Breaking🚨- Crypto in India 🇮🇳 has very little consensus to be used as a “currency” but it's an “asset”- says the Economic Affairs Secretary Ajay Seth.
“Blockchain & distributed ledger technology has more use cases in the non-financial sector than financial sector”.
Breaking🚨- India🇮🇳 aims at a global SOP for regulating crypto assets at G-20.
“Regulations can’t be done by one single country it is a collective effort of all the countries”- says Finance Minister Nirmala Sitharama in a post-budget 2023 interview.
Podcast Alert🚨
Today we kick off the New Year with the launch of our first-ever KoinX Show featuring the one and only @simplykashif
Hear him speak about his journey, tax regulations, market advice & more❤️.
📍Venue- https://t.co/AgheALzziE
Just in: 32k worth of Indian🇮🇳crypto trading volume has been shifted to foreign exchanges.
“Most people believe that switching to foreign exchanges will allow them to avoid paying taxes, but that is not the case👀”
Check out more about this by crypto tax expert Sonu Jain👇
Crypto taxes can be confusing and complex like this maze👇
Don't stress out, let KoinX take the burden off your shoulders and guide you through the process.
Coming up🚨🔔
Live discussion on Crypto Taxation of Spot, Margin, Future trading followed by AMA with our expert.
🗓️Date: 3rd January 2022
⏰Time: 8 PM IST
📍Venue: https://t.co/3LKZA0tRSL
Have a question? Share with us in the comment👇
Don’t miss out ‼️
Just in 🚨
RESERVE BANK OF INDIA🇮🇳 releases the financial stability report 2022.
The report mentions : Crypto markets are volatile but they have not “yet” affected the stability of the Formal Financial system.
2022 has been a wild ride for the crypto & web3 ecosystem.
Bear market and hacks. That is not all that we have witnessed. Many innovations were taking the blockchain industry to the next level🚀!
Presenting to you KoinX 2022 wrap-up🧵.
This year KoinX attended Asia largest event of Chartered Accountants the- WCOA 22
KoinX is very proud of how it adds value to the profession of Chartered Accountancy, which is a key part of building sustainable economies for the future.
Announcing🚨
@coinbase integration with @getkoinx
Now there’s a super easy way to calculate tax for Indian users who trade on Coinbase.
KoinX perfectly pairs with Coinbase to calculate the following:
💰Capital Gains
💸Total TDS calculation
🗂️ Compiled Tax report