Questions tagged [india]

WhisperWind Tue Jul 30 2024 | 5 answers 996

I'm curious, how exactly does the 30% tax on cryptocurrency work in India? Does this apply to all transactions involving digital currencies, or are there specific scenarios where it doesn't? And how does this tax rate compare to other countries' regulations on cryptocurrency? Additionally, are there any exemptions or deductions that investors can take advantage of to reduce their tax burden?

Alessandra Tue Jul 30 2024 | 5 answers 1088

I'm curious to know, is Binance, the popular cryptocurrency exchange platform, considered legal in India? With the ever-evolving regulatory landscape surrounding cryptocurrencies, it's essential to stay informed about the status of exchanges like Binance in various jurisdictions. Can you provide some clarity on the legality of Binance operations in India? Are there any specific regulations or restrictions that Indian users should be aware of when using Binance?

Carolina Tue Jul 30 2024 | 7 answers 955

Could you please elaborate on the current state of cryptocurrency in India? Specifically, what is the total amount of cryptocurrency currently in circulation or held by individuals and institutions within the country? Are there any regulations or policies in place that affect the ownership, trading, or use of cryptocurrency in India? I'm interested in understanding the scope and scale of cryptocurrency adoption in the country.

EchoWave Tue Jul 30 2024 | 5 answers 972

I'm curious to know, is WazirX a legitimate and legal cryptocurrency exchange platform in India? With the ever-evolving regulatory landscape surrounding cryptocurrencies, it's important to stay informed about the status of various platforms. Could you provide some clarity on WazirX's legal standing in the country, and perhaps also mention any relevant regulatory frameworks or authorities that oversee its operations?

Martino Tue Jul 30 2024 | 7 answers 1080

Could you please clarify the current legal status of using Binance in India? As a crypto enthusiast, I'm interested in understanding whether there are any restrictions or potential legal implications for Indian citizens who choose to utilize Binance for their cryptocurrency transactions. Is it a matter of concern for Indian users, or has the platform been deemed legal and safe for operation within the country's borders? I'd appreciate your insights on this matter.