hindustan Times, New Delhi
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