Regular Bitcoin trading allowed in India, says legal expert

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“Bitcoin and other cryptocurrencies have tremendous benefits for most marginalized people, merchants, tax departments and regulatory authorities,” added Nishith Desai, from his namesake law firm, underlining the potential of adopting cryptocurrencies in a country that is among the youngest populations in the world. India also sees soaring rates of smartphone adoption in the cheapest ... A press conference organized by Bitcoins Alliance India (BAI) and headed by Nishith Desai, India’s top taxation … Regular Bitcoin trading allowed in India, says legal expert Read More » The decentralized exchange (dex) built on Ethereum, Uniswap has accumulated a whopping $2 billion in total value locked (TVL) this week. Tuesday’s data shows out of all the dece Bitcoin start-ups Zebpay, Unocoin, Coinsecure and Searchtrade jointly launched Digital Asset and Blockchain Foundation of India (DABFI) for the orderly and transparent growth of virtual currency market. Nishith Desai Associates, an international law firm has been appointed to develop self-regulations for the industry. A committee spearheaded by Saurabh Agrawal, CEO of Zebpay has been ... The firm Nishith Desai Associates has now presented a proposal which will form part of the government’s final decision on cryptocurrency regulation. Some details from the submitted suggestions from Nishith Desai have been published which indicate that self-regulation ahead of an outright ban is recommended , as stunting the growth of cryptocurrency use in India would not be a positive step ... Bitcoin exchanges say they provide a service and on the brokerage that they charge can be subject to GST. Vaibhav Parikh, partner at Nishith Desai Associates, says: “Cryptocurrencies can be treated as a capital asset for tax, unless you are in the business of buying and selling, in which case it will be business income.” On Jaitley’s ... Vaibhav Parikh, partner, Nishith Desai Associates, said: ... Bitcoin Price To Reach $25000 in 5 years – Says EX-MD of JP Morgan Chase. Next Post. Bitcoin Price To Reach $25000 in 5 years – Says EX-MD of JP Morgan Chase . Recent Stories. This Is How Traders and Analysts Reacted to Bitcoin (BTC), Ethereum (ETH) Selloffs, On-Chain Data Reveals This Scoop. September 5, 2020. BCH Price Analysis ...

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