The announcement follows a difficult few months for the digital assets industry in India, despite the country’s growing appetite for cryptocurrencies. In April, Indians began paying a 30% capital gains tax on crypto transactions after Parliament passed a controversial tax law. The legislation, which the industry vehemently opposed, will also require crypto investors in the country to pay a 1% tax deducted at source, as well as taxes on crypto gifts, with no ability to take deductions for losses, starting on July 1.
Bankrupt Crypto Lender Celsius Gets Cash-Injection Offers, Approval to Sell Mined Bitcoin – CoinDesk
Bankrupt Crypto Lender Celsius Gets Cash-Injection Offers, Approval to Sell Mined Bitcoin CoinDesk