by AIP Online Bureau | Jul 5, 2022 | Eco/Invest/Demography, Indian News, Technology, Wealth Management/ Philanthropy
Three exchanges — ZebPay, WazirX and CoinDCX — suffered declines of between 60% and 87% in the value of daily trading immediately after the 1% tax deductible at source became effective on July 1, data from CoinGecko show Warnings from Indian crypto...
by AIP Online Bureau | Jun 26, 2022 | Eco/Invest/Demography, Indian News, Policy, Risk Management, Trends, Facts, Wealth Management/ Philanthropy
That a crypto marketplace should be in cost-cutting mode is hardly a surprise — Coinbase Global Inc. and Crypto.com have announced layoffs in the last two weeks alone — but Indian exchanges face the added burden of a new tax system that executives fear will wipe out...
by AIP Online Bureau | Jun 18, 2022 | International News, Technology, Wealth Management/ Philanthropy
“Breaking $20,000 shows you that confidence has collapsed for the crypto industry and that you’re seeing the latest stresses,” said Edward Moya, Senior Market Analyst, The Americas OANDA, on Saturday. Moya said that “even the loudest crypto...
by AIP Online Bureau | May 21, 2022 | Eco/Invest/Demography, International News, Risk Management, Technology, Wealth Management/ Philanthropy
Christine Lagarde,European Central Bank President Lagarde told Dutch television that she’s concerned about people “who have no understanding of the risks, who will lose it all and who will be terribly disappointed, which is why I believe that that should be...
by AIP Online Bureau | May 15, 2022 | Eco/Invest/Demography, Indian News, Policy, Regulation, Technology
Pointing out that cryptocurrencies have the potential to be a medium of exchange and replace the rupee in financial transactions both domestic and cross border, central bank officials said these currencies “can replace a part of monetary system it will also...
