GST on Crypto - Does the Indian Government Want to Kill the Golden Goose?

Cryptocurrency India Weekly

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2y ago 5:07

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Here are the top cryptocurrency news headlines from India this week:
Cryptocurrencies likely to attract 28% GST: https://www.cnbctv18.com/cryptocurrency/cryptocurrencies-may-soon-attract-28-gst-like-betting-and-casinos-in-india-13418192.htm ;
Critics call govt’s move to levy 28% GST on crypto ‘demonic: https://inc42.com/buzz/critics-call-govts-move-to-levy-28-gst-on-crypto-demonic/ ;
Trading volumes on Indian exchanges rise amidst crashing crypto prices: https://economictimes.indiatimes.com/tech/technology/volumes-on-indian-crypto-exchanges-jump-as-bitcoin-crashes/articleshow/91493699.cms ;
Crypto rout sends portfolios of most new investors in red: https://economictimes.indiatimes.com/tech/technology/trading-volumes-jump-in-india-as-bitcoin-crashes-to-30000/articleshow/91476472.cms ;
Indian exchanges and investors in a tizzy after LUNA’s dramatic collapse: https://economictimes.indiatimes.com/markets/cryptocurrency/indian-exchanges-delist-luna-after-100-crash-in-token/articleshow/91540765.cms ;
Crypto exchanges want clarity on TDS liability if they move operations outside India: https://economictimes.indiatimes.com/tech/technology/cryptocurrency-exchanges-want-clarity-on-tds-liability-if-they-move-operations-overseas/articleshow/91523701.cms ;
Coinbase CEO says firm halted services due to informal RBI pressure: https://www.cnbctv18.com/cryptocurrency/coinbase-ceo-says-exited-india-crypto-market-in-three-days-due-to-informal-pressure-from-rbi-but-will-return-13446072.htm ;
Sonam Kapoor invests in a metaverse gaming platform: https://inc42.com/buzz/sonam-kapoor-invests-in-gaming-startup-irreverent-labs-metaverse-platform-mechafightclub/ ;
CoinDCX has launched its venture investment arm CoinDCX Ventures: https://inc42.com/buzz/crypto-unicorn-coindcx-launches-investment-arm-to-deploy-inr-100-cr-in-web3-ecosystem/ ;
CoinSwitch Kuber lists Ethereum Name Service (ENS) and Chiliz (CHZ);
WazirX lists League of Kingdoms (LOKA), BarnBridge (BOND) and Measurable Data Token (MDT) in its USDT market.

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