Crypto tax in India spurs bonanza for digital-coin bourses

Crypto tax in India spurs bonanza for digital-coin bourses

India’s decision to impose a 30% tax on profits from cryptocurrency trading is turning out to be a boon for the country’s digital-asset exchanges. Binance-owned WazirX, India’s largest crypto bourse, has seen daily sign-ups on its platform jump almost 30% since Feb. 1, when the government unveiled the levy on the transfer of digital assets … Read more

Crypto Bourses Can’t Get Cover For Cyber Risks

Crypto Bourses Can’t Get Cover For Cyber Risks

Chennai: In the absence of regulation, cryptocurrency exchanges in India are not being able to get insurance protection against cyber risks like ransomware attacks and business interruption. This is primarily because the RBI, which places a higher risk for the insurance underwriter, does not recognise cryptocurrencies. A senior executive at Future Generali India Insurance said … Read more