Recap of Indian Cryptocurrency market in 2022

India and Crypto adoption

India & Crypto relationship

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Introduction of Crypto tax

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RBI negative stand

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Drop in trading volume

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Binance WazirX dispute

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Catching Scams

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Way ahead

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Caroline Ellison pleads guilty

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We're on You Tube

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India and Crypto adoption

India and Crypto adoption

India & Crypto relationship

India & Crypto relationship

India has a love-hate relationship with cryptocurrency. However, it took shape in year 2022 with GOI intervention.

Introduction of Crypto tax

Introduction of Crypto tax

First time in 2022, government took steps and introduced crypto tax. 30% on capital gains & 1% TDS on every crypto transaction.

RBI negative stand

RBI negative stand

Despite taxing crypto assets, the Reserve Bank of India holds negative stand against cryptocurrencies and wants to ban it on a global scale.

Drop in trading volume

Drop in trading volume

The taxation received mixed response from traders. Indian crypto exchanges recorded over 60% drop in trading after tax.

Binance WazirX dispute

Binance WazirX dispute

Binance & WazirX had a week 's long tug of war after WazirX assets were freezed by ED. The case moved in WazirX favour.

Catching Scams

Catching Scams

A ton of scam has been caught by ED in 2022 valuing over millions of dollars. The criminals used exchanges for money laundering activities.

Way ahead

Way ahead

Going forward in 2023, GOI has plans to introduce GST on cryptos & also working with international authorities for establishing global regulations

Caroline Ellison pleads guilty

Caroline Ellison pleads guilty

Swipe up to learn about Alameda CEO & FTX co-founder Gary Wang confession

Also Read:

Also Read:

1..BitKeep Wallet

1..BitKeep Wallet

2..Tokocrypto takeover

2..Tokocrypto takeover

3..Crypto Billionaire loss

3..Crypto Billionaire loss

We're on You Tube

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