‘1 per cent TDS not executed’: Crypto traders disappear from exchanges after July 1

“Paying 1 per cent TDS on each commerce is simply not executed. Crypto is already so risky, and on high of that, the tax implementation has made it troublesome for traders to place their money in cryptos,” Anshul Sharma, 25, a crypto dealer based mostly in Mumbai tells indianexpress.com. Like Sharma, many traders have stopped … Read more

Fight looms over New York’s bid to slow crypto mining boom

Written by Luis Ferré-Sadurní, Grace Ashford, Dana Rubinstein and David Yaffe-Bellany Across the nation, some states try to entice cryptocurrency mining corporations to arrange store, providing tax incentives within the hopes of making jobs and of increasing their footing within the tech business. In New York, lawmakers have moved in a distinct path: In the … Read more