In Crypto For Tech

I am in it for the tech. No really.

[In Crypto For Tech @InCryptoForTech]

On Sam Bankman-Fried, FTX and Alameda:

[In Crypto For Tech @InCryptoForTech]

@simplykashif "inputs from IMF, FSB" 🤦‍♂️

It's going to be negative on Indian crypto scene again

[Suryansh💯 @Suryansh_IND]

@NITIAayog @FinMinIndia
Government babu's and thier ego
Will always be remembered in history of crypto how they destroyed indian #crypto industry.

[In Crypto For Tech @InCryptoForTech]

Pakistan is announcing SBR while Indian government crippled the crypto industry with punitive taxes (30% flat tax, no loss offset, no loss carry forward, penalties and what not). Incredible self goal.

[The Bitcoin Historian @pete_rizzo_]

BREAKING: PAKISTAN CRYPTO CHEIF JUST SAID THE COUNTRY WILL LAUNCH A STRATEGIC #BITCOIN RESERVE

NATION STATE FOMO IS OFFICIALLY HERE. MASSIVE 🚀🚀🚀

[In Crypto For Tech @InCryptoForTech]

@getkoinx For airdrops, can we use zero cost basis acquisition method: https://t.co/EHP3NgO82d

[In Crypto For Tech @InCryptoForTech]

@getkoinx In a recent interview with @bitinning / @simplykashif, @a__punit mentioned (~30:20 mark in https://t.co/wglyQN1Jgi) we could also use $0 cost basis acquisition for India. Is that correct?

[In Crypto For Tech @InCryptoForTech]

@a__punit Punit could you please confirm if this is correct
https://t.co/EHP3NgO82d

[In Crypto For Tech @InCryptoForTech]

@getkoinx In a recent interview with @bitinning / @simplykashif, @a__punit mentioned (~30:20 mark in https://t.co/wglyQN1Jgi) we could also use $0 cost basis acquisition for India. Is that correct?

[In Crypto For Tech @InCryptoForTech]

@getkoinx In a recent interview with @bitinning / @simplykashif, @a__punit mentioned (~30:20 mark in https://t.co/wglyQN1Jgi) we could also use $0 cost basis acquisition for India. Is that correct?

[In Crypto For Tech @InCryptoForTech]

@getkoinx In a recent interview with @bitinning / @simplykashif, @a__punit mentioned (~30:20 mark in https://t.co/wglyQN1Jgi) we could also use $0 cost basis acquisition for India. Is that correct?

[Dr. Sathvik Vishwanath (Unocoin) @sathvikv]

Day 1101: Not allowing loss offset is the least fair approach—how can something be called "income" and taxed when losses aren’t accounted for? Fair taxation must reflect actual gains, not just selective profits! #reducecryptotax #faircryptotax #IndiaWantsCrypto @FinMinIndia

[In Crypto For Tech @InCryptoForTech]

On top of it, no loss offset. Imagine taxing gains but not allowing to adjust for losses. India's tax law is overtly anti-crypto.

[Ajay Kashyap @EverythingAjay]

🇮🇳 India is revisiting its crypto policy amid global shifts - DEA Secretary Ajay Seth

30% tax on crypto gains & 1% TDS still in place.

[In Crypto For Tech @InCryptoForTech]

Everytime the Indian government announces something about crypto, it is punitive. Every move seems to be designed to push the crypto ecosystem even more underground. How much more will you punish Indian crypto investors @nsitharaman @nsitharamanoffc?

[In Crypto For Tech @InCryptoForTech]

@IndiaToday @nsitharaman @rahulkanwal @sahiljoshii @sakshibatra18 @szarabi While David Sacks is about to make major crypto announcements for the US, we are stuck with regressive tax policies in India. Imagine not even letting us offset our losses against gains. Locking up 1% for every transaction. Everything is designed to punish crypto investors.

[In Crypto For Tech @InCryptoForTech]

Meanwhile India will add another tax clause or amendment to punish crypto investors

[Crypto India @CryptooIndia]

🌐 The global #Bitcoin race is unfolding before our eyes! 👀

[In Crypto For Tech @InCryptoForTech]

We need a @coincenter for India. Not a Bharat Web3 Association which is simply a Cex lobby group.

[In Crypto For Tech @InCryptoForTech]

We will heavily tax your crypto gains. But not let you adjust them with other income. Not even against crypto losses (!). And deduct 1% on every transaction. But we are not against distributed ledger technologies. Lol. India must have the most cruel crypto stance in the world.

[Kashif Raza @simplykashif]

Kudos to @rahulkanwal asked the right questions to Finance Minister Nirmala Sitharaman on crypto.🔥

- Govt says they support blockchain but continue enforcing heavy taxation (TDS).
- 97% of trading left India
- ₹6,000 Cr revenue lost
- Web3 talent moving abroad

Does this serve India's best interests? Time to adjust before it’s too late

[Kashif Raza @simplykashif]

Kudos to @rahulkanwal asked the right questions to Finance Minister Nirmala Sitharaman on crypto.🔥

- Govt says they support blockchain but continue enforcing heavy taxation (TDS).
- 97% of trading left India
- ₹6,000 Cr revenue lost
- Web3 talent moving abroad

Does this serve India's best interests? Time to adjust before it’s too late

[In Crypto For Tech @InCryptoForTech]

@simplykashif @rahulkanwal Every government announcement on crypto has been negative till date - taxes, penalties, punishments. Never has there been any positive news. And every time they are asked about crypto, they just say the same thing: "we support blockchain (...but not crypto)". Still stuck in 2014

[In Crypto For Tech @InCryptoForTech]

CBDCs are so amazing that you have to ban all competition to realise its benefits

[Solid Intel 📡 @solidintel_x]

INTEL: INDIA CONSIDERS BANNING BITCOIN, ETHER IN FAVOR OF CBDC

[In Crypto For Tech @InCryptoForTech]

@thetrocro https://t.co/ES0fc1aZlT

[In Crypto For Tech @InCryptoForTech]

@DSBatten @SenWarren @nytimes Exactly: https://t.co/s8E5OIBl9h
If Bitcoin is the reason for an increase in prices in Texas, what about literally almost every other State? They are deliberately blaming Bitcoin to drum up public outrage.
(cells in green are the only sectors and States with a decrease in prices)

[Crypto Hanuman @crypto_hanuman]

Many investors that bought crypto wanted to withdraw to personal wallets. Most exchanges don't support this feature for whatever reasons. Now who will take responsibility of the funds lost? Investors have no other choice than holding their assets on these exchanges.

[In Crypto For Tech @InCryptoForTech]

Never forget that Indian Cex'es/Bharat Web3 Association lobbied against foreign Cex'es like Binance to get them blocked in India and then stopped crypto withdrawals from their own exchanges in the name of customer protection. The result of that "protection" is for all to see:

[Pushpendra Singh Digital @PushpendraTech]

BREAKING:🇮🇳 Indian Exchange Hacked 😳

#WazirX India’s secure multisig wallet on the Ethereum network has been compromised.

A total of $234.9 million has been transferred to a new address.

The suspicious address has exchanged PEPE, GALA, and USDT for Ethereum and continues to swap other digital assets.